Volt Resources Ltd Suspends Trading With Pending Capital Raise News


The company’s shares will remain in suspension from trading until Wednesday, September 1 or when an announcement is published on the market.

() has been granted a halt from trading by ASX as it prepares to make a capital increase announcement.

The stop will remain in place until the start of regular trading on Wednesday, September 1, or until an announcement is posted on the market, whichever occurs first.

Innovative treatment regimen design

Volt used an innovative reverse processing scheme design to produce coated spherical purified graphite (CSPG) for battery anode material with graphite from the Bunyu project in Tanzania.

This process, which is part of ongoing test work including lithium ion battery (LIB) cell cycle testing using CSPG produced from Bunyu graphite, resulted in graphite products suitable for high commercial applications. added value.

Testing is being performed by American Energy Technologies Co (AETC), an established commercial graphite producer and processor, headquartered in Illinois, USA, as part of a technology integration program that includes Bunyu graphite long-term cycle tests for LIBs.

Bunyu has one of the largest JORC graphite resources in the world with Stage 1 development plans to produce 23,600 tons per year which can be increased to 170,000 tons in Stage 2.

Turns into a producer

Volt recently completed the acquisition of a controlling 70% stake in the Zavalievsky group of companies (ZG Group), which transformed it into a graphite producer.

ZG Group plans to install a processing plant and equipment to start production of spherical purified graphite (SPG) for the European and US LIB anode market within the next 12 months.

The strategic location of the Zavalievsky mine for the future supply of SPG to the European market has already aroused the interest of LIB cell manufacturers and major car manufacturers.

With two world-class graphite resources incorporated into a strategically located operating mine

and a processing plant in Ukraine as well as a development-ready project in Tanzania, Volt is well positioned to become a world-class graphite producer.

Volt plans to become a producer of battery anode materials in Europe and the United States based on an integrated supply chain using graphite made from its own operations.

This ensures the security and continuity of supply for the business and the ability to manage product quality throughout the graphite supply chain to LIB cell manufacturers and other end users of products in graphite.


Previous Suncorp (ASX: SUN) share price on watch in $ 350 million fundraiser
Next Raising capital from public sector banks is necessary but not sufficient

No Comment

Leave a reply

Your email address will not be published.