Volt Lithium Corp (OTCMKTS:VLTLF) Stock Jumps 20%: Here is Why

Back on May 5 Volt Lithium Corp (OTCMKTS:VLTLF) was in the news after it came up with a key announcement. The company announced that it had been successful in extending the term of the addendum agreement with EMC dated March 29, 2023. The signing of the extension would help the company in extending the EMC Agreement for three more months beginning June 1, 2023.

Trading Data

On Friday, VLTLF stock jumped 20.69% to $0.3500 with more than 78.46K shares, compared to its average volume of 94.08K shares. The stock moved within a range of $0.2900 – 0.3500 after opening trading at $0.3300.

Volt Announces Extension To Agreement With Emerging Markets Consulting, LLC

Despite the extension the terms of the agreement are going to remain largely same. As per the provisions of the agreement, EMC would provide Volt Lithium with investor relations and public relations services. That would also include the arrangement and provisioning related to webcast and electronic media services.

Additionally, EMC would also work on drafting corporate communications and then disseminating it through emails as well as trade shows. In relation to the extension, EMC would be paid $150000 in cash for its services. At this point in time, EMC has no current interests and it would work in the capacity of an arm’s length company. The fee that would be paid to EMC would be paid by Volt Lithium from its general working capital account and would be solely for the services provided.