VANCOUVER, British Columbia, June 20, 2017 (GLOBE NEWSWIRE) — Volt Energy Corp. (“VOLT” or the “Company”) (TSXV:VOLT) (Frankfurt:A1S.F) (OTC:ABETF) is pleased to announce the commencement of a reconnaissance program aimed at identifying and securing high priority Vanadium assets in Central Asia. Historically, Central Asia has been host to various strategic deposits of Vanadium. Specifically, Vanadium has been found in Kyrgyzstan in the Tien Shan mountain ranges and in Kazakhstan where it was mined during the Soviet era. Vanadium is a strategic mineral for which demand has been rising sharply as it is increasingly being used in battery and grid storage applications for a variety of companies such as TESLA and Apple. VOLT believes that adding select Vanadium assets to its portfolio of recently acquired Cobalt and Lithium projects will further enhance its energy metals strategy.
To spearhead the identification of prospective Vanadium assets in Central Asia for the purpose of acquisition and development by VOLT, the Company is pleased to announce that it has hired Mrs. Svetlana Moldokulova, a Kyrgyzstan based Professional Engineer who has extensive contacts in Central Asia, specifically in Kazakhstan, Uzbekistan and Kyrgyzstan. She is a seasoned professional with over 25 years of experience in her field. Svetlana has held senior leadership positions within the Kyrgyzstan Government Ministry and has been working successfully in the private sector for the past 15 years. The Vanadium reconnaissance program is currently underway with potential target licenses initially being investigated in Kyrgyzstan and Kazakhstan.
“As VOLT continues the diversification strategy of its energy portfolio to include energy metals, management believes that gaining exposure to Vanadium is important as it has been gaining momentum as an important element in battery storage. Vanadium has been demonstrated as a highly suitable candidate for rechargeable flow batteries which undergo different oxidation states,” stated Lew Dillman, CEO of VOLT Energy. He continued, “As the market continues to seek the most efficient storage and resupply solutions for the renewable energy space, VOLT plans to build a robust and diversified portfolio of energy options to meet the needs of the ongoing energy revolution.”
About the Company
Volt Energy Corp. is an energy company that currently has stable oil production through operations in southeastern Saskatchewan. The Company is focused on adding, creating and increasing value through the acquisition, development, and production of conventional oil and gas assets as well as alternative energy sources such as cobalt and lithium, particularly in North America.
For additional information on Volt Energy Corp., contact David Parry at 604 889 2188.
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