Alex Wylie, President and CEO of Volt Lithium (TSX.V:VLT – OTCQB: VLTLF) joins me for a detailed update on the company’s operational progress and commercialization plans.
Volt Lithium is pioneering direct lithium extraction (DLE) from oilfield brines, targeting the massive water disposal volumes in North America’s largest oil basins. In this interview, Alex outlines where the company is focused, how it’s scaling, and when we can expect revenue.
Key topics discussed:
- Operational focus in Texas: 19 million barrels of water are disposed of daily in the Permian, rich with lithium potential.
- North Dakota updates: Field trial ongoing and a $2M government grant secured to support testing.
- Rapid scale-up: From 1,000 bpd in mid-2024 to 11,500 bpd capacity as of Q1 2025, using a modular system approach.
- Execution over expansion: Volt is focused on proving consistent, continuous lithium production to meet industrial demand in 2026.
- Capital position: $6.5M raised in late 2024 and a $2M grant, Volt is fully funded for current execution needs.
- Path to market: Volt aims to fill the U.S. industrial lithium supply gap ahead of 2028/2029 timelines touted by other developers.
Alex also addresses how Volt works with its oilfield partners, how the company plans to monetize its lithium, and what milestones investors can look out for next