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An announcement from Volt Carbon Technologies Inc ( (TSE:VCT) ) is now available.
Volt Carbon Technologies has closed an oversubscribed non-brokered private placement, raising gross proceeds of C$197,050 through the issuance of 5,630,000 units priced at C$0.035, each consisting of one common share and a warrant exercisable at C$0.05 for 24 months, subject to a standard hold period. The funds are earmarked for intellectual property development, further progress on the company’s battery and mobile mineral separation technologies, and general working capital, a modest but strategic capital injection that supports its technology roadmap and could strengthen its positioning in the emerging energy storage and green materials space, pending final approval from the TSX Venture Exchange.
More about Volt Carbon Technologies Inc
Volt Carbon Technologies Inc. is a publicly traded carbon science company focused on energy storage and green energy creation, with specific interests in advancing battery technologies and mobile mineral separation technologies. The company also holds mining claims in Ontario, Quebec and British Columbia, positioning it within the broader Canadian resource and clean-technology sectors.
Average Trading Volume: 520,844
Technical Sentiment Signal: Hold
Current Market Cap: C$8.79M
For a thorough assessment of VCT stock, go to TipRanks’ Stock Analysis page.