Not for distribution to United States newswire services or for dissemination in the United States. CALGARY, Alberta, April 29, 2024 (GLOBE NEWSWIRE) -- Volt Lithium Corp. (TSXV:VLT, OTCQB:VLTLF) ("Volt" or the "Company") is pleased to announce a strategic investment of US$1,500,000 (the "Strategic Investment") by a company (the "Investor") with operations in the Delaware Basin in West Texas, USA, for the deployment of a field unit. This field unit will produce lithium hydroxide monohydrate using Volt's proprietary direct lithium extraction ("DLE") technology, building on the work done to date by Volt at the Company's permanent Demonstration Plant in Calgary, Alberta. "We are very pleased to be collaborating with this operator to deploy Volt's field unit in the Delaware Basin." commented Volt's President & CEO, Alex Wylie. "Volt has spent the past several months working with this operator to ensure the successful extraction of lithium from this operator's brine at our Demonstration Plant". The Strategic Investment The Strategic Investment is to be completed by way of a non-brokered, private placement (the "Private Placement") with the Investor. Under the Private Placement, 6,818,182 units of Volt ("Units") will be issued to the Investor at a price of US$0.22 per Unit for aggregate consideration of US$1,500,000 and is expected to close on or about May 1, 2024. Each Unit will consist of one common share in the capital of the Company (each, a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"), with each Warrant exercisable into one Common Share (a "Warrant Share") at a ...