VOLT CARBON TECHNOLOGIES - TORVF STOCK NEWS

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.

Volt Carbon Technologies Inc. (TORVF) announces a non-brokered private placement financing of up to $700,000 through the issuance of 10,000,000 Units at $0.07 per Unit. The Offering includes common shares and warrants. Proceeds will be used for payables, technology advancement, mineral claims, and working capital.

Volt Carbon Technologies Inc. (TORVF) has received final approval from the TSX Venture Exchange for an option agreement with E-Power Resources Inc. to acquire an interest in the Tetepisca Graphite Project in Northern Quebec. Highlights include Volt acquiring a 5% interest in the Property, issuing 6,600,000 shares to EPR, and agreeing to spend $680,000 on Exploration Expenditures.

Volt Carbon Technologies Inc. (TSXV: VCT) (OTCQB: TORVF) announces positive outcomes from its Annual General and Special Meeting of the Shareholders, including re-election of directors, reinstatement of the auditor, and re-approval of the stock option plan with strong shareholder support.

Volt Carbon Technologies Inc. has achieved enriching dry tailings from its graphite separation process into an Iron Concentrate, measuring at 61.5% iron. This accomplishment was realized during the separation of flake graphite hosted in iron formation. The company plans to optimize material usage, reduce waste and chemicals, and investigate potential applications for the enriched byproduct, particularly within the steel industry.