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- Graphite producer Volt Resources (VRC) joins the European Raw Materials Alliance (ERMA)
- According to VRC, members of the ERMA will gain access to project investment, technical and regulatory advice and support
- The membership follows the recent 70 per cent interest in the Ukraine-based Zavalievsky Graphite business
- Volt is already a member of the European Battery Alliance, and both alliances provide support for its strategy to become an integrated graphite mine and battery anode material producer in Europe
- Just before the market opens this morning, Volt last traded at 3.1 cents per share
Volt Resources (VRC) has joined the European Raw Materials Alliance (ERMA).
The ERMA network aims brings together a number of organisations covering the entire raw materials value chain. It was formed by the European Union Commission in September 2020.
According to VRC, membership to the ERMA provides access to project investment, technical and regulatory advice and support.
The membership arrives after the company purchased a 70 per cent interest in the Ukraine-based Zavalievsky Graphite business.
Notably, Volt is already a member of the European Battery Alliance (EBA). Both ERMA and EBA provide support for Volt’s strategy to become an integrated graphite mine and battery anode material producer in Europe.
Managing Director Trevor Matthews said with memberships in two key EU sponsored battery materials alliances and assets in Ukraine, Volt is well positioned.
“Combined with the future production of graphite products from the development ready Bunyu Project in Tanzania and plans for processing capacity to supply the LIB industry in the United States, Volt will be uniquely positioned as a globally significant and diversified graphite producer,” he said.
Just before the market opens this morning, Volt last traded at 3.1 cents per share.
