VEM Awarded US$5.4M Non-Dilutive Funding from US DoW

Key points

• $5.4M Non-Dilutive Funding Awarded by US DoW
• Fully Funded by US Government
• Accelerates US Graphite Refinery Development

Full summary

Volt Resources Ltd. (ASX: VRC) announces that its US subsidiary, Volt Energy Materials LLC, has received a US$5.4 million non-dilutive funding award from the US Department of War. This funding, fully covered by the US government, will support the development of a US-based graphite refinery and a Customer Application/R&D Center. The award accelerates planned developments at the Volt Tech Center and strengthens domestic critical mineral independence. The project will be led by Dr. Prashant Chintawar, CEO of Volt Energy Materials LLC and Volt Resources Limited.