VOLT LITHIUM CORP. FILES PRELIMINARY SHORT FORM BASE SHELF PROSPECTUS
11 Julio 2023 - 6:53PM
Volt Lithium Corp. (TSX-V: VLT, OTCQB: VLTLF, FSE: I2D)
(“
Volt” or the “
Company”) is
pleased to announce it has filed and obtained a receipt for a
preliminary short form base shelf prospectus with the securities
regulatory authorities in each of the provinces of Canada, except
Québec.
Upon a (final) short form base shelf prospectus
(the “Prospectus”) becoming effective, these
filings, subject to securities regulatory requirements, will allow
the Company and certain of its securityholders to qualify the
distribution of up to C$100 million of common shares, preferred
shares, debt securities, warrants, subscription receipts, and
units, or any combination thereof (collectively, the
“Securities”) during the 25-month period that the
Prospectus is effective, in amounts, at prices and on terms based
on market conditions at the time of any offering, and set forth in
an accompanying shelf prospectus supplement (“Prospectus
Supplement”).
The filing of the Prospectus is intended to
provide the Company with financing flexibility and to have the
ability to react quickly to market opportunities for raising
additional capital by offering the Securities on an accelerated
basis pursuant to the filing of Prospectus Supplements to assist
with achieving the Company’s forecasted goal of commercial
production in the second half of 2024. Each Prospectus Supplement
will contain specific information concerning, among other matters,
the Securities to be issued and the use of proceeds from any such
issuance. There is no certainty that any Securities will be offered
or sold under the Prospectus and any Prospectus Supplement within
the 25-month period that it is effective.
A copy of the preliminary preliminary short form
base shelf prospectus can be found under Volt’s profile on SEDAR at
www.sedar.com.
This news release shall not constitute an offer
to sell or a solicitation of an offer to buy, nor shall there be
any sale of these Securities in any jurisdiction in which an offer,
solicitation or sale would be unlawful prior to registration or
qualifications under the securities laws of any such jurisdiction.
The Securities will not be offered, sold or delivered, directly or
indirectly within the United States, its possessions and other
areas subject to its jurisdiction or to, or for the account or for
the benefit of a U.S. person, except pursuant to a registration
under the United States Securities Act of 1933, as amended, or
applicable exemptions from the registration requirements.
About Volt
Volt is a lithium development and technology
company aiming to be North America’s first commercial producer of
LHM and lithium carbonates from oilfield brine. Our strategy is to
generate value for shareholders by leveraging management’s
hydrocarbon experience and existing infrastructure to extract
lithium deposits from existing wells, thereby reducing capital
costs, lowering risks and supporting the world’s clean energy
transition. With four differentiating pillars, and a proprietary
Direct Lithium Extraction (“DLE”) technology, Volt’s innovative
approach to development is focused on allowing the highest lithium
recoveries with lowest costs, positioning us well for future
commercialization. We are committed to operating efficiently and
with transparency across all areas of the business staying sharply
focused on creating long-term, sustainable shareholder value.
Investors and/or other interested parties may sign up for updates
about the Company’s continued progress on its website:
https://voltlithium.com/.
Contact Information
For Investor Relations inquiries or further
information, please contact:
Alex Wylie, President &
CEO awylie@voltlithium.com M:
+1.403.830.5811
Forward-Looking
Statements
This news release includes certain
“forward-looking statements” and “forward-looking information”
within the meaning of applicable Canadian securities laws. When
used in this news release, the words “anticipate”, “believe”,
“estimate”, expect”, “target”, “plan”, “forecast”, “may”, “would”,
“could”, “schedule” and similar words or expressions, identify
forward-looking statements or information. Statements, other than
statements of historical fact, may constitute forward-looking
information and include, without limitation, statements about an
anticipated offering of Securities under the Prospectus; the filing
of a Prospectus Supplement; the Company’s goal of commercial
production in the second half of 2024; the Prospectus aiding the
Company in future fundraising efforts; and the Company’s
strategy.
Such statements and information are based on the
current expectations of Volt’s management and are based on
assumptions, including but not limited to: the ability of the
Company to file and obtain a receipt for the Prospectus; the price
of copper, lithium and other metals; costs of exploration and
development; the estimated costs of development of exploration
projects; the ability to raise financing if and when needed; Volt’s
ability to operate in a safe and effective manner and its ability
to obtain financing on reasonable terms, that the geological,
metallurgical, engineering, financial and economic advice that the
Company has received is reliable and are based upon practices and
methodologies which are consistent with industry standards. While
the Company considers these assumptions to be reasonable, these
assumptions are inherently subject to significant uncertainties and
contingencies and may prove to be incorrect. Additionally, there
are known and unknown risk factors which could cause the Company’s
actual results, performance or achievements to be materially
different from any future results, performance or achievements
expressed or implied by the forward-looking information contained
herein. Known risk factors include, among others: fluctuations in
commodity prices and currency exchange rates; uncertainties
relating to interpretation of well results and the geology,
continuity and grade of mineral deposits; uncertainty of estimates
of capital and operating costs, recovery rates, production
estimates and estimated economic return; inability to obtain
regulatory approvals in a timely manner or at all; the need for
cooperation of government agencies in the exploration and
development of properties and the issuance of required permits; the
need to obtain additional financing to develop properties and
uncertainty as to the availability and terms of future financing;
the possibility of delay in exploration or development programs or
in construction projects and uncertainty of meeting anticipated
program milestones; uncertainty as to timely availability of
permits and other governmental approvals; increased costs and
restrictions on operations due to compliance with environmental and
other requirements; increased costs affecting the metals industry
and increased competition in the metals industry for properties,
qualified personnel, and management.
Readers are cautioned not to place undue
reliance on these forward-looking statements as a number of
important risk factors and future events could cause the actual
outcomes to differ materially from the beliefs, plans, objectives,
expectations, anticipations, estimates, assumptions and intentions
expressed in such forward-looking statements. All of the
forward-looking statements made in this news release are qualified
by these cautionary statements and those made in Volt’s other
filings with the applicable securities regulators of Canada. The
Company disclaims any obligation to revise or update any such
forward-looking information or to publicly announce the result of
any revisions to any of the forward-looking information contained
herein to reflect future results, events or developments, except as
required by law.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or
accuracy of this
news release.
Volt Lithium (TSXV:VLT)
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