Volt Lithium Proclaims Upsized $5.4 Million Marketed Public Providing of Models

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Not for distribution to U.S. newswire providers or for dissemination in the USA. Any failure to adjust to this restriction could represent a violation of U.S. securities regulation.

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, will probably be for as much as 17,500,000 items of the Firm (the “Models”) at a value of $0.31 per Unit (the “Providing Worth”) for combination gross proceeds to the Firm of as much as $5,400,000.

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Apart from the elevated variety of Models, all phrases of the Providing and the beforehand introduced personal placement of Models 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, difficulty the variety of dealer warrants equal to six% of the variety of Models 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 difficulty 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 Models bought thereunder. Every dealer warrant shall be exercisable for one Unit on the Providing Worth for a interval of 24 months following the completion of the Providing.

Closing of the Providing is anticipated 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 moderately (the “Closing Date”).

The Providing

The Models bought underneath the Providing are provided by means of: (i) a prospectus complement (the “Prospectus
Complement”) to Volt’s quick type base shelf prospectus dated July 20, 2023 (the “Shelf”), which Prospectus Complement will probably be filed with the securities commissions and different comparable regulatory authorities in every of the Provinces of Canada, aside from Quebec; (ii) in the USA or to or for the account or advantage of “U.S. individuals” as outlined by Regulation S underneath the USA Securities Act of 1933, as amended (the “U.S. Securities Act”), by means of personal placement pursuant to exemptions from registration supplied for underneath the U.S. Securities Act and the relevant securities legal guidelines of any state of the USA; and (iii) in jurisdictions outdoors of Canada and the USA as are agreed to by the Firm and Canaccord Genuity.

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Potential traders underneath the Providing ought to learn the Shelf, the Prospectus Complement, as soon as filed, and the paperwork included by reference therein earlier than investing resolution. Copies of the Shelf and the Prospectus Complement, following submitting thereof, are, or will probably 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 underneath the U.S. Securities Act, and will not be provided or bought in the USA or to, or for the account or advantage of, U.S. individuals absent U.S. registration or an relevant exemption from the U.S. registration necessities. This information launch shall not represent a proposal to promote or the solicitation of a proposal to purchase nor shall there be any sale of the securities in any State wherein such supply, solicitation or sale could be illegal.

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

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About Volt

Volt is a lithium growth and expertise firm aiming to be one in all 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 present infrastructure to extract lithium deposits from present 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”) expertise and course of, Volt’s progressive method to growth is concentrated on permitting the 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 could join updates in regards to the Firm’s continued progress on its web site: https://voltlithium.com/.

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Contact Info

For Investor Relations inquiries or additional info, please contact:

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

Or

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

Ahead-Wanting Statements

This information launch consists of sure “forward-looking statements” and “forward-looking info” 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”, “could”, “would”, “may”, “schedule” and comparable phrases or expressions, determine forward-looking statements or info. Statements, aside from statements of historic reality, could represent ahead wanting info 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 normal enterprise and financial situations. With respect to the forward-looking info 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 will show to be incorrect.

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Ahead-looking statements or info are essentially primarily based upon a variety of estimates and assumptions that, whereas thought of cheap, are topic to identified and unknown dangers, uncertainties, and different elements which can trigger the precise outcomes and future occasions to vary materially from these expressed or implied by such forward-looking statements. Such elements embody, however are usually not 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 enough capital from inside and exterior sources, and/or lack of ability to entry enough 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 may change if the board of administrators of the Firm determines that it might be in the perfect pursuits of the Firm. Many of those dangers and uncertainties and extra danger elements usually relevant to the Firm are described within the Firm’s annual info type for the yr ended June 30, 2024 and the Shelf, which can be found underneath the Firm’s profile at www.sedarplus.ca

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

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

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