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The latest announcement is out from Volt Lithium ( (TSE:LIB) ).
LibertyStream Infrastructure Partners has successfully closed the first tranche of its private placement, raising approximately $8.9 million through the issuance of 13,707,691 units. The proceeds will be used to advance the company’s lithium extraction technology and scale up lithium carbonate production in Texas, moving towards commercial production and providing product samples to potential customers. This strategic move is expected to enhance the company’s operational efficiency and strengthen its position in the lithium market.
More about Volt Lithium
LibertyStream Infrastructure Partners is a lithium development and technology company focused on becoming one of North America’s first commercial producers of lithium carbonate from oilfield brine. The company aims to leverage its management’s hydrocarbon experience to deploy proprietary direct lithium extraction technology into existing oil and gas infrastructure, thereby reducing costs and supporting the clean energy transition.
Average Trading Volume: 795,277
Technical Sentiment Signal: Buy
Current Market Cap: C$155.8M
Learn more about LIB stock on TipRanks’ Stock Analysis page.