Volt Lithium Declares Upsized $5.4 Million Marketed Public Providing of Items

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Not for distribution to U.S. newswire companies or for dissemination in the USA. Any failure to adjust to this restriction might represent a violation of U.S. securities legislation.

CALGARY, Alberta, Nov. 12, 2024 (GLOBE NEWSWIRE) — Volt Lithium Corp. (TSXV: VLT) (“Volt” or the “Firm“) is happy to announce that it has entered into an modification to its engagement letter with Canaccord Genuity Corp. (“Canaccord Genuity” or the “Agent”) pursuant to which the Canaccord Genuity has agreed to upsize the beforehand introduced public providing of the Firm. The upsized providing (the “Providing”), on a “best-efforts” marketed foundation, can be for as much as 17,500,000 items of the Firm (the “Items”) at a value of $0.31 per Unit (the “Providing Value”) for combination gross proceeds to the Firm of as much as $5,400,000.

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Except for the elevated variety of Items, all phrases of the Providing and the beforehand introduced non-public placement of Items for gross proceeds of as much as $1,100,000 (the “Concurrent Personal Placement”) stay the identical. As beforehand introduced, the Firm pays to the Agent a money fee equal to six% of the gross proceeds from the Providing, subject the variety of dealer warrants equal to six% of the variety of Items bought pursuant to the Providing, pay to the agent a money fee equal to three% of the gross proceeds of the Concurrent Personal Placement and subject the variety of dealer warrants equal to three% of the gross proceeds of the Concurrent Personal Placement for as much as $1,100,000 of Items bought thereunder. Every dealer warrant shall be exercisable for one Unit on the Providing Value for a interval of 24 months following the completion of the Providing.

Closing of the Providing is predicted to happen on or about November 19, 2024 or on such different date as could also be mutually agreed upon by the Firm and the Agent, appearing fairly (the “Closing Date”).

The Providing

The Items bought below the Providing are provided by means of: (i) a prospectus complement (the “Prospectus
Complement”) to Volt’s brief type base shelf prospectus dated July 20, 2023 (the “Shelf”), which Prospectus Complement can be filed with the securities commissions and different related regulatory authorities in every of the Provinces of Canada, aside from Quebec; (ii) in the USA or to or for the account or good thing about “U.S. individuals” as outlined by Regulation S below the USA Securities Act of 1933, as amended (the “U.S. Securities Act”), by means of non-public placement pursuant to exemptions from registration supplied for below the U.S. Securities Act and the relevant securities legal guidelines of any state of the USA; and (iii) in jurisdictions exterior of Canada and the USA as are agreed to by the Firm and Canaccord Genuity.

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Potential buyers below the Providing ought to learn the Shelf, the Prospectus Complement, as soon as filed, and the paperwork included by reference therein earlier than investing determination. Copies of the Shelf and the Prospectus Complement, following submitting thereof, are, or can be, as relevant, obtainable on the Firm’s SEDAR+ profile at www.sedarplus.ca.

The securities being provided haven’t been, nor will they be, registered below the U.S. Securities Act, and will not be provided or bought in the USA or to, or for the account or good thing about, U.S. individuals absent U.S. registration or an relevant exemption from the U.S. registration necessities. This information launch shall not represent a suggestion to promote or the solicitation of a suggestion to purchase nor shall there be any sale of the securities in any State through which such provide, solicitation or sale can be illegal.

3L Capital Inc. (“3L”), the Firm’s investor relations and capital market advisory companies supplier, is offering advisory companies to the Firm in reference to the Providing. 3L is a Toronto-based monetary and companies firm that gives advisory companies to metals & mining, oil & gasoline, renewable power, and know-how firms.

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About Volt

Volt is a lithium improvement and know-how firm aiming to be considered one of North America’s first business producers of lithium carbonates and lithium hydroxide from oilfield brine. Our technique is to generate worth for shareholders by leveraging administration’s hydrocarbon expertise and current infrastructure to extract lithium deposits from current wells, thereby decreasing capital prices, decreasing dangers and supporting the world’s clear power transition. With 4 differentiating pillars, and a proprietary Direct Lithium Extraction (“DLE”) know-how and course of, Volt’s modern strategy to improvement is concentrated on permitting the very best lithium recoveries with lowest prices, positioning us for future commercialization. We’re dedicated to working effectively and with transparency throughout all areas of the enterprise staying sharply targeted on creating long-term, sustainable shareholder worth. Traders and/or different events might join updates in regards to the Firm’s continued progress on its web site: https://voltlithium.com/.

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Contact Data

For Investor Relations inquiries or additional data, please contact:

Alex Wylie, President & CEO
T: +1.403.830.5811
E: data@voltlithium.com

Or

Greg Foofat, Vice President, Investor Relations
T: +1.587.888.5213
E: data@voltlithium.com

Ahead-Wanting Statements

This information launch consists of sure “forward-looking statements” and “forward-looking data” throughout the that means of relevant Canadian securities legal guidelines. When used on this information launch, the phrases “anticipate”, “consider”, “estimate”, “anticipate”, “goal”, “plan”, “forecast”, “might”, “would”, “might”, “schedule” and related phrases or expressions, establish forward-looking statements or data. Statements, aside from statements of historic reality, might represent ahead wanting data and embody, with out limitation, statements in regards to the Providing, the Concurrent Personal Placement and the submitting of the Prospectus Complement; the receipt of regulatory approvals for the Providing and the Concurrent Personal Placement; the usage of proceeds from the Providing and the Concurrent Personal Placement; the anticipated closing of the Providing and the Concurrent Personal Placement, together with the date thereof; and basic enterprise and financial circumstances. With respect to the forward-looking data contained on this information launch, the Firm has made quite a few assumptions. Whereas the Firm considers these assumptions to be cheap, these assumptions are inherently topic to vital uncertainties and contingencies and should show to be incorrect.

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Ahead-looking statements or data are essentially primarily based upon various estimates and assumptions that, whereas thought-about cheap, are topic to identified and unknown dangers, uncertainties, and different components which can trigger the precise outcomes and future occasions to vary materially from these expressed or implied by such forward-looking statements. Such components embody, however aren’t restricted to: the Firm’s skill to finish the Providing and the Concurrent Personal Placement on the phrases described herein or in any respect or to entry ample capital from inside and exterior sources, and/or lack of ability to entry ample capital on beneficial phrases; and the delay or failure to obtain regulatory or different approvals, together with the approval of the TSXV, for the Providing and the Concurrent Personal Placement. The meant use of the proceeds of the Providing and the Concurrent Personal Placement by the Firm would possibly change if the board of administrators of the Firm determines that it could be in the very best pursuits of the Firm. Many of those dangers and uncertainties and extra threat components typically relevant to the Firm are described within the Firm’s annual data type for the 12 months ended June 30, 2024 and the Shelf, which can be found below the Firm’s profile at www.sedarplus.ca

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All forward-looking data herein is certified in its entirety by this cautionary assertion, and the Firm disclaims any obligation to revise or replace any such forward-looking data or to publicly announce the results of any revisions to any of the forward-looking data contained herein to replicate future outcomes, occasions or developments, besides as required by legislation.

Neither the TSX Enterprise Alternate nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts accountability for the adequacy or accuracy of this information launch.

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