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Volt Resources Ltd ( (AU:VRC) ) just unveiled an update.
Volt Resources Ltd has successfully raised $2.23 million through a share placement to existing and new investors, including significant contributions from its board members. The funds will be used to advance the feasibility study and offtake agreements for a high purity graphite refinery in Alabama, USA, and to progress the ultra-high purity graphite pilot plant development. This capital raise positions Volt to enhance its downstream processing capabilities and strengthen its market position in the graphite industry.
More about Volt Resources Ltd
Volt Resources Limited is a critical minerals and advanced materials company listed on the Australian Stock Exchange under the ASX code VRC. It is an established graphite producer and advanced materials developer, with a focus on downstream graphite business, including high purity graphite processing technology. The company operates through its wholly owned US subsidiary, Volt Energy Materials LLC, headquartered in Alabama, and is involved in developing a graphite refinery and ultra-high purity graphite pilot plant.
Technical Sentiment Signal: Sell
Current Market Cap: A$32.79M
Learn more about VRC stock on TipRanks’ Stock Analysis page.