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Volt expands team to facilitate growth to field operations

14th June 2024

By: Tasneem Bulbulia

Senior Contributing Editor Online

     

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Lithium development and technology company Volt Lithium has appointed Dave Kimery as COO, Derek McFarlane as production engineer and field operations, and Greg Foofat as investor relations VP. 

Since the beginning of 2024, Volt has expanded its operational team to prepare for field operations in the Delaware basin in Texas.

Volt avers that Kimery and McFarlane have been critical to its operations as the company expands beyond its field simulation centre in Calgary, Alberta.

The company highlights that Foofat brings extensive industry and capital markets experience from both the lithium industry and oil and gas industry and will help Volt increase its communications capabilities as the company starts operations in the field and later to commercial operations.

Kimery is a mechanical engineer with over 25 years of experience and has been responsible for the build-out of the company’s field simulation unit in Calgary.

He has spent the past 25 years working in the energy industry in multiple capacities, including as a CEO, COO and VP engineering with multiple successful oil and gas companies, Volt avers.

Kimery is a mechanical engineering by training, graduating from the University of Calgary.

McFarlane is a production engineer with over 30 years of experience working in the oil and gas industry.

Originally from Calgary, he has spent the past 20 years working in the field across various basins in the US, including the Permian (Delaware, Woodford, Eagle Ford), the Bakken and the Marcellus basins.

McFarlane’s “hands on” operational experience will be critical to Volt as it starts operations in the Delaware basin, the company posits.

Foofat has 20 years of experience in capital markets, investor relations, corporate communications, corporate governance and corporate strategy.

He currently serves on the advisory board at Lancaster Resources and most recently was E3 Lithium investor relations manager.

Foofat also brings significant oil and gas and capital markets expertise through investor relations roles at organisations such as Harvest Operations, Penn West Petroleum and Southern Pacific Resources, and capital markets roles at National Bank Financial and Canaccord Genuity, Volt points out.

Volt also announced the grant of an aggregate of 800 000 options to the above individuals and certain consultants of the company to purchase 800 000 common shares in the capital of the company pursuant to Volt’s stock option plan.

These grants represent compensation to the individuals and consultants for their respective service to the company and as an incentive mechanism to foster and align the interest of such persons in the long-term success of Volt, the company explains. 

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

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