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This will position Volt Resources as a globally significant and diversified graphite producer.” - Trevor Matthews
The graphite mine and processing facilities are located adjacent to the town of Zavallya, approximately 280 km south of Kyiv.
“The signing of the binding Share Purchase Agreements is a significant step forward for Volt in its ambition to be a graphite producer.
"We have an opportunity to build relationships and obtain access to capital to support the expansion and product development plans."
"This funding leaves the company debt-free and well-funded to advance the proposed acquisition of the Zavalievsky Graphite business."
"We have the potential to be a key participant in the supply of graphite into the Europe market with access to other international markets.
African-focused gold and graphite explorer and developer Volt Resources will not be proceeding with the proposed acquisition of an 85% interest in the Luiri Hill gold project in Zambia.
Volt Resources has begun exploration at its Guinea gold projects in the Siguiri Basin, which forms part of the mineralised West African Birimian Gold Belt.