Company
ASX:VRC
Volt Resources Ltd (ASX:VRC) is a critical minerals and battery material company with a 70% interest in the Zavalievsky Graphite (ZG) business in Ukraine. The ZG mine and processing facilities have been in operation since 1934 and are near key markets with significant developments in lithium-ion battery production. Volt has acquired three licence applications in Serbia that are prospective for lithium-borate mineralisation. The company is also progressing the development of its large wholly-owned Bunyu Graphite Project in Tanzania.
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Volt is looking to enter the US and European battery materials market as a manufacturer of anode-ready spherical graphite. The company has also taken advantage of graphite by-products suitable for the lead-acid and alkaline battery markets
“Volt continues to monitor the geopolitical situation in Ukraine closely and assess and discuss the situation with our local management team and our advisors. So far, no developments have occurred to change or alter the current operations o
Rare earths & specialist minerals
As winter ends and temperatures increase, the plant operating days will increase resulting in substantial increases in monthly graphite production.
“The appointments of Dmytro, Roman and Pavlo combined with other management changes are positioning the Zavalievsky business for improved performance and growth underpinned with strong governance principles,” says MD.
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“This collaboration introduces Volt to the US battery market and the board expects the JDA will accelerate the commercialisation of Volt’s downstream value-added graphite products in various battery applications,” says MD.
Rare earths & specialist minerals
Volt Resources has advanced working capital to resume operations at Zavalievsky Graphite following favourable changes to the company's charter. ZG produced a total of 37,389 tonnes at an average grade of 6.12% carbon, with graphite prices o
Rare earths & specialist minerals
The transaction forms part of a larger strategy to position Volt as a multi-commodity battery minerals company, with projects focused on the two key minerals in the fast-growing lithium-ion battery market – lithium and graphite.
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“We continue to be delighted with the battery cycle test-work results reported by AETC. This has confirmed Bunyu’s flake graphite is suitable for use in the production of battery-ready anode material for energy storage solutions," says MD.
Rare earths & specialist minerals
Through the transaction, Volt plans to produce battery anode material using the ZG Group’s existing graphite production, meaning it can supply the mineral to lithium-ion battery makers based in Europe.
The production improvements and expansion will position Zavalievsky Graphite to be a significant supplier of graphite for battery anode material.
“With the recent exploration success by others in the region, particularly near the Kouroussa permit, the Volt board sees opportunities to provide funding for future exploration programs and to create value for shareholders through consider
Rare earths & specialist minerals
Chairman Asimwe Kabunga has subscribed for an additional $700,000 on the same terms as the placement and this is subject to shareholder approval.
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This appointment supports the company's strategy of broadening its overseas investor base to engage with European investors.
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Strong demand for the placement from existing shareholders new sophisticated investors, funds and institutions saw the final amount raised exceed the original target of $4 million.
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The company’s shares will remain in a trading halt until Wednesday, September 1, or when an announcement is released to the market.
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“Introduction of this flowsheet will allow us to not only convert a significant portion of our graphite into battery-ready anode material for lithium-ion batteries but will also generate a range of ultra-high purity by-products for use in b
Rare earths & specialist minerals
“Membership of the two key EU sponsored battery materials alliances provide the opportunity to build relationships and obtain access to capital to support the expansion and product development plans for the European graphite business,” says
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“Volt now has the potential to become a key market participant in the supply of graphite and battery anode materials into the growing European market with excellent access to other markets in the USA and the Middle East,” says MD.
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Volt is set to become one of the few ASX-listed graphite producers without the usual time and risk related to complete greenfield project financing, construction, commissioning and ramp-up.
Rare earths & specialist minerals
The company has been granted a trading halt until the start of trading on Wednesday, June 16, or when an announcement is released to the market.
