Volt Resources Ltd (AU:VRC) has released an update.
Volt Resources Ltd has announced the development of an innovative purification process to produce ultra-high purity graphite for lithium-ion battery anodes, boasting a high value, environmentally friendly approach. The company has leveraged its existing technology to produce the precursor anode material and anticipates early-stage revenue generation due to the low capital costs of the development. This breakthrough comes amid growing demand for battery materials and efforts to reduce reliance on Chinese-dominated supply chains.
For further insights into AU:VRC stock, check out TipRanks’ Stock Analysis page.