Volt Lithium Corp. Receives US$2 Million Grant Boost for Domestic Lithium Extraction
CALGARY, Alberta, March 31, 2025 – Volt Lithium Corp. (TSXV: VLT, OTCQB: VLTLF, FSE: I2D) (“Volt” or the “Company”), a leading innovator in direct lithium extraction technology, is thrilled to announce the receipt of an additional US$2 million grant from the State of North Dakota. This grant, a follow-on to the initial funding, will further bolster Volt’s efforts to advance its technology for commercial deployment within the United States.
Partnership with Wellspring Hydro
The grant comes via Volt’s partnership with Wellspring Hydro (“WSH”), a North Dakota-based energy company. This collaboration is aligned with the state’s commitment to accelerating the development of critical minerals within the U.S. The grant will be used to support Volt’s ongoing research and development activities, as well as the construction of a demonstration plant to showcase the Company’s direct lithium extraction technology.
Significance for Volt Lithium
The additional grant funding is a significant boost for Volt Lithium as it continues to make strides in the development of its direct lithium extraction technology. This innovative approach allows for the efficient and environmentally friendly extraction of lithium from brine sources, providing a domestic alternative to the current reliance on imported lithium. With the continued support of partners like WSH and the State of North Dakota, Volt is well-positioned to bring this technology to market and contribute to the growing demand for domestic lithium production.
Impact on Consumers and the World
For consumers, the advancement of Volt’s direct lithium extraction technology could lead to a more stable and reliable supply of lithium, which is a critical component in the production of batteries used in electric vehicles and renewable energy storage systems. The technology’s potential for domestic production also reduces the reliance on imported lithium, which can be subject to price fluctuations and geopolitical risks.
On a larger scale, the successful deployment of Volt’s technology could have a significant impact on the world, particularly in the context of the global energy transition. The increasing demand for electric vehicles and renewable energy storage systems requires a steady supply of lithium. Domestic production through innovative and sustainable methods, such as Volt’s direct lithium extraction technology, can help meet this demand while reducing reliance on imported resources and contributing to energy independence.
Conclusion
Volt Lithium Corp.’s receipt of an additional US$2 million grant from the State of North Dakota is a testament to the Company’s progress in developing a domestic alternative to imported lithium. This funding, provided via Volt’s partnership with WSH, will support the construction of a demonstration plant and further research and development activities. The impact of this technology on consumers and the world is significant, as it could lead to a more stable and reliable supply of lithium, reduce reliance on imported resources, and contribute to energy independence.
- Volt Lithium receives US$2 million grant from the State of North Dakota
- Funding comes via partnership with Wellspring Hydro
- Grant to support construction of demonstration plant and ongoing research and development
- Technology could lead to a more stable and reliable supply of lithium
- Reduces reliance on imported resources and contributes to energy independence
