Volt Resources Ltd has announced that RiverFort Global Opportunities PCC Ltd has agreed to provide a second advance of A$500,000 to bolster the company’s goal of becoming a prominent player in the graphite market. In April 2024, Volt Resources, a well-established producer of natural graphite and developer of natural graphite anodes, secured a loan from RiverFort Global totaling up to $1 million. This initial arrangement involved a first advance of A$250,000, which Volt successfully repaid in August.

With the new A$500,000 advance, RiverFort Global continues to support Volt's growth strategy in alignment with the terms set forth in the April agreement. This funding is part of Volt Resources' broader initiative for non-dilutive financing, which is designed to sustain its operations in the United States and Europe. As the graphite market faces challenges with low pricing, Volt has strategically shifted its focus toward selling high-value, high-margin graphite products from its facilities in Europe.

Despite the prevailing difficulties in securing financing for new projects, Volt Resources is making progress on several financial initiatives. The company is actively pursuing opportunities for substantial grant funding that could potentially exceed A$150 million. This funding is expected to play a crucial role in supporting Volt's strategic plans and enhancing its competitive position in the graphite market.

Overall, the continued support from RiverFort Global, coupled with Volt's focus on high-value products and efforts to secure additional funding, positions the company well for future growth. With the second advance, Volt Resources is better equipped to navigate the challenges of the current market while striving to achieve its ambition of leading the graphite sector.

Volt Resources Limited ("Volt") is a company specializing in critical minerals and battery materials. It is listed on the Australian Stock Exchange under the ticker VRC and on the Frankfurt Stock Exchange with the code R8L. As an established producer of graphite and an emerging manufacturer of natural graphite anodes—essential components for lithium-ion batteries—Volt Resources operates extensively in Australia, the United States, Tanzania, and Ukraine.

Volt's wholly owned subsidiary, Volt Energy Materials LLC, is based at the EcoComplex "Clean Energy Centre" in New Jersey, USA. The EcoComplex features laboratories equipped with bench space for wet chemistry, chemical hoods, vented hoods, a clean room, dedicated gas storage, and laboratory refrigeration. Additionally, this facility includes 1,200 square feet of two-story scale-up space designed specifically for the pilot-scale demonstration of innovative clean technologies.  Volt holds a 70% stake in the Zavalievsky Graphite (ZG) business located in Ukraine. The ZG mine and processing facilities have been operational since 1934 and are situated close to important markets experiencing significant growth in lithium-ion battery production. ZG advantages include an established customer base, a diverse product portfolio, and a unique ability to commercially produce high-purity graphite at 99.5% purity.