Lithium Brine Co. Cuts 64% Operating Costs

Volt Lithium Corp. (VLT:TSV;VLTLF:US) announced in a press release on February 23, 2024, that it had reached another important step toward commercialization with regard to its direct lithium extraction (D.L.E.) technology. The technology, which is intended to extract lithium from oil field brines, has cut operating costs by 64% on the company's Rainbow Lake property.

The company has stated that this is only one step in its ongoing streamlining efforts and should support robust margins for Volt.

Alex Wylie, the President and CEO of Volt Lithium, commented, "Volt is well on our way to becoming the low-cost commercial producer of battery-grade lithium from oil field brines in North America. The Volt engineering and technical teams continue to improve operational processes for our proprietary D.L.E. technology that we believe will truly drive commercial success for the company."

He continued, "As demand for high-quality lithium continues to grow, Volt's latest achievement positions us to help meet the world's expanding need for this critical mineral and to do so in an environmentally sustainable and lower-impact manner."

Lithium a Focus of Chinese Critical Minerals Policy

On January 23, 2024, Katusa Research included lithium in a list of sectors that could see major breakouts in 2024. Due to a global push toward decarbonization and alternative energy sources, lithium has been a major focus for the electric vehicle industry, especially in Asia, as an essential component of batteries.

The report commented, "China has started the ‘Ore Wars' and will flex its muscle to secure its supply. It just announced a cut to critical raw materials tariffs, and you guessed it — lithium was [at the] top of the list."

Superb Management

Michael Ballinger with GGM Advisory Inc. reviewed Volt Lithium on January 23, 2024, and labeled it as a "Buy" through the end of January at CA$0.10. 

On January 22, Ballinger commented, "Volt has a superb management team, so my heart lies in their ability to shrug off this (hopefully) temporary lag in lithium demand and strike a number of U.S. D.L.E. deals that can supersede the bearish narrative and vault them to the top of the pack."

Ownership and Share Structure

Refinitiv provided a breakdown of the company's ownership and share structure, where management and insiders own approximately 15.54% of the company. According to Refinitiv, James Alexander Wylie owns 8.73% of the company with 11.38 million shares, Martin Scase owns 4.94% of the company with 6.44 million shares, Warner Uhl owns 0.88% of the company with 1.15 million shares, Maury Dumba owns 0.49% of the company with 0.64 million shares, Morgan Tiernan owns 0.39% of the company with 0.50 million shares, and Kyle Robert Hookey owns 0.11% of the company with 0.14 million shares.

Refinitiv reports that institutions own 1.84% of the company, as Eagle Claw Investments Pty. Ltd. owns 1.07% of the company with 1.40 million shares, and U.S. Global Investors, Inc., owns 0.77% of the company with 1.00 million shares.

According to Refinitiv, there are 130.3 million shares outstanding with 108.66 million free float traded shares, while the company has a market cap of CA$16.4 million shares and trades in the 52-week period between CA$0.16 and CA$0.55.

Important Disclosures:

1. Volt Lithium Corp. has a consulting relationship with an affiliate of Streetwise Reports, and pays a monthly consulting fee between US$8,000 and US$20,000.
2. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Volt Lithium Corp.
3. Amanda Duvall wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. 
4.  This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. 

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