Volt Resources progresses us department of energy grant proposal

Volt Resources Limited (ASX: $VRC) has made significant progress in its downstream business activities by submitting a Concept Paper to the US Department of Energy (DOE) for a grant proposal exceeding US$100 million. The proposal aims to fast-track the design, construction, and commissioning of a planned 10,250 tpa integrated natural graphite anode powder plant located in the US. Volt has also obtained Letters of Support for the Purchase of over 9,000 tpa of Anode Powder from leading battery producers. The Full Proposals are due in March 2024, with the DOE expecting to announce successful applicants by August 2024.

Volt's perspective on the US Department of Energy grant proposal

Successful transformation of the Company from a junior miner to an integrated natural graphite anode producer remains our topmost priority. Volt is pleased with the customer interest in our planned 10,250 tpa natural graphite anode plant and the Company is confident of a successful grant application which will dramatically accelerate Volt's growth.

Summary of Volt Resources' US Department of Energy grant proposal progress

Volt Resources has taken significant steps towards securing a US Department of Energy grant exceeding US$100 million for the fast-track development of a 10,250 tpa integrated natural graphite anode powder plant in the US. The company's confidence in the successful grant application reflects its ambition to transform into an integrated natural graphite anode producer and accelerate its growth. With Full Proposals due in March 2024 and the DOE expected to announce successful applicants by August 2024, Volt Resources is poised for a potential milestone in its corporate strategy and expansion plans.