07:46 AM EDT, 07/17/2024 (MT Newswires) -- Volt Lithium Corp. ( VLTLF ) earlier on Wednesday announced the "achievement of another pivotal milestone" on the path to commercializing its proprietary and proven next-generation Direct Lithium Extraction technology for processing oilfield brines.

According to Wednesday's statement, the company has scaled-up production capacity to 96,000 litres per day (equivalent to 600 barrels per day) representing a 100 times scale-up in its processing capabilities. And following the strategic investment from its U.S. partner which closed on May 2, 2024, Volt has scaled-up operations at its field simulation centre in Calgary, Alberta in order to build this first field unit for deployment in Q3 2024, the statement said.

Among other highlights, Volt cited lithium recoveries of up to 99% achieved during scale-up, with inlet brine concentrations as low as 31 mg/L.

"The Permian basin currently produces 19 million barrels of lithium infused brine per day, making it one of the largest potential sources of lithium in the United States," said Alex Wylie, President and CEO of Volt, in the statement. "With the scaling-up of our Field Simulation Centre, we have accelerated the company's trajectory to becoming a significant North American lithium producer."

"Volt is on a clear path to become a low-cost commercial producer of battery-grade lithium from oilfield brines in North America," added Dave Kimery, COO of Volt.