Volt Carbon Technologies Inc (TSE:VCT) has released an update.
Volt Carbon Technologies Inc. has secured TSX Venture Exchange approval for an option agreement with E-Power Resources, thereby enabling Volt to acquire a 5% interest in the Tetepisca Graphite Project in Northern Quebec. The deal involves Volt committing to $680,000 in exploration expenditures by the end of 2024 and, if they exercise the option, an additional $1.5 million cash payment to EPR. The agreement also includes a provision for EPR to repurchase the option under certain conditions following a takeover transaction.
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