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Volt Lithium ( (TSE:VLT) ) has issued an announcement.
Volt Lithium Corp. is set to deploy its mobile Direct Lithium Extraction unit in North Dakota’s Bakken region, marking a significant expansion into a key U.S. oil-producing area. This initiative, supported by a $2.5 million funding collaboration with Wellspring Hydro and the North Dakota Industrial Commission, underscores Volt’s leadership in the U.S. critical mineral supply. The deployment is expected to enhance Volt’s operational capabilities and project economics by leveraging existing oilfield infrastructure, thereby reducing costs and accelerating production. The move also positions Volt strategically within the North American lithium market, potentially increasing its lithium carbonate equivalent production significantly.
More about Volt Lithium
Volt Lithium Corp. is a company operating in the critical mineral supply industry, focusing on the extraction of lithium from oilfield brines. The company is strategically positioned in North America’s largest oil-producing basins, the Permian and Bakken, and utilizes proprietary technology to extract lithium efficiently.
Average Trading Volume: 98,082
Technical Sentiment Signal: Sell
Current Market Cap: C$38.13M
For detailed information about VLT stock, go to TipRanks’ Stock Analysis page.