Volt Lithium Announces Expansion of Team to Facilitate Growth to Field Operations
13 June 2024 - 10:00PM
Volt Lithium Corp. (TSXV: VLT | OTCQB: VLTLF)
("
Volt" or the "
Company") is
pleased to announce following additions to the team: Dave Kimery,
PEng, Chief Operating Officer; Derek McFarlane, Production Engineer
and Field Operations, USA; Greg Foofat, Vice President, Investor
Relations.
Since the beginning of 2024, Volt has expanded
its operational team to prepare for field operations in the
Delaware Basin in Texas. Mr. Kimery and Mr. McFarlane have been
critical to Volt’s operations as we expand beyond our Field
Simulation Centre in Calgary, Alberta. Mr. Foofat brings extensive
industry and capital markets experience from both the lithium
industry and oil and gas industry and will help Volt increase its
communications capabilities as the Company commences operations in
the field and later to commercial operations.
-
Mr. Kimery is a Mechanical Engineer with over 25
years experience and has been responsible for the build out of the
Company’s Field Simulation Unit in Calgary, Alberta. Mr. Kimery has
spent the past 25 years working in the Energy Industry in multiple
capacities, including as a CEO, COO and VP Engineering with
multiple successful oil and gas companies. Mr. Kimery is a
Mechanical Engineering by training, graduating from the University
of Calgary.
-
Mr. McFarlane is a Production Engineer with over
30 years experience working in the oil and gas industry. Mr.
McFarlane, originally from Calgary, has spent the past 20 years
working in field across various basins in the US, including the
Permian (Delaware, Woodford, Eagle Ford), the Bakken and the
Marcellus basins. Mr. McFarlane’s “hands on” operational experience
will be critical to Volt as it commences operations in the Delaware
Basin.
-
Mr. Foofat has 20 years of experience in capital
markets, investor relations, corporate communications, corporate
governance and corporate strategy. He currently serves on the
Advisory Board at Lancaster Resources and most recently was
Manager, Investor Relations for E3 Lithium Ltd. Mr. Foofat also
brings significant oil and gas and capital markets expertise
through investor relations roles at organizations such as Harvest
Operations, Penn West Petroleum and Southern Pacific Resources, and
capital markets roles at National Bank Financial and
Canaccord Genuity.
Volt also announces the grant of an aggregate of
800,000 options (the "Options") to the above
individuals and certain consultants of the Company to purchase
800,000 commons shares (the “Shares”) in the
capital of the Company pursuant to Volt’s stock option plan. The
Options vest over a six-month period and are exercisable at $0.25
per Share for a period of four years from the date of grant,
expiring on June 11, 2028.
These grants represent compensation to the
individuals and consultants for their respective service to the
Company and as an incentive mechanism to foster and align the
interest of such persons in the long-term success of Volt.
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. Volt has a proprietary Direct Lithium Extraction
(“DLE”) technology and process to produce
commercial grade lithium allowing the highest lithium recoveries
with lowest costs. 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:
https://voltlithium.com/.
Contact Information
For Investor Relations inquiries or further
information, please contact:
Alex Wylie, President &
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 general business and economic conditions. With
respect to the forward-looking information contained in this news
release, the Company has made numerous assumptions. 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 including those known risk factors outlined in the Company’s
amended and restated annual information form and the Shelf. 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.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this news release.
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