Company Overview - Volt Lithium Corp. is transitioning to a new name, LibertyStream Infrastructure Partners Inc., to reflect its strategic evolution towards becoming a key infrastructure partner in the U.S. oil and gas industry focused on critical mineral resources [11][12] - The company aims to leverage its proprietary Direct Lithium Extraction (DLE) technology to become one of North America's first commercial producers of lithium carbonates from oilfield brine [14] Leadership Changes - Marty Scase, co-founder and Board member, has been appointed as Executive Chairman, indicating his increased involvement in advancing the company's extraction technologies [3][4] - This leadership enhancement is part of the company's strategy to expand growth and commercial opportunities within the U.S. critical minerals sector [1][3] Operational Milestones - Volt has established collaborations with U.S. oil and gas operators, validating the effectiveness of its lithium extraction technology following the commissioning of its Field Simulation Centre in Calgary in late 2023 [5] - The company deployed its Generation 1 Field Unit in Texas in September 2024, processing 600 barrels of oilfield brine per day, and subsequently installed its Generation 5 Field Unit, which can now process over 10,000 barrels per day [6][10] - Since installation, the Generation 5 Unit has completed over 300 test runs, identifying optimal operating parameters for economically viable commercial-scale lithium production [7] Government Support and Strategic Alignment - Volt secured a U.S. $2.5 million grant from the State of North Dakota, highlighting its alignment with U.S. critical mineral production initiatives [8] - The company's strategic transition to focus on U.S. operations positions it to align with favorable governmental policies aimed at enhancing critical mineral supply [12][16] Future Outlook - With proven technology and strategic U.S. partnerships, Volt is advancing from demonstration to initial commercial-scale lithium production, actively pursuing opportunities to meet growing domestic demand for critical minerals [13]
Volt Lithium Announces Executive Team Appointment, AGM and Proposed Strategic Name Change, Prepares for Future U.S. Transition
Globenewswireยท2025-05-27 10:09