Volt Resources raises almost $1.213 million to support Bunyu Graphite Project funds drive
A rights issue has raised $612,907 with a further $600,000 coming from an underwriting arrangement with Kabunga Holdings.
Company
Volt Resources Ltd
ASX:VRC
Volt Resources Ltd (ASX:VRC) is a critical minerals and battery material company with a 70% interest in the Zavalievsky Graphite (ZG) business in Ukraine. The ZG mine and processing facilities have been in operation since 1934 and are near key markets with significant developments in lithium-ion battery production. Volt has acquired three licence applications in Serbia that are prospective for lithium-borate mineralisation. The company is also progressing the development of its large wholly-owned Bunyu Graphite Project in Tanzania.
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Volt Resources to raise up to $1.25 million in non-renounceable rights issue
The company’s chairman Asimwe Kabunga has agreed to underwrite up to $600,000 of any shortfall from the rights issue.
Volt Resources well advanced with note issues and listings in Mauritius and Tanzania
The draft prospectus for Volt Graphite Tanzania’s note issue and listing on the Stock Exchange of Mauritius was lodged in September.
Volt Resources lodges draft prospectus for proposed Stock Exchange of Mauritius note issue and listing
The expected timeframe for approval from sole regulator Stock Exchange of Mauritius is about 4 weeks.
Volt Resources' board of directors participate in SPP
Funds will be spent towards stage one development at the Bunyu Graphite Project in Tanzania.
Volt Resources closes SPP oversubscribed
The company’s flagship asset is its Bunyu Graphite Project in Tanzania.
Volt Resources leverages funding optionality for stage-one Bunyu Graphite Project development
The company seeks to secure US$40 million to advance development of the Tanzanian graphite project.
Volt Resources’ share purchase plan to raise at least $1.1 million for debt facility restructure
The share purchase plan opens tomorrow and will close on Friday, 16 August.
Volt Resources enters trading halt ahead of capital raising, Bunyu graphite development ongoing
The company is actively exploring funding options to progress the development of its Bunyu Graphite Project.
Volt Resources has $1 million loan payment maturity date extended by two months
The debt facility restructure would reduce the total amount payable at maturity to US$664,894.
Volt Resources adds project management experience to board
Giacomo (Jack) Fazio has been appointed as a non-executive director, replacing Alwyn Vorster.
Volt Resources secures US$1 million to progress Bunyu stage I development funding process
Exotix Capital acted as structuring and placement advisor in arranging the funding package.
Volt Resources advances funding pathways for Bunyu stage I development
Meetings are being held and discussions with senior government officials are taking place to advance the Tanzanian Note Issue approval phase.
Volt Resources secures 6-month loan facility as it progresses Tanzanian note issue
The company aims to raise US$40 million to help fund the stage I development of its graphite project.
Volt Resources receives final Dar es Salaam Stock Exchange approval for Tanzanian Note Issue
The company is now waiting on final approval from the Tanzanian Capital Markets and Securities Authority.
Volt Resources expects approval “in the near future” for Tanzanian Note Issue
The company aims to raise US$40 million to help fund the stage I development of its graphite project.
Volt Resources receives two vital mining licences for Bunyu Graphite Project
The Tanzanian Note Issue is the next key milestone to be complete.
Volt Resources granted mining licences for Bunyu Graphite Project in Tanzania
The mining licences cover the stage I development as well as the larger stage II expansion.
Volt Resources’ graphite mining licence applications recommended for approval
The two applications cover the footprint for the stages I and II developments of the Bunyu project.
Volt Resources receives environmental certificate for flake graphite project in Tanzania
The company has passed one of the few remaining milestones in government permitting for the Bunyu project.
Volt Resources cooperates with Chinese graphite company regarding Bunyu offtake
HAIDA Graphite will carry out tests on flake graphite samples from Volt’s Tanzanian project.
Volt Resources gets ready for stage 1 development of Tanzania’s largest graphite resource
Volt is currently completing the environmental approval for the Bunyu project and has lodged two mining licence applications.
Volt Resources secures further offtake deal for flake graphite from Tanzanian project
The agreement with Qingdao Tiangshengda Graphite takes total annual commitment from stage I of Bunyu to a nominal 10,000 tonnes.
Volt Resources’ study delivers robust outcomes for first stage of Bunyu Graphite Project
The company expects to remain on track with a development schedule of 12 months to first ore production.
Volt Resources attracts institutional investors in placement for Tanzanian graphite
The Bunyu Project is ideally located near to critical infrastructure.
Volt Resources gets ready to raise capital
Shares in the company last traded at 2.9 cents before entering the trading halt.
Volt Resources progresses towards securing graphite offtake agreements for stage I of Bunyu project
Volt’s share price surged more than 15% last Friday as the significance of the US$40 million note issue was highlighted.
Volt Resources on track with Tanzanian approvals process for graphite project
An amended Environmental Social Impact Statement is expected to be lodged within the next week.
Volt Resources lodges draft prospectus to raise US$40 million for Bunyu graphite project
Management expects stage I should be capable of producing about 20,000 tonnes per annum of high-quality graphite.
Volt Resources Limited's Bunyu Graphite Project prepares for first production in 2018
Hayes noted that Bunyu North product samples have returned excellent first-stage processing results.
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.
Volt Resources receives solid investor feedback in advance of bond issue
The company is aiming to be a top three global supplier of natural graphite by 2020.
Volt Resources submits final approval documents for graphite development
Two Mining Licence Applications have been lodged with the Tanzanian government.
Volt Resources ticks off another milestone for graphite project in Tanzania
Volt is currently preparing its mining licence application for submission.
Volt Resources in-the-money options provide cash boost for Bunyu Graphite Project
The exercise of options is strongly supported by option holders.
Volt Resources director increases stake through acquisition of further options
The acquisition of options has increased Asim Kabunga's stake in the graphite company.
Volt Resources proceeds with issue of US$40 million in structured debt to fund Bunyu Graphite Project
The Tanzanian bond issue is to fund the Stage 1 development of Bunyu.
Volt Resources raises further funds to fast-track Bunyu Graphite Project
Underwriting agreement guarantees $4.7 million in sale of options at $0.02.
Volt Resources paves way for Bunyu graphite mining license
Talks with Tanzanian government fruitful in terms of being granted a mining license.
Volt Resources’ off-take partner validates quality of Bunyu graphite products
The new test work results follow the recent positive feedback received from Chinese partner.
Volt Resources attracts further funding for graphite project in Tanzania
To complete the Stage 1 feasibility study and accelerate drilling.
Volt Resources to finalise placement following oversubscribed SPP
The halt will remain in place until Monday 6th November 2017.
Volt Resources increases share purchase plan to meet demand
The board has elected to increase the SPP limit due to demand by over 50%.
Volt Resources appoints Exotix Capital to raise up to US$30 million
Exotix is a market leader in structured finance packages in Africa.
Volt Resources' shares rise on positive feedback for Bunyu graphite product
Potential offtake deal with one of the world’s largest building materials producers.
Volt Resources shares bound higher on graphite off-take talks with Chinese
Volt continues to advance its graphite interests in Tanzania.
Volt Resources opens Share Purchase Plan for Namangale graphite
Shareholders can apply for up to $15,000 of new shares under the offer.
Volt Resources lifting funds for feasibility study on Namangale graphite project
The raising will be partially underwritten by directors on the company.
Volt Resources to lift cash balance for Tanzanian graphite
Volt's Namangale graphite project is located in Tanzania.
Volt Resources Ltd's share ride higher on expandable graphite results
Volt recently appointed Tanzanian-born Asimwe Kabunga as chairman
Volt Resources welcomes new chairman to the board
The company's new Tanzanian-born chairman is also its biggest shareholder.
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Volt Resources on track for graphite production in Tanzania
The company now has commitments for 100% of its planned Stage 1 graphite production.
Volt Resources Ltd secures interim funding
Circa $4.8 million cash is expected from option exercises before year-end.
Volt Resources Ltd to update on Namangale graphite project
An announcement is expected to be on or before Monday 7th July 2017.
Volt Resources Ltd awaits news from Tanzania
The halt will remain in place until Wednesday 5th July 2017.
Volt Resources signs graphite offtake term sheet
Management's recent trip to China continues to yield results.
Volt Resources signs agreement with one of China’s largest companies
The cooperation agreement is a result of a recent successful trip to China.
Volt Resources shares rise on U.S. graphene off-take contract win
Volt owns the largest JORC graphite resource in Tanzania.
Volt Resources confirms valuable graphite concentrate at Namangale
Volt has the largest JORC graphite resource in Tanzania.
Volt Resources to update on Namangale
Volt Resources (ASX:VRC) has been granted a trading halt by the ASX, pending an announcement to the market regarding the Pre-Feasibility Study on the Namangale Project.
Volt Resources Ltd appoints the experienced Trevor Matthews as CEO
Volt Resources Ltd (ASX:VRC) has appointed the experienced Trevor Matthews as chief executive officer, effective from 1 January 2017.