Volt Lithium Corp. today announced that it has scaled-up its U.S. field operations (the Generation 4 Field Unit) in #Texas to process over 2,500 barrels per day of lithium-infused oilfield brine from the Permian Basin. This unit is one of the industry’s largest operational direct lithium extraction field units in the market. The Generation 5 Field Unit, which is expected to be commissioned in January 2025, will process up to 10,000 barrels per day. To date, Volt has completed over 200 operational runs in the field since commencing operations and achieving first lithium production in September 2024. To learn more, click here: https://bit.ly/41GOzE6 #scaleup #operationalmilestone #DLE #lithium
3L Capital
Investment Banking
Toronto, Ontario 1,994 followers
Expanding Boundaries, Exploring New Frontiers
About us
We find game changers that are going to disrupt industries. We discover best-in-class entrepreneurial opportunities to finance. And we bring them together and to the market with precision. Our mission is to connect investors with best-in-class companies & leaders that align with the same morals and values as our own. Leading with integrity, honesty, and a deep desire to create value for investors, companies, and stakeholders ahead of ourselves.
- Website
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https://3l-capital.com/
External link for 3L Capital
- Industry
- Investment Banking
- Company size
- 2-10 employees
- Headquarters
- Toronto, Ontario
- Type
- Privately Held
- Specialties
- Equity and Debt Capital, Private Placements, Public Listings, Reverse Takeovers (RTOs), Stock and mutual fund valuation, Merger & Acquisitions, and Advisory & Consulting Services
Locations
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Primary
Toronto, Ontario M5H 1J9, CA
Employees at 3L Capital
Updates
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Heliostar Metals Ltd today announced plans to restart #mining operations at its newly acquired La Colorada #gold mine in #Mexico. Mining is expected to start at the Junkyard Stockpile, a focus of recent work programs, with crushing and stacking (which has been paused since September 2023) to follow in early 2025. The planned restart would initially augment and then replace the current gold production from residual leaching at the mine. Read the full announcement here: https://bit.ly/3Bd2PcU #miningnews #restart #production
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Volt Lithium Corp. has signed a field study agreement with Wellspring Hydro, a developer of industrial chemicals from oilfield brine, to deploy and test VLT’s proprietary DLE technology field unit in North Dakota. In support of this agreement, the State of North Dakota, has provided a US$500,000 grant to VLT to secure equipment and conduct testing, with the aim of determining the viability of Volt’s DLE technology for field operations in North Dakota. Volt will apply for up to an additional US$2,000,000 in funding for the field study in early 2025. To learn more click here: https://bit.ly/4fb9RN7 #DLE #lithiumtechnology #innovation #grant #growth
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Gold producer Heliostar Metals Ltd today announced drill results from its 2024 program returning 16.0 g/t #gold over 87.8 metres, including 71.8 g/t gold over 16.1 metres within the High Grade Panel at its Ana Paula project in #Mexico. The focus of the current Phase One 2,600-metre program is to expand this High Grade Panel and convert inferred resources to measured and indicated. Another 2,400 metres of #drilling is planned to follow up on the best results returned from the first phase of drilling. “These holes grow the High Grade Panel to the north and down-dip, increase resource confidence and locally improve gold grades compared to the resource model,” commented Charles Funk, CEO of Heliostar. “The current drilling program is defining the boundaries of the High Grade Panel and is attempting to convert inferred mineralization into the higher confidence indicated and measured categories.” To read more, click here: https://bit.ly/3ZgjlAD #miningnews #exploration #goldresults #growth
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Today Volt Lithium Corp. announced the successful closing of its ~$6.2 million financing. The company plans to use net proceeds from this raise to develop its direct #lithium extraction #technology, improve operating efficiencies and continue the scale-up of operations at its field unit in the Delaware Basin in #Texas. 3L Capital is proud to have acted as an Advisor for Volt Lithium in the placement. Congratulations to the Volt Lithium Team! For more information, click here: https://bit.ly/3CDOR3Z #investingnews #DLE #growth
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Liberty Gold Corp. (TSX:LGD; OTCQX:LGDTF) has announced results from field sampling at the company’s Goldstrike oxide #gold project in #Utah. The program was conducted at the Antimony Ridge #discovery part of the Goldstrike project and confirmed high-grade antimony and gold mineralization at surface, including assays up to 5.7% antimony and 3.9 g/t gold. A follow-up detailed surface sampling and mapping program has begun to better define key target areas with drill testing expected to take place in 2025. To read the full release click here: https://bit.ly/3Cyqogs #exploration #miningnews
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Today, new #gold producer Heliostar Metals Ltd announced production and cost guidance for their newly acquired San Agustin and La Colorada mines in #Mexico. Between July and December of this year, the company expects to produce between 19,350 and 19,750 ounces of gold, or 20,000 and 20,250 ounces on a gold equivalent basis. Heliostar also provided cash cost and AISC guidance of US$1,500 - US$1,600 per gold ounce and US$1,650 - US$1,750 per gold ounce, respectively. The US$5M acquisition of Florida Canyon Gold’s Mexican Assets was announced in July 2024 (formerly listed as Argonaut Gold). Less than two quarters since this announcement, Heliostar has transformed into a cash flow positive gold producer with a portfolio of projects with significant resource growth potential. The company plans to re-invest cash generated by the mines to expand production and grow its resource base. To read the full announcement click here: https://bit.ly/3CExqjy #miningnews #production #growth
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3L Capital’s Mark Souvenir, MBA, Steven Therrien and Kimberly MacIntyre will be attending this week’s 121 Mining Investment conference in #London, UK. Connect with us at the world’s premier independent mineral #investment conference focused on explorers, developers and miners November 14-15, 2024. #miningconference #networking #gold #silver
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Copper explorer Coppernico Metals today announced assay results from the first five holes drilled at its Sombrero Project in #Peru. Notable intercepts from this phase of drilling included 19 metres of 0.50% #copper and 27 metres of 0.21% copper, drilled at the Hojota target. Coppernico has also reported that it will apply for permits to increase the drilling capacity at the Sombrero Project increasing the number of allowable drill holes from 49 to approximately 200. To read the full announcement, click here: https://bit.ly/3CmOafg #miningnews #drilling #exploration #growth
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Volt Lithium Corp. recently announced operational capacity improvements, reducing direct lithium extraction processing times on its Generation 3 field unit in West #Texas, demonstrating cycle times consistently under 30 minutes, representing a four times improvement. This success gives the company confidence that it will be able to reach the goal of continuous automated commercial #production by the end of 2024. To read more, visit: https://bit.ly/3AxsTyX #lithium #DLE #extractiontechnology #growth