The latest announcement is out from Volt Resources Ltd ( (AU:VRC) ).
Volt Resources Ltd has addressed a price and volume query from the ASX, confirming no undisclosed information that could explain recent trading activity. The company attributes the trading to news of a significant critical minerals deal between the US and Ukraine, which positively impacts Volt due to its substantial interest in the Zavalievsky Graphite mine in Ukraine. Additionally, Volt is progressing discussions on a proposed graphite refinery in the USA, following a recent roadshow in Saudi Arabia and Dubai to attract strategic investors.
More about Volt Resources Ltd
Volt Resources Ltd is a company involved in the graphite industry, holding a 70% interest in the Zavalievsky Graphite mine in Ukraine. This mine has been operational since 1934, producing graphite for European and Asian markets. It is one of the few operational graphite mines in Europe and has been recognized as a strategic asset by the European Institute of Innovation & Technology and the European Raw Materials Alliance.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$13.59M
Learn more about VRC stock on TipRanks’ Stock Analysis page.