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.
Volt Carbon Technologies Inc. develops dry mineral separation and air classification technology for graphite processing and advanced carbon materials. Company news commonly covers its proprietary dry separation platform, patent activity, graphene and expandable graphite development, lithium-metal battery research, and customer evaluation work at its Guelph operations. Updates also address technical work involving graphite purification, battery materials, metal-organic framework electrolyte applications, and selected mineral property data, along with capital actions such as private placements and stock option grants.
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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.