Volt Lithium Corp. (TSX-V: VLT, OTCQB: VLTLF, FSE: I2D) (the
“
Company” or “
Volt”) is pleased
to announce the appointment of Lt. General (ret’d) Honourable
Andrew Leslie as Chair of the Company’s Board of Directors,
succeeding Mr. Warner Uhl, who will continue as a Director of the
Company. With a diverse leadership background across military,
business and government, Lt. General Leslie brings high integrity
and strong corporate governance capabilities to his new role as
Board Chair.
“We are very pleased to have Lt. General Leslie
assume the role of Board Chair, as his insights, connections and
business acumen have been truly invaluable as a member of Volt’s
Board of Directors, and we look forward to further leveraging his
contributions as Board Chair,” said Alex Wylie, CEO of Volt. “We
also wish to thank Warner for his valued tenure serving as Chair of
the Company’s Board and look forward to his continued active
participation as a Director.”
General Andrew Leslie boasts a diverse career
spanning roles as a soldier, business leader, Federal
Parliamentarian, Chief Government Whip, and board of director
across corporate, charitable, and government organizations.
Notably, he served as the Commander/CEO of the Canadian Army for
four years during the latest Afghan War, capping his Canadian Armed
Forces journey. With international experience in peacekeeping and
war through UN and NATO missions, he earned numerous Canadian and
international awards.
Transitioning to the corporate sphere, he became
a senior Vice President at a major Canadian corporation. His
education includes degrees from the University of Ottawa
(Economics), the Royal Military College (MA/Strategic Studies), and
the University of London (U.K.). He also completed executive
courses at Harvard Business School, Canadian Forces Colleges, and
the Rotman School of Management's Institute of Directors Education
program. General Leslie's extensive military training encompasses
leadership, governance, ethics, strategy, tactics, equipment
acquisition, and risk management. In 2021, he received an honorary
Doctorate from the Royal Military College. Currently residing in
Ottawa, he is bilingual in English and French.
Stock Option Grant
Volt also announces today that the Company has
granted an aggregate of 3,855,000 stock options (the
"Options") to certain directors, officers and
consultants (the "Option Recipients") to purchase
3,855,000 common shares (the "Shares") in the
capital of the Company pursuant to the Company's stock option plan
(the "Option Plan"). The Options, which vest
immediately, are exercisable at a price of $0.30 per Share for a
period of four years from the date of grant, expiring on September
5, 2027.
These grants represent compensation to the
Option Recipients for their respective service to the Company and
as an incentive mechanism to foster and align the interest of such
persons in the long-term success of Volt.
About Volt
Volt is a lithium development and technology
company aiming to be North America’s first commercial producer of
lithium hydroxide 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 at www.voltlithium.com.
Contact Information
For Investor Relations inquiries or further
information, please contact:
Alex WyliePresident and CEOM: +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, the Company’s
obligation to maintain the mineral claims that comprise the
Stateline Agreement in good standing for a period of two years.
Forward-looking statements and forward-looking information also
include any statements relating to future lithium production,
liquidity, enhanced value and capital markets profile of Volt,
future growth potential for Volt and its business, and future
exploration plans. With respect to the forward-looking information
contained in this news release, the Company has made numerous
assumptions regarding, among other things, the price of lithium and
other metals; no escalation in the severity of the COVID-19
pandemic; costs of exploration and development; the estimated costs
of development of exploration projects; 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; 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. All
forward-looking information herein is qualified in its entirety by
this cautionary statement, and 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.
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