Volt Carbon Technologies Announces Option Grant

Rhea-AI Summary

Volt Carbon Technologies (TSXV: VCT) (OTCQB: TORVF) has announced a stock option grant effective April 01, 2025. The company has granted options to existing employees and consultants to purchase up to 6,250,000 common shares at an exercise price of $0.02 per share. These options will expire on April 01, 2030.

Positive

• None.

Negative

• Potential shareholder dilution of 6.25 million shares if options are exercised

Calgary, Alberta--(Newsfile Corp. - April 1, 2025) - Volt Carbon Technologies Inc. (TSXV: VCT) (OTCQB: TORVF) ("Volt Carbon" or the "Company") is pleased to announce that in accordance with the Company's stock option plan, Volt Carbon has granted options to purchase up to 6,250,000 common shares of the Company to existing employees and consultants of the Company effective April 01, 2025. All options granted have an exercise price of $0.02 and expire on April 01, 2030.

About Volt Carbon Technologies
Volt Carbon is a publicly traded carbon science company, with specific interests in energy storage and green energy creation, with holdings in mining claims in the provinces of Ontario, Quebec and British Columbia in Canada. For the latest information on Volt Carbon's properties and news please refer to the website www.voltcarbontech.com.

On behalf of the Board of Directors,

Volt Carbon Technologies Inc.
V-Bond Lee, P. Eng.
CEO, President, Chairman of the Board and Director

Information Contact :
Email: info@voltcarbontech.com

FORWARD-LOOKING STATEMENTS: This press release contains forward-looking statements, within the meaning of applicable securities legislation, concerning Volt Carbon's business and affairs. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved".

Statements of past performance should not be construed as an indication of future performance. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors, including those discussed above, could cause actual results to differ materially from the results discussed in the forward-looking statements. Any such forward-looking statements are expressly qualified in their entirety by this cautionary statement.

All of the forward-looking statements made in this press release are qualified by these cautionary statements. Readers are cautioned not to place undue reliance on such forward-looking statements. Forward-looking information is provided as of the date of this press release, and Volt Carbon assumes no obligation to update or revise them to reflect new events or circumstances, except as may be required under applicable securities legislation.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/246984

FAQ

How many stock options did Volt Carbon Technologies (TORVF) grant in April 2025?

Volt Carbon Technologies granted options to purchase 6,250,000 common shares to employees and consultants.

What is the exercise price for TORVF's April 2025 stock options?

The exercise price for the stock options is $0.02 per share.

When do Volt Carbon Technologies' (TORVF) April 2025 stock options expire?

The stock options expire on April 01, 2030.

Who received the stock options from Volt Carbon Technologies (TORVF) in April 2025?

The stock options were granted to existing employees and consultants of the company.