Volt Resources has provided a summary of progress achieved to date on its strategy to become a battery materials producer in the United States and Europe, based on an integrated supply chain using flake graphite from its mine and processing plant in Ukraine, and in time, from its development ready Bunyu graphite project in Tanzania.
Volt MD, Trevor Matthews, commented:
“The company is excited to summarise for investors the strong progress made across our downstream processing initiatives in the US this year, given the significant value uplift in creating finished graphite battery products. We have partnerships with several key groups, which allows us to develop products that utilise all graphite feedstock which supports excellent economics.
“These partners include Energy Supply Developers which has chosen Volt to be the CSPG supplier for its Super Site; Urban Electric Power for graphite coatings for the Alkaline battery market; and Apollo Energy Systems for Lead acid battery markets.
“We see these partnerships, and an additional soon-to-be-announced partnership, as highly valuable opportunities for Volt’s shareholders and we look forward to continuing to update you as they progress”.
Highlights
Volt through its US subsidiary, Volt Energy Materials LLC, has progressed its battery materials businesses in the United States to provide graphite products for key battery markets including:
- Coated spheronised purified graphite (CSPG) for the Lithium-ion battery (LIB) market
- Graphite coatings and electrode additivesfor the Alkaline battery market
- Graphite expander additive for negative electrode for the lead acid battery market
- Recent appointment of Prashant Chintawar as Senior Advisor – Battery Materials, who joined Michael Lew, Vice President – Business Development
- USA and other advisers
- The continuation and development of the technical partnership with American Energy Technologies Corporation (AETC)
- LIB cell developer collaboration agreements for the supply of CSPG in progress
