Green Battery Minerals Inc. in conjunction with Volt Carbon Technologies Inc. provided the following update on their joint graphite processing initiative utilizing Volt's air separation technology, which promises to reduce waste dramatically while at the same time retaining product quality and lowering processing costs. Further, the Ford Motor Co. and SK On, have announced plans to build a battery material plant in Quebec nurturing resilient domestic supply chains, of which Green Battery has a proven graphite resource, as well as its James Bay lithium projects, both located in Quebec.

The Company reported on August 2, 2023 that a sample totaling approximately 27 tonnes of graphitic mineralization was collected from zones 1 and 6 at GEM's Berkwood graphite property and has since been delivered to VOLT. Over the past months, Volt has conducted comprehensive dry separation procedures, using its innovative proprietary technology on various graphitic rock, including those received from GEM. VOLT analyses of the processed samples demonstrated a 96.1% purity in graphitic carbon and 98.1% total carbon, as per VOLT news release dated August 16, 2023.

Volt believes the results represent an unprecedented level of graphitic carbon purity and demonstrate that exceptionally high-yielding results can be obtained from applying Volt's dry separation techniques. Although further work is required towards optimization, automation and demonstrating feasibility, results to date are extremely encouraging for the opportunities this new technology brings to the graphite space to reduce its environmental footprint. Subsequent development phases are intended to involve the transformation of graphite concentrates into battery-grade anodes, followed by the creation of anode electrodes at Volt's battery plant in Guelph.