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- Volt Resources (VRC) is implementing plans to become a battery materials producer in Europe and the US
- The plans are based on an integrated supply chain using flake graphite from its mine and processing plant in Ukraine and the Bunyu graphite project in Tanzania
- Managing Director Trevor Matthews believes the company is positioned to be a key supplier in energy materials with graphite prices increasing significantly over the last 12 months
- The company is currently developing key battery technologies for lithium-ion, alkaline and lead-acid batteries
- Shares in Volt Resources are down 9.09 per cent at 2 cents each as of 3:53 pm AEST
Volt Resources (VRC) has implemented plans to become a battery materials producer in Europe and the US.
The plans were based on an integrated supply chain using flake graphite from its mine and processing plant in Ukraine and the development ready Bunyu graphite project in Tanzania.
Managing Director Trevor Matthews believes the company stands in the best position to capitalise on rising graphite prices to become a battery materials producer in some of the world’s largest markets, “making clear progress”.
“With graphite prices increasing significantly over the past 12 months and growing demand for locally produced battery anode material in both the United States and Europe, Volt is positioned to be a key supplier in energy materials,” he said.
“The collaboration and product testwork programs are being undertaken to deliver graphite based battery materials products into markets with expanding demand for energy storage and electric mobility.”
The company is currently developing key battery technologies for lithium-ion, alkaline and lead-acid batteries.
Volt has completed a successful LIB cell cycle test using coated spheroinised purified
graphite (CSPG) produced from natural graphite originated from the Bunyu Resource.
The testwork demonstrated highly consistent performance with negligible degradation of
electrochemical characteristics from cycle to cycle which can compete with other natural graphite battery anode material and higher cost synthetic graphite BAM offerings.
For its development of alkaline batteries, the company has entered a joint development agreement with Urban Electric Power (UEP) to improve alkaline battery performance while benefiting the end user.
UEP and Volt plan to enter into an offtake agreement for the supply of ultra-high purity graphite-based coatings and additives in addition to potential licensing benefits derived from the intellectual property developed.
The company is strongly positioned to address both cost management, as well as improved performance sought by the lead-acid battery industry.
The testwork results provided very favourable information regarding the behaviour and
performance of Volt’s UHPG in lead-acid battery applications.
More work is planned with this product and battery technology and Volt will update the market as more data becomes available.
Shares in Volt Resources are down 9.09 per cent at 2 cents each as of 3:53 pm AEST.
