Climate Change Data

Environmental Metrics

ESG Focus Areas

• ESG-friendly jurisdictions
• Sustainable value for shareholders
• Battery metals

Governance Achievements

• Appointed Lt. General (ret’d) Honourable Andrew Leslie to its board of directors

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability
• Resource Efficiency

Environmental Achievements

• Successfully produced 99.5% battery-grade lithium carbonate using a proprietary direct lithium extraction (DLE) technology, reducing the environmental impact compared to traditional methods.

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental impact
• Community engagement
• Indigenous relations
• Governance policies

Environmental Achievements

• Minimal environmental impact throughout extraction process, with limited reagent use and reduced surface impact from leveraging existing infrastructure
• No need to source freshwater
• Ability to reuse absorbent, which has demonstrated a long-life with high ultimate recoveries

Social Achievements

• Ongoing collaboration with the Dene Tha’ First Nation supports the advancement of Rainbow Lake Project
• Partnerships with oil and gas operators affords ability to leverage existing community engagement, Indigenous relations and employee training programs

Governance Achievements

• Ongoing implementation of strong governance policies and mandates
• Goal to uphold best-practice corporate and ESG accountability

Climate Goals & Targets

Environmental Challenges

• Unexpected problems can arise due to technical difficulties and operational difficulties which impact the production, transport or sale of its products
• The economics of Volt’s projects and operations may not be proven on a commercial scale or at all
• Geographic and weather conditions can impact the production, transport or sale of its products
• The risk that current global economic and credit conditions may impact commodity prices and consumption more than Volt currently predicts
• The risk that unexpected delays and difficulties in developing currently owned properties or the properties of its partners may occur
• The failure of the Company’s technology to result in commercial projects
• Unexpected delays due to the limited availability of equipment, technology and personnel

Mitigation Strategies

• Leveraging E&P Producer Partners
• Mitigates risk, reduces capital requirements, and generates value from brines that are typically cost-centers
• Collaborating with established operator in the Permian Basin (Delaware Basin) to deploy Volt’s first field unit
• Reduced operating costs by 64% in Q1 2024, bringing all-in extraction costs below US$2,900 per tonne LCE

Supply Chain Management

Climate-Related Risks & Opportunities