Sign Up

Volt Lithium and Wellspring Hydro Enter Into Field Development Agreement Backed by Follow-On Grant from State of North Dakota

Support from North Dakota Government: Additional funding of US$2,000,000 underscores continued support of Volt's proprietary direct lithium extraction ("DLE") technology.

Accelerating Domestic Critical Minerals Production: Volt's rapid timeline to commercialization aims to bolster the U.S. supply chain with locally sourced lithium from existing oilfield infrastructure.

Core Focus on American Innovation: The Company remains committed to harnessing established energy resources in the Permian Basin and the Bakken formation to deliver sustainable critical minerals production in the United States.

CALGARY, Alberta, March 31, 2025 (GLOBE NEWSWIRE) -- Volt Lithium Corp. (TSXV:VLT, OTCQB:VLTLF, FSE: I2D)) ("Volt" or the "Company") is pleased to announce the receipt of US$2 million in additional grant funding from the State of North Dakota (the "Grant"), bolstering its efforts to advance Volt's direct lithium extraction technology for domestic commercial deployment. This follow-on support comes via Volt's partnership with Wellspring Hydro ("WSH") and is consistent with the state's commitment to accelerating critical minerals development within the U.S.

"We are deeply grateful to the State of North Dakota for this continued support, which not only reflects confidence in our DLE technology but also underscores our shared goal of strengthening the domestic supply chain for critical minerals," said Alex Wylie, President & CEO of Volt. "By leveraging existing oilfield infrastructure and a rapid path to commercialization, we are contributing to American innovation and working to ensure the U.S. has secure, redundant sources of lithium right here at home."

Driving Toward Commercial-Scale Production

Grant-Funded Expansion: Building upon a successful Field Study Agreement announced in December 2024, Volt and Wellspring will deploy the new grant proceeds to scale and further refine Volt's proprietary DLE technology in the Bakken formation of North Dakota.

Short Timeline to Production: Volt's approach uses established energy-sector infrastructure, reducing capital requirements and fast-tracking operational readiness, thereby supporting the near-term development of domestic lithium production.

Permian Basin Core Focus: The Permian ...