VOLT ANNOUNCES EXTENSION TO AGREEMENT WITH EMERGING MARKETS CONSULTING, LLC
06 May 2023 - 6:15AM
Volt Lithium Corp. (TSX-V: VLT, OTCQB: VLTLF, FSE: I2D)
(“
Volt” or the “
Company”), is
pleased to announce that it has extended the term (the
“
Extension”) of its previously announced addendum
agreement with EMC dated March 29, 2023 (the “
EMC
Agreement”).
The Extension serves to extend the EMC Agreement
for an additional three-month term beginning on June 1, 2023, on
substantially the same terms. Under the EMC Agreement, EMC will
provide investor and public relations services to Volt, including
arrangement for and provision of electronic media and webcast
services, as well as the drafting of corporate information and
dissemination of such information through email and trade shows. In
consideration for these services, EMC will be paid a cash fee of
US$150,000 in connection with the Extension.
EMC acts at arm’s length to the Company and has
no present interests, directly or indirectly, in the Company or its
securities. The fees paid by the Company to EMC
are solely for the services provided by EMC and will come from the
Company’s general working capital account.
About Volt
Volt is a lithium development and technology
company aiming to be North America’s first commercial producer of
lithium hydroxide and lithium carbonates from oilfield brine. Our
strategy is to generate value for shareholders by leveraging
management’s hydrocarbon experience and existing infrastructure to
extract lithium deposits from existing wells, thereby reducing
capital costs, lowering risks and supporting the world’s clean
energy transition. With four differentiating pillars, and a
proprietary Direct Lithium Extraction technology, Volt’s innovative
approach to development is focused on allowing the highest lithium
recoveries with lowest costs, positioning us well for future
commercialization. We are committed to operating efficiently and
with transparency across all areas of the business staying sharply
focused on creating long-term, sustainable shareholder value.
Investors and/or other interested parties may sign up for updates
about the Company’s continued progress on its website at
www.voltlithium.com.
Contact Information
For Investor Relations inquiries or further
information, please contact:
Alex Wylie,
President and
CEO
awylie@voltlithium.com M:
+1.403.830.5811
Forward Looking Statements
This news release includes certain
“forward-looking statements” and “forward-looking information”
within the meaning of applicable Canadian securities laws. When
used in this news release, the words “anticipate”, “believe”,
“estimate”, expect”, “target”, “plan”, “forecast”, “may”, “would”,
“could”, “schedule” and similar words or expressions, identify
forward-looking statements or information. Statements, other than
statements of historical fact, may constitute forward looking
information and include, without limitation, the terms of the EMC
Agreement and Extension. Forward-looking statements and
forward-looking information also include any statements relating to
future lithium production, liquidity, enhanced value and capital
markets profile of Volt, future growth potential for Volt and its
business, and future exploration plans. With respect to the
forward-looking information contained in this news release, the
Company has made numerous assumptions regarding, among other
things, the price of lithium and other metals; no escalation in the
severity of the COVID-19 pandemic; costs of exploration and
development; the estimated costs of development of exploration
projects; Volt’s ability to operate in a safe and effective manner
and its ability to obtain financing on reasonable terms, that the
geological, metallurgical, engineering, financial and economic
advice that the Company has received is reliable and are based upon
practices and methodologies which are consistent with industry
standards. While the Company considers these assumptions to be
reasonable, these assumptions are inherently subject to significant
uncertainties and contingencies and may prove to be incorrect.
Additionally, there are known and unknown risk factors which could
cause the Company’s actual results, performance or achievements to
be materially different from any future results, performance or
achievements expressed or implied by the forward-looking
information contained herein. Known risk factors include, among
others: fluctuations in commodity prices and currency exchange
rates; uncertainties relating to interpretation of well results and
the geology, continuity and grade of mineral deposits; uncertainty
of estimates of capital and operating costs, recovery rates,
production estimates and estimated economic return; the need for
cooperation of government agencies in the exploration and
development of properties and the issuance of required permits; the
need to obtain additional financing to develop properties and
uncertainty as to the availability and terms of future financing;
the possibility of delay in exploration or development programs or
in construction projects and uncertainty of meeting anticipated
program milestones; uncertainty as to timely availability of
permits and other governmental approvals; increased costs and
restrictions on operations due to compliance with environmental and
other requirements; increased costs affecting the metals industry
and increased competition in the metals industry for properties,
qualified personnel, and management. All forward-looking
information herein is qualified in its entirety by this cautionary
statement, and the Company disclaims any obligation to revise or
update any such forward-looking information or to publicly announce
the result of any revisions to any of the forward-looking
information contained herein to reflect future results, events or
developments, except as required by law.
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