Sign up Australia
Proactive Investors - Run By Investors For Investors

Volt Resources’ share price continues to rise ahead of bond issue in Tanzania

The company's shares were last trading circa 8% higher intra-day, at $0.042.
a chart showing rising prices
Progressing towards stage I development of the Bunyu Graphite Project

Volt Resources Ltd’s (ASX:VRC) share price has increased 50% over the last one month as it prepares to lodge a draft prospectus for a US$40 million bond issue in Tanzania.

The company recently hosted a visit of its Bunyu Graphite Project in Tanzania for potential bond investors.

READ: Volt Resources receives solid investor feedback in advance of bond issue

The investor visit covered the planned mine and mineral processing site and the Mtwara port facilities.

Attendees included representatives from Exotix and Orbit Securities Limited, as well as local community leaders from Utimbula and Namangale.

Importantly, the site tour confirmed that East African investor appetite for U.S. dollar linked Tanzanian listed fixed income instruments is robust.

READ: Volt Resources submits final approval documents for graphite development

Last month, Volt submitted Mining Licence Applications, which are the final approval documents required for the development of its graphite project in Tanzania.

The applications cover stages I and II of the Bunyu Graphite Project with development expected to start later this year, pending approvals.

Aiming to be one of the top three global natural graphite suppliers

Volt has the largest mineral resource in Tanzania and is aiming to be one of the top three global suppliers of natural graphite by 2020.

The company is targeting the production of circa 20,000 tonnes per annum of high-quality graphite products.

Funds raised from the completion of the bond Issue will be deployed towards the stage I development of the Bunyu Graphite Project.

View full VRC profile View Profile

Volt Resources Ltd Timeline

Related Articles

1522948433_shutterstock_249210421-(1).jpg
April 06 2018
Anglo Pacific's royalty income is up significantly, and is set to rise still further as the company goes on the hunt for deals
coffee beans
April 26 2018
The company’s focus is the Arapua fertiliser project, located about 400km south-east of Brasilia in the State of Minas Gerais, a major agro-industrial centre.
1511183786_Lithium-drill-core---Cinovec.jpg
November 21 2017
European Metals Holdings is rapidly moving forward with Europe's largest and most significant lithium project

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use