VOLT CARBON TECHNOLOGIES - TORVF STOCK NEWS

Volt Carbon Technologies (TSXV: VCT) (OTCQB: TORVF) has initiated its 2024 exploration program at the Mount Copeland Molybdenum and Rare Earth Element (REE) property in Revelstoke, British Columbia. The program focuses on sampling the tailings pond for REE mineralization, re-sampling the West extension, and exploring the high-grade area to the east where glacier recession may have revealed new deposits.

Historical data indicates significant REE and Niobium potential across various zones. A notable 2010 geochemical analysis reported high-grade REE concentrations, including 13.1% Cerium and 10.2% Lanthanum. The property features a 1,828-meter-long adit, potentially facilitating future underground development.

The company also updated its July 22 news release, adjusting the Finder Warrants exercise price from $0.045 to $0.05.

Volt Carbon Technologies Inc. (TSXV: VCT) (OTCQB: TORVF) has announced a non-brokered private placement financing of up to 22,222,222 flow-through common shares at $0.045 per share, aiming to raise up to $1,000,000. The company plans to pay a 7% cash finder's fee and issue 7% Finder Warrants to certain arm's length finders, with Red Cloud Securities Inc. currently being the only confirmed finder. The net proceeds will be used for exploration programs on mineral properties and to incur eligible Canadian Exploration Expenses. The offering is expected to close within 20 business days, subject to regulatory approvals, including TSX Venture Exchange approval.

Volt Carbon Technologies Inc. (TSXV: VCT) (OTCQB: TORVF) has announced the launch of its online store for natural flake graphite, set to open on August 12th, 2024. The store will offer responsibly produced graphite using proprietary dry separation methods, focusing on ESG principles. The graphite will be available in various mesh sizes, from -10 to +100, suitable for applications such as dry lubricants, expandable graphite, and battery anodes.

The company's graphite has been benchmarked against leading brands, with internal and third-party tests confirming its quality. Volt Carbon also announced the mutual termination of its option agreement with Green Battery Minerals Inc. regarding the Berkwood Graphite Project in Northern Quebec.

Volt Carbon Technologies announced its selection as a client of Intellectual Property Ontario (IPON) and the receipt of $60,425 to support its intellectual property (IP) development. The funding covers 80% of the costs and has enabled the submission of two new patent applications for its proprietary lithium-ion battery electrolyte technology. Volt Carbon's IP portfolio now includes five patent applications, with four focusing on battery technology and one on the dry separation of graphite from rock. Additionally, the funding provided a comprehensive patent landscaping report, offering insights into IP landscapes and datasets related to solid-state lithium-ion batteries, including trends, key players, and licensing opportunities. This strategic support is aimed at advancing Volt Carbon's position in the energy storage sector.

Volt Carbon Technologies has entered into an arm's length option agreement with Green Battery Minerals for the Berkwood Graphite Project in Northern Quebec.

Under the agreement, Volt has the option to acquire a 5% interest in the property by December 31, 2025, and will receive 4 million GEM shares.

Volt will need to spend $150,000 on the project before December 31, 2024, and make a $1.5 million cash payment if they exercise the option.

If GEM receives a takeover offer, they can buy back the option for $1.8 million or 5% of the takeover price.

The agreement aligns with Volt's strategy to access high-grade graphite deposits for their proprietary dry separation process.

Volt Carbon Technologies (TSXV: VCT, OTCQB: TORVF) announced the closing of its private placement, raising a total of $338,081 by issuing 4,829,730 units at $0.07 per unit. Each unit comprises one common share and one common share purchase warrant, exercisable at $0.12 for 36 months. A cash finder's fee of $1,120 was paid to EMD Financial. Proceeds will be used for outstanding payables and working capital. Insiders purchased 2,052,872 units, constituting a related party transaction. All common shares are subject to a four-month hold period. The company's CEO emphasized a focus on commercializing battery materials and energy storage systems.

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.

Volt Carbon Technologies Inc. (TORVF) has successfully closed the first tranche of a private placement, raising $242,951 through the issuance of 3,470,730 units at $0.07 per unit. Each unit includes one common share and one common share purchase warrant. Insiders purchased 1,572,872 units in this offering. The second tranche is expected to close by May 10th, 2024. CEO V-Bond Lee emphasized the importance of these funds for commercialization efforts in battery and graphite facilities.