Volt Carbon's C$600K Private Placement: Fueling Growth and Innovation

Volt Carbon Technologies (TSXV: VCT) (OTCQB: TORVF) has announced a non-brokered private placement for gross proceeds of up to C$600,000, marking a significant step in the company's growth strategy. This strategic move will enable Volt Carbon to fund its exploration and development projects, positioning the company for future success in the energy storage and green energy creation sectors.

The private placement, set to close on or around December 17, 2024, subject to regulatory approvals, consists of two components. The first is the issuance and sale of up to 16,666,667 flow-through units (FT Units) at C$0.03 per FT Unit, with gross proceeds of up to C$500,000. The second component involves the issuance and sale of up to 4,000,000 units (Units) at C$0.025 per Unit, with gross proceeds of up to C$100,000. The net proceeds from the FT Units will be used for exploration of the Company's Mineral Interests in Quebec, while the net proceeds from the Units will be allocated for general working capital purposes.



Volt Carbon's strategic allocation of funds aligns with its long-term growth strategy, focusing on mineral processing and energy storage solutions. The company aims to use the raised capital to advance its mineral interests in Quebec, potentially expanding its graphite resources, a key component in energy storage solutions. Additionally, the funds may support the development of solid-state lithium-ion batteries through its subsidiary, Solid Ultrabattery. These batteries, with their improved safety and energy density, align with Volt Carbon's commitment to sustainable, high-performance solutions in the energy sector.



The private placement also supports Volt Carbon's commitment to sustainable and green aviation technologies, as evident in its recent DAIR Green Fund projects. The company received funding from the DAIR Green Fund for two aerospace innovation projects, focusing on developing high-performance carbon materials for aerospace applications and enhancing lithium-ion battery performance in low temperatures for unmanned aerial vehicles (UAVs). These initiatives align with Canada's 2050 net-zero targets in aerospace.

In conclusion, Volt Carbon Technologies' private placement for up to C$600K is a strategic move that enables the company to fund its exploration and development projects, including the Mount Copeland REE property and the enhancement of lithium-ion battery performance at low temperatures. By securing this funding, Volt Carbon demonstrates its ability to access capital markets, which may attract further investment opportunities in the future. The company's focus on mineral processing and energy storage solutions, along with its commitment to sustainable and green technologies, positions it well for long-term growth and success in the energy sector.