Volt Lithium and Wellspring Hydro Enter Into a Field Study Agreement Backed by a Grant from the State of North Dakota to Extract Lithium from Bakken Oilfield Brine
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Volt Lithium Corp. has entered into a field study agreement with Wellspring Hydro to test its direct lithium extraction technology in North Dakota's Bakken formation. The project is backed by a grant from the State of North Dakota, with initial funding of $500,000 and potential additional funding of up to $2,000,000 in early 2025. This initiative aims to enhance North America's critical mineral security and support the energy and manufacturing sectors.
December 10, 2024 | 8:30 am
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Volt Lithium Corp. is testing its direct lithium extraction technology in North Dakota, supported by state funding. This could enhance the company's position in the critical minerals sector.
The agreement with Wellspring Hydro and the backing by the State of North Dakota provide significant support for Volt Lithium's technology. Successful testing could position the company as a key player in the critical minerals sector, potentially boosting its stock price.
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