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The latest update is out from Volt Resources Ltd ( (AU:VRC) ).
Volt Resources Limited announced the issuance of 179,285,535 fully paid ordinary shares, which are exempt from on-sale restrictions under section 708A(5) of the Corporations Act 2001. This move aligns with Volt’s ongoing strategic initiatives, including the development of its Bunyu Graphite Project in Tanzania and the advancement of its graphite processing technology in the US, potentially strengthening its market position and operational capabilities.
More about Volt Resources Ltd
Volt Resources Limited is a critical minerals and advanced materials company listed on the Australian Stock Exchange under the ASX code VRC. The company is an established graphite producer and advanced materials developer, with a focus on downstream graphite business including high purity graphite processing technology. Volt’s operations include a wholly owned US subsidiary, Volt Energy Materials LLC, in Alabama, and projects in Tanzania, Guinea, and Serbia, focusing on graphite, gold, and lithium-borate mineralization.
Average Trading Volume: 30,667,270
Technical Sentiment Signal: Sell
Current Market Cap: A$49.73M
For a thorough assessment of VRC stock, go to TipRanks’ Stock Analysis page.