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Volt Carbon Technologies Inc. (TORVF) is a carbon science company specializing in energy storage and green energy creation. The company recently received final approval for an option agreement with E-Power Resources Inc. to acquire an interest in the Tetepisca Graphite Project in Northern Quebec. Under the agreement, Volt has the option to acquire a 5% interest in the Property and has agreed to make certain Exploration Expenditures by the end of 2024. The company's strategic focus is on advancing battery and mineral separation technology, with a roadmap outlining advancements in lithium-ion battery product development until 2030. Volt aims to revolutionize energy storage through innovative technologies and sustainable solutions.
Volt Carbon Technologies (OTCQB: TORVF) announced that its subsidiary, Solid Ultrabattery Inc., successfully applied for funding from the DAIR Green Fund. The initiative, supported by the Government of Canada, aims to develop lithium-ion batteries for small drone applications, with DAIR covering 75% of the project costs, up to $75,000. The project is expected to be completed by March 31, 2024, focusing on a 5Ah cell for drones weighing less than 1 kg. CEO V-Bond Lee expressed excitement over the potential for commercialization, while the Minister of FedDev Ontario highlighted the project's contribution to sustainable innovation in the aerospace industry.