Welcome to our dedicated page for VOLT CARBON TECHNOLOGIES news (Ticker: TORVF), a resource for investors and traders seeking the latest updates and insights on VOLT CARBON TECHNOLOGIES stock.
News and updates for Volt Carbon Technologies Inc. (TORVF) center on its work in carbon science, energy storage, and graphite processing. The company issues regular press releases on technical milestones, intellectual property, financings, and corporate developments related to its facilities in Calgary and Guelph, Ontario, and its mining claims in Ontario, Quebec, and British Columbia.
Readers following Volt Carbon news will see announcements about its patented dry separation graphite technology and air classifier platform, including United States patents that support aerodynamic air classification used in graphite purification. The company also reports on advances in lithium iron phosphate and lithium-metal battery programs, such as cycle life, discharge performance, and low-temperature testing conducted at its Guelph battery lab.
Volt Carbon's news flow includes updates on collaborations with Charge CCCV LLC (C4V), where its proprietary lithium metal electrolyte and dry-separated graphite are paired with C4V's BMLMP cathodes and Green Anode technology. These releases describe test results in coin and pouch cells and plans to advance to larger-format batteries for applications like electric vehicles, aerospace, grid storage, and other high-energy-density uses.
Investors can also find coverage of private placements, stock option grants, annual general meeting results, and participation in industry events such as the PDAC Convention and investor presentation forums. For anyone tracking TORVF, this news page provides a centralized view of Volt Carbon's reported progress in graphite purification, advanced carbon materials, and battery research programs.
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.
Volt Carbon Technologies Inc. (OTCQB: TORVF) announced a non-brokered private placement of up to 12,000,000 Units at $0.08 each, aiming for gross proceeds of up to $960,000. Each Unit consists of one common share and one warrant, which can be exercised at $0.16 for 24 months. The funds will be used for outstanding payables, equipment purchases, mineral claim evaluations, and working capital. A finder’s fee of 8% may be paid to eligible finders. The offering is subject to regulatory approval, with expected closing around March 31, 2023.
Volt Carbon Technologies Inc. (TSX-V: VCT, OTCQB: TORVF) has appointed Carmelo Marrelli as its new Chief Financial Officer effective March 1, 2023, pending TSX Venture Exchange approval. Marrelli, a Chartered Professional Accountant with over 20 years of experience, will bring valuable support to the company. Additionally, Volt Carbon has granted 1,500,000 stock options to a Director at an exercise price of $0.12 and 350,000 options to employees and consultants at $0.08, all expiring on February 28, 2028. The company thanks Dr. David Madill for his interim role as CFO.
Volt Carbon Technologies has acquired a 100% interest in the Abamasagi Lake Lithium Project, situated northwest of Nakina, Ontario. This acquisition was confirmed through the staking of 150 mining claims, covering 3100 hectares. The project area was identified for its potential lithium resources based on geological data from the Ontario government. The new claims are near Volt Carbon's existing Manitouwadge Graphite Project, allowing for more efficient exploration management. The company plans to explore this property further in 2023, possibly leveraging rare earth minerals for lithium-ion battery production.
Volt Carbon Technologies Inc. (OTCQB: TORVF) has announced promising test results for its solid-state lithium-metal batteries, produced at its Solid Ultrabattery facility in Guelph, Ontario. In 2022, these batteries achieved impressive cycle stability, with lithium metal coin cells reaching 400 cycles at 81.6% capacity, and pouch cells achieving 265 cycles at 81.8%. The company developed a proprietary non-flammable composite electrolyte aimed at enhancing safety by reducing risks like thermal runaway. Moving forward, Volt Carbon intends to exceed 800 cycles and 80% capacity, focusing on further advancements in nanotechnology and battery fabrication.
Volt Carbon Technologies Inc. has successfully staked a 100% owned Flake Graphite Project in the Manitouwadge Area, Ontario. The staking covers 128 mining claim cells across 2662 hectares, identified through extensive geological research. Located 28 km north of Manitouwadge and adjacent to existing graphite properties, these claims have potential for flake graphite exploration. The Company intends to utilize its air classifier technology for sampling and further exploration in 2023. The project promises opportunities for significant resource development in the critical mineral sector.
Volt Carbon Technologies Inc. (OTCQB: TORVF) announced the election of six directors during its Annual General and Special Meeting on November 21, 2022. Dr. William Pfaffenberger resigned as CEO after 15 years, effective November 25, 2022, and V-Bond Lee has been appointed as his successor. Dr. Pfaffenberger will exercise options and increase his shareholding to 5,794,807 shares. The board also approved an amended stock option plan. V-Bond Lee emphasized a focus on energy storage and mineral separation innovations, aiming to drive commercialization opportunities.
Volt Carbon Technologies Inc. (TSX-V: VCT) (OTCQB: TORVF) has announced the opening of a new Product Development Facility in Scarborough, Ontario, covering 2200 sq ft. The facility will support the development and commercialization of the company's patent pending air classifier technology for graphite separation. This new site features machinery for ore crushing and air classification trials, with half the equipment already relocated. CEO Bill Pfaffenberger stated the facility, expected to facilitate small batch sample runs by Q1 2023, aims to optimize graphite extraction techniques.