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Volt Lithium ( (TSE:LIB) ) has issued an update.
LibertyStream Infrastructure Partners has successfully closed the second and final tranche of its private placement, raising a total of approximately $10 million. The proceeds will be used to advance the company’s direct lithium extraction technology and scale up lithium carbonate production in Texas, moving towards commercial production and offering samples to potential customers. This strategic move is expected to enhance operational efficiency and strengthen LibertyStream’s 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 leverages its management’s hydrocarbon experience to deploy proprietary direct lithium extraction technology into existing oil and gas infrastructure, aiming to reduce capital costs, lower risks, and support the clean energy transition.
Average Trading Volume: 827,939
Technical Sentiment Signal: Buy
Current Market Cap: C$155.8M
For an in-depth examination of LIB stock, go to TipRanks’ Overview page.