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Volt Carbon Technologies Inc. (TSXV: VCT) (OTCQB: TORVF) has extended the private placement deadline to May 31, 2024, for up to 10,000,000 Units at $0.07 per Unit, aiming for gross proceeds of $700,000. Options of 500,000 and 3,000,000 have been granted to employees, consultants, and Directors at exercise prices of $0.08 and $0.12, expiring on May 9, 2029.
Volt Carbon Technologies Inc. releases test results for its high energy density Lithium (Li)-metal Iron Phosphate battery and provides an operational update, showcasing an industry-leading 280Wh/kg energy density for the cathode type, which can impact battery competitiveness for electric vehicles and devices. The company aims to surpass 800 cycles and achieve an 80% capacity threshold by the end of 2024. The Lithium Iron Phosphate (LFP) battery technology advancements mark a significant step forward in the company's strategic roadmap outlined until 2030.