Extremely optimistic about technology potential to unlock unconventional lithium brines across the...

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April 11, 2017 Report #10 Lithium in Utah, USA Extremely optimistic about technology potential to unlock unconventional lithium brines across the globe making them economically feasible Today, Voltaic Minerals Corp. reported that its technology partner, Lithium Selective Technolo-gies Inc. (”LiST”), has started testing brine solutions to selectively extract lithium. An artificial brine has been produced which is similar in nature to the historic brine composition of Voltaic´s Green Energy Project in Utah, USA. LiST expects to issue a Phase-1 Process Development Report detailing results approximately 90 days from the commencement date. This synthetic mixture will be used to determine preliminary costs to select- ively extract the lithium from brines similar to the Green Energy Project. The stated objective is an operating cost comparable to other lithium carbonate brine projects, especially from South America. Simultaneous to this work, Voltaic targets a brine bulk sampling program from existing wells in order to test the Selective Lithium Extraction Process with actual brine samples around the Green Energy Property. According to today´s press-release, LiST´s 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”. Company Details Voltaic Minerals Corp. Suite 1450 - 789 West Pender Street Vancouver, BC, V6C 1H2 Kanada Telefon: +1 604 681 1568 Email: [email protected] Web: www.voltaicminerals.com Shares in the market: 60,643,801 Canada Symbol: VLT Current Price: $0.115 CAD (04/10/2017) Market Capitalization: $7 million CAD Germany Symbol/ WKN: 2P61 / A2AG5Q Current Price: €0.087 EUR (04/11/2017) Market Capitalization: €5 million EUR Chart Canada ( TSX.V) Chart Germany ( Tradegate)

Transcript of Extremely optimistic about technology potential to unlock unconventional lithium brines across the...

April 11, 2017

Report #10Lithium in Utah, USA

Extremely optimistic about technology potential to unlock unconventional lithium brines across the globe making them economically feasibleToday, Voltaic Minerals Corp. reportedthat its technology partner, Lithium Selective Technolo-gies Inc. (”LiST”), has started testing brine solutions to selectively extract lithium.

An artificial brine has been produced which is similar in nature to the historic brine composition of Voltaic´s Green Energy Project in Utah, USA.

LiST expects to issue a Phase-1 Process Development Report detailing results approximately 90 days from the commencement date.

This synthetic mixture will be used to determine preliminary costs to select-ively extract the lithium from brines similar to the Green Energy Project.

The stated objective is an operating cost comparable to other lithium carbonate brine projects, especially from South America.

Simultaneous to this work, Voltaic targets a brine bulk sampling program from existing wells in order to test the Selective Lithium Extraction Process with actual brine samples around the Green Energy Property.

According to today´s press-release, LiST´s 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”.

Company Details

Voltaic Minerals Corp. Suite 1450 - 789 West Pender StreetVancouver, BC, V6C 1H2 Kanada Telefon: +1 604 681 1568Email: [email protected]: www.voltaicminerals.com

Shares in the market: 60,643,801

Canada Symbol: VLT Current Price: $0.115 CAD (04/10/2017)Market Capitalization: $7 million CAD

Germany Symbol/ WKN: 2P61 / A2AG5QCurrent Price: €0.087 EUR (04/11/2017)Market Capitalization: €5 million EUR

Chart Canada (TSX.V)

Chart Germany (Tradegate)

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Tom Currin, Voltaic´s Project Manager, commented today:

“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.”

With over 35 years of chemical engineering experience in the lithium and specialty chemicals industry, Mr. Currin has an extensive background in process development and project management implementation. He has worldwide experience in lithium extraction having managed projects in Chile, Peru, Mexico, Canada and the US. He spent 15 years with FMC Corp.’s (NYSE: FMC; market cap.: $10 billion USD) lithium division, where his last position was Division Production Coordinator.

2 weeks ago on March 27, Voltaic reported the engagement of Stormcrow Capital Ltd. in order to provide Voltaic with independent technical analysis and advice relating directly to the development of the lithium selective extraction process, as well as to provide the company strategic introductions relating to financing and partnerships for the Green Energy Lithium Project in Utah as well as the lithium selective extraction process. Dr. Jon Hykawy, President of Stormcrow, said:

“As global demand for lithium continues to increase, and the desire for battery-pack cost reductions continues to grow, the need for sufficient, inexpensive supplies of commodities such as lithium has never been more obvious. Batteries are not electronics and as such the cost of batteries is ultimately going to be dependent on the cost of the raw materials that go into them. We are thrilled to be working with Voltaic Minerals Corp., which holds the promise of an inexpensive new source of lithium supply from unconventional brines.”

In November 2016, Hykawy provided the following statement:

“Almost every major lithium exploration initiative in the world today depends on the same, old types of resources, from the same regions, using the same old types of extraction technologies. For example, there are a horde of companies looking at extracting brine from dry salt lakes in the Andean altiplano in South America, or from the playa in Nevada. And there are a horde of companies examining the mining of low-grade spodumene ore in Australia, and elsewhere, so that it can be leached with acids to produce lithium.

What Voltaic is doing, which combines potentially high-grade oilfield brines with new processing technology that bypasses evaporation, is very interesting. Not only does this potentially use unconventional sources of lithium, it might allow the industry to diversify the regions from which lithium is produced. And these oilfield brines are abundantly available. Yes, it’s early days, but this is a really high-value path for exploration and research.”

With a current market capitalization of $7 million CAD, Voltaic stands before a major milestone that promises to radically change the lithium industry on a global scale as there exist vast quantities of unconventional lithium brine sources which are not economically feasible as of today. Having engaged reputable Stormcrow Capital as an independent partner will provide

transparency that may convince the market once results have been published and confirmed independently.

Phase-1Available data from historic oil and gas production wells around the Green Energy Property in Utah are taken in order to re-produce such brines with the exact same compositions. These representative synthetic mixtures will be used to determine preliminary costs to selectively extract the lithium from such brines. The stated objective is an operating cost comparable to other lithium carbonate brine projects.

Simultaneous to this work, Voltaic targets a brine bulk sampling program from existing wells in order to test the Selective Lithium Extraction Process with actual, recent brine samples around the Green Energy Property.

Phase-2Upon the successful completion of Phase-1, the next phase will aim to optimize the capability of the Selective Lithium Process for the Green Energy Project.

At the same time, other brines and lithium feed stocks could be tested that would be ideal for the process. The goal of Phase-2 is to identify ideal brine metallurgy for the process and obtain a consistent source of supply for the development of Phase-3.

Phase-3If Voltaic is satisfied with the results of Phase-2, the next phase may involve

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the construction and demonstrations of a 20 gallon (76 liter) per minute pilot unit designed to test lithium bearing solution and confirm operating costs of a commercial system. Demonstration of the unit using brine from, but not limited to, the Green Energy Project will be carried out for further confirmation giving Voltaic the ability to source brines globally.

Each one of the 3 phases is expected to last about 90 days. Rockstone now expects an increased newsflow from Voltaic.

The following images, including the cover picture on the first page, were captured during a recent site visit of the Green Energy Property and existing current and historic oil and gas production wells which may get sampled during the ongoing Phase-1.

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Disclaimer and Information on Forward Looking Statements:All statements in this report, other than statements of historical fact should be con-sidered forward-looking statements. Much of this report is comprised of statements of projection. Statements in this report that are forward looking include that Voltaic Minerals Corp. or any other company or market will perform as expected; that Voltaic will receive results within 90 days; that the company will continue to develop the project with its “partner”; that Voltaic Minerals Corp. or its partner(s) can and will continue collabor-ating; that the company can raise sufficient funds for a transaction, developments and corporate matters; that any of the mentioned plans, comparisons with other companies, regions or numbers are valid or economic. Such statements involve known and un-known risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in these forward-looking statements. Risks and uncertainties respecting gold and resource companies are generally disclosed in the annual financial or other filing documents of Voltaic Minerals Corp. and similar companies as filed with the relevant securities commis-sions, and should be reviewed by any reader of this report. In addition, with respect to Vol-taic Minerals Corp., a number of risks relate to any statement of projection or forward state-ments, including among other risks: the re-ceipt of all necessary approvals and permits; the ability to conclude a transaction to start or continue exploration; uncertainty of future market regulations, capital expenditures and other costs; financings and additional capital requirements for exploration, development, construction, and operating of a facility; the receipt in a timely fashion of further per-mitting for its legislative, political, social or economic developments in the jurisdictions in which Voltaic Minerals Corp. carries on business; operating or technical difficulties in connection with production or development activities; the ability to keep key employees, joint-venture partner(s), and operations financed. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Rockstone and the author of this report do not undertake any obligation to update any statements made in this report.

Disclosure of Interest and Advisory Cautions: Nothing in this report should be construed as a solicitation to buy or sell any securities mentioned. Rockstone, its owners and the author of this report are not registered broker-dealers or financial advisors. Before investing in any securities, you should consult with your financial advisor and a registered broker-dealer. Never make an investment based solely on what you read in an online or printed report, including Rockstone’s report, especially if the investment involves a small, thinly-traded company that isn’t well known. The author of this report is paid by Zimtu Capital Corp., a TSX Venture Exchange listed investment company. Part of the author’s responsibilities at Zimtu Capital Corp. is to research and report on companies in which Zimtu Capital Corp. has an investment. So while the author of this report is not paid directly by Voltaic Minerals Corp., the author’s employer Zimtu Capital Corp. will benefit from appreciation of Voltaic Minerals Corp.’s stock price. The author also own shares of Voltaic Minerals Corp., as well as shares of Zimtu Capital Corp., and thus would also benefit from volume and price appreciation of its stocks. Hence, multiple conflicts of interests exist. Therefore, the information provided herewithin should not be construed as a financial analysis or recommendation but as advertisement. The author’s views and opinions regarding the companies featured in reports are his own views and are based on information that he has researched independently and has received, which the author assumes to be reliable. Rockstone and the author of this report do not guarantee the accuracy, completeness, or usefulness of any content of this report, nor its fitness for any particular purpose. Voltaic Minerals Corp. has not reviewed the content of this report prior to publication. Lastly, the author does not guarantee that any of the companies mentioned in the reports will perform as expected, and any comparisons made to other companies may not be valid or come into effect. Please read the entire Disclaimer carefully. If you do not agree to all of the Disclaimer, do not access this website or any of its pages including this report in form of a PDF. By using this website and/or report, and whether or not you actually read the Disclaimer, you are deemed to have accepted it. Information provided is educational and general in nature.

Analyst Profile & Contact

Stephan Bogner (Dipl. Kfm. FH)Mining Analyst Rockstone Research 8050 Zurich, [email protected]

Stephan Bogner studied at the International School of Management (Dortmund, Germany), the European Business School (London)

and the University of Queensland (Brisbane, Australia). Under supervision of Prof. Dr. Hans J. Bocker, Stephan completed his diploma thesis (“Gold In A Macroeconomic Context With Special Consideration Of The Price Formation Process”) in 2002. A year later, he marketed and translated into German Ferdinand Lips‘ bestseller („Gold Wars“). After working in Dubai for 5 years, he now lives in Switzerland and is the CEO of Elementum International AG specialized in duty-free storage of gold and silver bullion in a high-security vaulting facility within the St. Gotthard Mountain Massif in central Switzerland.

Rockstone is a research house specialized in capital markets and publicly listed companies. The focus is set on exploration, development, and production of resource deposits. Through the publication of general geological basic knowledge, the individual research reports receive a background in order for the reader to be inspired to conduct further due diligence. All research from our house is being made accessible to private and institutional investors free of charge, whereas it is always to be construed as non-binding educational research and is addressed solely to a readership that is knowledgeable about the risks, experienced with stock markets, and acting on one’s own responsibility.

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