Volt Lithium Corp. (V:VLT)
Business Focus: Specialty Mining & Metals (NEC)
| Sector: Basic Materials | Industry: Specialty Mining & Metals |
| Company Contact | |
| Address: | 639 - 5th Avenue SW, Suite 1925 CALGARY AB T2P 0M9 |
| Tel: | N/A |
| Website: | https://voltlithium.com |
| IR: | See website |
| Key People | ||
| Alex Wylie President, Director | Kyle Hookey Chief Executive Officer, Director | Morgan Tiernan Chief Financial Officer |
| Business Overview |
| Volt Lithium Corp. is a Canada-based lithium development and technology company. The Company focuses on being a commercial producer of lithium hydroxide and lithium carbonates from oilfield brine. It focuses on leveraging its direct lithium extraction (DLE) technology to extract lithium deposits from established wells, supporting the clean energy transition. The Company is developing its lithium project in the area of Rainbow Lake, in Northwest Alberta (the Rainbow Lake Lithium Project). The Rainbow Lake Property is in northwest Alberta and is defined by 20 contiguous Alberta Metallic and Industrial Mineral Permits (173,990 hectares) of which the Company has 100% mineral interest ownership. It holds a non-core portfolio of copper assets, providing the Company with additional diversification across the battery metals landscape. Its copper assets include Silver King Property and Stateline Property. |
| Financial Overview |
| For the six months ended 31 December 2023, Volt Lithium Corp revenues was not reported. Net loss increased from C$1.3M to C$3.6M. Higher net loss reflects Research and development increase from C$48K to C$831K (expense), Consulting Fees increase from C$534K to C$1.1M (expense), Recovery of expenses - consulting fees decrease from C$270K (income) to C$0K. Basic Earnings per Share excluding Extraordinary Items decreased from -C$0.02 to -C$0.03. |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $33.06M as of Dec 31, 2023 |
| Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
| EBITDA (TTM): | -$6.82M as of Dec 31, 2023 |
| Net annual income (TTM): | -$9.53M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$6.75M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 130,499,158 as of Apr 15, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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