05:43 AM EDT, 09/26/2024 (MT Newswires) -- Volt Lithium ( VLTLF ) said it has begun U.S. field operations in the Permian Basin in Texas, marking its first lithium production.

"Achieving first lithium production establishes Volt as a leader in direct lithium extraction from North American oilfield brines and marks the company's strategic shift from development to production," said President & CEO Alex Wylie.

Volt's focus over the remainder of the year will be to scale-up operations to build an inventory of lithium concentrate and lithium carbonate for future commercial sales. It aims to start cash generation by the end of 2024 with the goal to be cash flow positive in the first half of 2025.

Volt will scale up commercial production to 100,000 barrels per day of brine production during the second half of 2025.