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Volt Resources (ASX:VRC) - Volt Joins European Raw Materials Alliance

• Volt has joined the European Raw Materials Alliance (E RMA) following the acquisition of a controlling 70% interest in the Ukraine based Zavalievsky Graphite business
• The ERMA was formed by the EU in 2020 and is focussed on the development and strengthening of European raw materials value chains
• Membership of the ERMA provides access to project investment, technical and regulatory advice and support
• Volt is already a member of the European Battery Alliance (EBA). The ERMA and EBA provide support for Volt’s strategy to become an integrated graphite mine and battery anode material producer in Europe
• Recent MoU signed by the EU and Ukraine government to launch a strategic partnership to strengthen and secure the supply of critical raw materials and the battery value chain

MD: Trevor Matthews
voltresources.com

Volt Joins European Raw Materials Alliance - Volt Resources Limited (ASX:VRC) Read the latest Progress Report news from Volt Resources Limited (ASX:VRC)

Volt Resources (ASX:VRC) - Quarterly Activities and Cashflow Reports

• Volt successfully completed the acquisition of a 70% controlling interest in the ZG Group to become a graphite producer in Europe post quarter end
• New US$4.0 million convertible security entered into with SBC Global Investment Fund and drawn down in full to fund ZG Group US$3.8 million completion payment - previously announced US$8.5 million loan agreement with JES Green Investments Ltd terminated post quarter end
• Agreement reached with ZG Group vendors to defer the final US$3.8 million payment from 6 months to 12 months after completion
• The completion of the acquisition positions Volt significantly ahead of most of its peer graphite companies to become a graphite producer without the usual greenfield financing and development risk
• More information can be found in the article.

MD: Trevor Matthews
voltresources.com

Quarterly Activities and Cashflow Reports - Volt Resources Limited (ASX:VRC) Read the latest Quarterly Reports news from Volt Resources Limited (ASX:VRC)