Volt Resources raises almost $1.213 million to support Bunyu Graphite Project funds drive
A rights issue has raised $612,907 with a further $600,000 coming from an underwriting arrangement with Kabunga Holdings.
Company
Volt Resources Ltd
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 Resources to raise up to $1.25 million in non-renounceable rights issue
The company’s chairman Asimwe Kabunga has agreed to underwrite up to $600,000 of any shortfall from the rights issue.
Volt Resources well advanced with note issues and listings in Mauritius and Tanzania
The draft prospectus for Volt Graphite Tanzania’s note issue and listing on the Stock Exchange of Mauritius was lodged in September.
Volt Resources lodges draft prospectus for proposed Stock Exchange of Mauritius note issue and listing
The expected timeframe for approval from sole regulator Stock Exchange of Mauritius is about 4 weeks.
Volt Resources' board of directors participate in SPP
Funds will be spent towards stage one development at the Bunyu Graphite Project in Tanzania.
Volt Resources closes SPP oversubscribed
The company’s flagship asset is its Bunyu Graphite Project in Tanzania.
Volt Resources leverages funding optionality for stage-one Bunyu Graphite Project development
The company seeks to secure US$40 million to advance development of the Tanzanian graphite project.
Volt Resources’ share purchase plan to raise at least $1.1 million for debt facility restructure
The share purchase plan opens tomorrow and will close on Friday, 16 August.
Volt Resources enters trading halt ahead of capital raising, Bunyu graphite development ongoing
The company is actively exploring funding options to progress the development of its Bunyu Graphite Project.
Volt Resources has $1 million loan payment maturity date extended by two months
The debt facility restructure would reduce the total amount payable at maturity to US$664,894.
Volt Resources adds project management experience to board
Giacomo (Jack) Fazio has been appointed as a non-executive director, replacing Alwyn Vorster.
Volt Resources secures US$1 million to progress Bunyu stage I development funding process
Exotix Capital acted as structuring and placement advisor in arranging the funding package.
Volt Resources advances funding pathways for Bunyu stage I development
Meetings are being held and discussions with senior government officials are taking place to advance the Tanzanian Note Issue approval phase.
Volt Resources secures 6-month loan facility as it progresses Tanzanian note issue
The company aims to raise US$40 million to help fund the stage I development of its graphite project.
Volt Resources receives final Dar es Salaam Stock Exchange approval for Tanzanian Note Issue
The company is now waiting on final approval from the Tanzanian Capital Markets and Securities Authority.
Volt Resources expects approval “in the near future” for Tanzanian Note Issue
The company aims to raise US$40 million to help fund the stage I development of its graphite project.
Volt Resources receives two vital mining licences for Bunyu Graphite Project
The Tanzanian Note Issue is the next key milestone to be complete.
Volt Resources granted mining licences for Bunyu Graphite Project in Tanzania
The mining licences cover the stage I development as well as the larger stage II expansion.
Volt Resources’ graphite mining licence applications recommended for approval
The two applications cover the footprint for the stages I and II developments of the Bunyu project.
Volt Resources receives environmental certificate for flake graphite project in Tanzania
The company has passed one of the few remaining milestones in government permitting for the Bunyu project.