- Graphite and gold explorer and developer Volt Resources (VRC) has joined the European Battery Alliance (EBA)
- The EBA was launched in 2017 and is a platform for key stakeholders throughout the entire European battery value chain
- This announcement comes after Volts announced it would pursue a 70 per cent interest in Zavalievsky Graphite in a move currently undergoing due diligence
- An EBA membership will provide Volt with access to business development opportunities, business investment platform, regulatory insights and market intelligence
- Volt last traded at 1.5 cents per share on April 14
Volt Resources (VRC) has joined the European Battery Alliance (EBA) as it progresses the proposed purchase of Ukraine-based Zavalievsky Graphite.
The EBA was launched in 2017 and is a platform for key stakeholders throughout the entire European battery value chain. It includes the EBA250 network, which is a collaboration of more than 600 participants covering the entire battery value chain.
Having an EBA membership will provide Volt with access to business development opportunities, business investment platform, regulatory insights and market intelligence.
Managing Director Trevor Matthews is pleased with the new membership.
“As Volt progresses with the acquisition of the Zavalievsky graphite business to become a producer of graphite products in Europe, there is a great opportunity to build relationships and obtain access to capital to support the expansion and product development plans for the graphite business,” he said.
“Membership of the EBA250 network will facilitate that process and position Volt and its potential European graphite business as an early leader of graphite production and downstream products in Europe,” he added.
Zavalievsky Graphite Business acquisition
Volt is currently progressing with its proposed Zavalievsky Graphite Business acquisition.
The company announced it is aiming to purchase a 70 per cent interest in the producer in February.
The graphite mine is located near the town of Zavallya, approximately 280 kilometres south of the Ukraine capital Kyiv.
Volt last traded at 1.5 cents per share on April 14.