Volt Resources Ltd (ASX:VRC) has advanced testwork and baseline battery anode material (BAM) supply discussions in the United States with several entities engaged in both the electric vehicle and stationary storage industry.
The company is planning production of BAM to potential customers in the US including the energy supply developer (ESD) super site, highlighting surging demand and strong outlook in the North American battery market.
Moving forward, negotiations have also progressed with a multinational engineering firm to commence feasibility studies for the BAM facilities to meet future demand from battery manufacturers.
“Local production capability”
Volt managing director Trevor Matthews said: “Volt is accelerating its battery anode material offtake discussions and testwork in the United States in the rapidly growing lithium-ion battery EV and energy storage market which is seeking local production capability.
"Testwork activities and related offtake discussions have advanced from understanding Volt’s future production plans with potential customers now asking, 'How much can Volt supply us in 2025?'.
"The formation of Volt Energy Materials LLC will help coordinate our business development activities as Volt progresses battery materials supply discussions with battery manufacturers in addition to advancing the commencement of graphite battery materials production feasibility studies with a global engineering firm.”
US subsidiary
Volt has formed a US subsidiary, Volt Energy Materials LLC, which will be the entity within which the various graphite battery materials businesses will be incorporated including battery anode materials, and alkaline and lead-acid battery products.
Funding submissions for US government support to assist the development and expansion of the electric mobility and energy storage supply chain are required to be submitted by US entities.