(via TheNewswire)
Expected to Deliver Reduced Environmental Footprint While Retaining Product Quality and Potentially Lowering Processing Costs
Vancouver, BC – TheNewswire -
Background
With reference to GEM’s prior News Release dated
VCT’s Proprietary Dry Separation Process
Volt Carbon has developed a proprietary dry separation process that uses air as its separation medium (the “Process”). The major benefits of the Process compared to traditional processing are that the Process: (i) does not use water, which eliminates a significant amount of waste traditionally associated with the purification of graphite due to its solventless and reagentless nature; (ii) does not produce an effluent; and (iii) the Process results in the retention of the original quality of the graphite flakes (large +50 mesh and jumbo +35 mesh sized flakes). Importantly, GEM and Volt Carbon believe that large and jumbo sized flakes attain premium pricing due to their high-end performance as anode material for lithium-ion batteries (“LIBs”).
Figure 1: Samples of ore, feedstock and air separated graphite
Path Forward
Based on the results from the Sample test, GEM and Volt Carbon negotiated and signed the Preliminary Mineral Processing Agreement. The Preliminary Mineral Processing Agreement outlines a path forward from initial feasibility studies, to bulk sampling and testing, and through to mine development and production.
In the feasibility phase, the graphite ore will be extracted from GEM’s Berkwood Graphite project, delivered to Volt Carbon’s test processing facility located in
Assuming the successful manufacture of he portable machinery required, in the bulk-sampling phase, the graphite ore will be extracted from GEM’s Berkwood Graphite project, GEM will crush the graphite ore to 4 inch and deliver the same to VCT’s Facility for processing using the Process. It is expected that the flake graphite extracted from the bulk-samples will be saleable and GEM and Volt Carbon have agreed to share the profits from the sale of the same on a 50/50 basis.
In the mine production / development phase, the graphite ore will be extracted from GEM’s Berkwood Graphite project, GEM will crush the graphite ore to -12 mesh and deliver the same to VCT’s Facility for processing using the Process. The profits from the sale of the graphite concentrate will be split on a 50/50 basis.
“The mineral processing agreement is a great step forward for Volt Carbon to develop a recurring revenue stream in graphite purification. Our dry processes will enable sustainable mineral separation processes using no water. Our team is developing this method to be one of the most ESG friendly ways of mineral separation. I’m looking forward to seeing the scale up of the dry separation process with GEM.” – V-Bond Lee, CEO of Volt Carbon Technologies.
About Volt Carbon
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
About GEM
Qualified Person
(NOTE 1: Source of what is inside a battery:https://elements.visualcapitalist.com/the-key-minerals-in-an-ev-battery/)
On behalf of the Board of Directors of
President, CEO & Director
Contacts:
Tel: (604-343-7740)
info@greenbatteryminerals.com www.greenbatteryminerals.com
On behalf of the Board of Directors of Volt Carbon Technologies Inc,
V-Bond Lee,
CEO, President, Chairman of the Board and Director
Contacts:
Email: info@voltcarbontech.com
Tel: (647-546-7049)
Neither
FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements, within the meaning of applicable securities legislation, concerning Volt’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’’, “intends” ‘‘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’’.
These forward-looking statements are based on current expectations and are naturally subject to uncertainty and changes in circumstances that may cause actual results to differ materially. 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.Such statements include the statement with respect to: (i) GEM’s and Volt Carbon’s belief that large and jumbo sized flakes attain premium pricing due to their high-end performance as anode material for lithium-ion batteries; (ii) the ability of Volt Carbon to collect sufficient data during the feasibility phase to allow Volt Carbon to reasonablyestimate the capital expenditures required to manufacture the proprietary portable machinery needed to conduct the bulk-sampling phase; (iii)the expectation that the ore processing will cost an aggregate of
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 assumes no obligation to update or revise them to reflect new events or circumstances, except as may be required under applicable securities legislation.
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