Vancouver, BC (FSCwire) - Voltaic Minerals Corp. (TSXV: VLT, FSE: 2P61) (the “Company” or “Voltaic”) is pleased to announce that Lithium Selective Technologies, Inc. (”LiST”) has begun testing brine solutions at their facility in Northern California. The Company has engaged LiST on an interim basis in order to obtain sufficient technical data to be able to negotiate a definitive production and use agreement.
Lithium Selective Technologies, Inc. technical team has over 85 years of combined Lithium processing experience and is extremely optimistic about the potential that the process can unlock non-conventional brines across the globe making them economically feasible. LiST is currently using an artificial brine that is similar in nature to the Green Energy historic fluid analysis. LiST expects to issue a Phase I Process Development Report detailing results approximately 90 days from the commencement date.
Tom Currin, Voltaic Project Manager states, “we are extremely pleased with the progress so far and expect results to be published at the end of Phase I. If successful, this process could create value from known resources in the US and globally. The company is incorporating selective techniques used commercially in mineral extraction and water treatment in a novel fashion to achieve a result not yet seen in the Lithium process sector.”
Definitive Agreement Update.
Under the exclusivity agreement, both LiST and Voltaic are waiting for additional technical data to be able to finalize a definitive agreement to utilize the process worldwide on non-conventional brines.
About Voltaic Minerals Corp.
Voltaic Minerals Corp. is a Vancouver-based Lithium exploration company which owns 100% of the Green Energy Lithium Project that encompasses 4,160 acres of Bureau of Land Management (BLM) claims and is in Grand County, 15 km west of the city of Moab, Utah. Lithium and other minerals occur at the property in an over-saturated brine (40% minerals, 60% water) discovered during historic oil exploration when drill wells intercepted Clastic Bed #14 of the Paradox formation.
ON BEHALF OF THE BOARD
VOLTAIC MINERALS CORP.
President and CEO
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 release.
This news release contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward looking statements in this release include that the Lithium extraction process will be cost effective and can work globally; that the process can be commercialized; that the process will produce Lithium Chloride brine suitable for production; that we will agree to definitive agreements and that all phases of development will be implemented. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include that the Company and Lithium Selective Technologies may not agree on the final agreement terms, aspects or all of the process development may not be successful, the process may not be cost effective, the Company may not raise sufficient funds to carry out our plans, changing costs for mining and processing; increased capital costs; the timing and content of upcoming work programs; geological interpretations based on current data that may change with more detailed information; potential process methods and mineral recoveries assumption based on limited test work and by comparison to what are considered analogous deposits that with further test work may not be comparable; the availability of labour, equipment and markets for the products produced; and despite the current expected viability of the project, that the minerals on our property cannot be economically mined, or that the required permits to build and operate the envisaged mine cannot be obtained. The forward-looking information contained herein is given as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.