Volt Lithium Corp

Volt Lithium Corp

Allied Copper Corp. Undergoes Transformation: Name Change, New Director, and Voluntary Lock-up Agreements

Allied Copper Corp. (TSX-V: CPR, OTCQB: CPRRF), an exploration company focused on the booming battery-metals sector, announced significant changes to its structure and leadership in March 2023. The company seeks to transform its identity, expand its board, and secure voluntary lock-up agreements with former Volt shareholders.

Company Overview

Allied Copper is strategically positioned to exploit growth opportunities in the battery-metals sector. Its primary goal is to acquire and develop low-cost assets with high growth potential, supporting the global energy transition. The company operates efficiently and transparently, focusing on creating long-term, sustainable shareholder value.

Proposed Name Change to Volt Lithium Corp.

Allied Copper plans to change its name to Volt Lithium Corp., reflecting its focus on lithium-brine operations in Alberta. The company will also transition from the jurisdiction of Ontario to Alberta under the Business Corporations Act.

Subsidiary: Volt Lithium Corp.

Volt Lithium Corp. is a lithium development and technology company aiming to be North America's first commercial producer of lithium hydroxide and lithium carbonates from oilfield brine. Key highlights include:

430,000 acres of permitted land in Rainbow Lake, Alberta

Robust lithium reservoir with an estimated 99.0 billion barrels of lithium-infused brine (concentrations up to 121 mg/L)

Proprietary Direct Lithium Extraction (DLE) technology providing leading lithium recoveries of up to 90% with low costs

Partnership with an established oil & gas producer owning $100MM of infrastructure and a chemical company partner with lithium extraction expertise

Commercial production expected in the second half of 2024

Listed: TSX-V: VLT, OTCQB: VLTLF, FSE: I2D

New Director Appointment

Maury Dumba, P.Eng, joins Allied's board of directors, bringing 34 years of industry experience in oil and gas. His expertise will be invaluable as Volt progresses into pilot production in Q2 2023.

Voluntary Lock-up Agreements

The company has entered into voluntary lock-up agreements with former Volt shareholders, representing 33,984,000 Allied shares. These shares will be released in four stages between July 2023 and July 2024.

Investor Relations Agreements

Allied partnered with C. Fleck and Associates (K.E. Report) to provide investment-focused radio shows, podcasts, and webinars. The agreement includes a bi-annual payment of $12,000 to K.E. Report.

These strategic moves aim to align Allied Copper Corp.'s identity and structure with its lithium-brine focus, bolster its leadership, and foster a stable shareholder environment. The proposed changes are subject to shareholder approval and TSX Venture Exchange clearance.

Corporate Presentation