Vancouver, BC (FSCwire) - Voltaic Minerals Corp. (TSXV: VLT, FSE: 2P6) (the “Company” or “Voltaic”) announces that a key condition precedent to entering into a 50/50 joint venture agreement with Equitorial Exploration Corp. (TSX: EXX) (“Equitorial”) for the Green Energy Project in Utah has not been fulfilled, and the joint venture agreement has been terminated. The agreement was announced in a Voltaic news release dated January 27, 2017.
As disclosed in our January 27, 2017 news release, Voltaic is working to finalize an exclusive right to use a lithium from brine extraction process for the Company’s Green Energy Lithium Project in Utah. The process is still in the developmental stage. To date, Voltaic has been working to sign the definitive agreement with the inventors of the process, but some important points have not been agreed upon. However, Voltaic is still negotiating with the inventors and believes that an agreement permitting Voltaic to use the process is still very much achievable.
About Voltaic Minerals Corp.
Voltaic Minerals Corp. is a Vancouver-based Lithium exploration company which owns 100% of the Green Energy Lithium Property that encompasses 4,160 acres of Bureau of Land Management (BLM) claims and is located in Grand County, 15 km west of the city of Moab, Utah. Lithium and other minerals occur at the property in an over-saturated brine (40% minerals, 60% water) discovered during oil exploration when drill wells intercepted Clastic Bed #14 of the Paradox formation.
