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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Rare earths & specialist minerals
The acquisition is anticipated to be completed next week and will instantly transform the company into one of the few ASX-listed graphite producers.
Rare earths & specialist minerals
The facility will go towards the funding of the acquisition of a 70% interest in the Zavalievsky group of companies and related expenses, as well as working capital.
Rare earths & specialist minerals
The proposed acquisition of a controlling 70% interest in the ZG Group will transform the company from a graphite explorer and developer into one of the few ASX-listed graphite producers.
Rare earths & specialist minerals
The acquisition of a controlling 70% interest in the ZG Group will immediately transform the company from a graphite explorer and developer into one of the few ASX-listed graphite producers.
Rare earths & specialist minerals
Completing the ZG Group acquisition will position Volt well ahead of most peer graphite companies by transforming it into a producer without the usual greenfield financing and development risk.
Rare earths & specialist minerals
Completion of the acquisition will position Volt to become a graphite producer without the usual greenfield financing and development risk.
A 100-metre by 500-metre soil sampling program is being conducted to cover the northwest-southeast geochemical anomaly identified by previous explorers.
The proposed acquisition helps establish a new gold business whilst progressing the development of the flagship Bunyu Graphite Project in Tanzania.
Rare earths & specialist minerals
The company entered into a share sale deed on May 14 to acquire six permits in the highly prospective Birimian Greenstone Belt within the Siguiri Basin in Guinea.
The transaction positions Volt as a diversified mineral resources company with a continuing commitment to developing the Bunyu Graphite Project combined with gold exploration and development.
Rare earths & specialist minerals
The company has taken measures to preserve cash such as reducing director fees by as much as $3,000 per month.
The Stage 1 development is based on a mining and processing plant annual throughput rate of 400,000 tonnes of ore to produce on average 23,700 tonnes per annum of graphite products.
Rare earths & specialist minerals
The company hopes to raise the funds to help execute stage-1 development at the Bunyu Graphite Project in Tanzania.
Rare earths & specialist minerals
The company is continuing to advance its Mauritian note offer to raise up to US$30 million and alternative finance sources to fund Stage 1 development of Bunyu Graphite Project.
Rare earths & specialist minerals
Stage one will produce on average 23,700 tonne per annum of natural flake graphite product at up to 96% total graphite content.
Rare earths & specialist minerals
The company is focused on the exploration and development of its wholly-owned Bunyu Graphite Project in Tanzania.
Rare earths & specialist minerals
The company’s subsidiary, Volt Graphite Tanzania Plc, is progressing with the raising of up to US$15 million through the issue of Senior Notes to raise up to US$30 million.
Funds raised will be used to progress the recently approved Stock Exchange of Mauritius listed note issue.
Rare earths & specialist minerals
This approval means Volt will finalise its investor roadshow which aims to raise funds for its flagship Bunyu Graphite Project in Tanzania.
Rare earths & specialist minerals
The recently closed rights issue raised $1.21 million and will help advance the company’s flagship Bunyu Graphite Project in Tanzania.
