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Exactly right. Those are the trenchs and dry holes that come with mining. However, you assume that all mining companies open a mine. When they do, the drilling and proving up the reserves determines when and where to begin. This can take decades. However once again, many miners never intend to be come full fledge operators, They trade and sell assets and build up reserves then to sell later at a huge profit and overriding royalties. Nice. Now some go on to partner with others of deep pockets to develop the mines. Nicer yet. And always, any sale or farmout includes a real nice royalties from future production. I really like these pre-development miners as the upside is huge often. You need patience in the mining field.
18.9 Financing Requirements
Substantial additional capital is required to bring the Lochaber Property mine into
production, to commercialize the Air Classifier Technology and for other purposes.
WOW!
18.3 Uncertainty of Air Classifier Technology on a Commercial Basis
The Company’s proprietary Air Classifier technology for processing and purifying graphite
has not been used on a commercial basis by the Company and there is no certainty that
results achieved during small-batch testing, including those performed at when the Plant
was in operation or as part of the computer simulations, can be replicated in commercial
quantities, which would have a material adverse impact on the Company’s goals for the
technology. The Company will be required to provide graphite that meets certain
specifications. The inability of the Company to fully commission and scale-up its
operations to process and purifying graphite that meet those specifications may have a
material adverse effect on the Company.
https://www.otcmarkets.com/otcapi/company/financial-report/360237/content
How many mining/mineral sites are owned and active?
18.1 Risk of New Mining Operations
The Lochaber Property does not have an operating history. Whether income will result
from any of the Company’s activities, including, without limitation, the Lochaber
Property, will depend on the successful establishment of new mining operations,
including the construction and operation of a mine and the related infrastructure. As a
result, the Company is subject to all of the risks associated with establishing new mining
operations and business enterprises, including the timing and cost, which can be
considerable, of the construction of mining and processing facilities and related
infrastructure; the availability and cost of skilled labour and mining equipment; the need
to obtain necessary environmental and other governmental approval and permits and the
timing of the receipt of those approvals and permits; the availability of funds to finance
construction and development activities; potential opposition from non-governmental
organizations, environmental groups or local groups which may delay or prevent
development activities; and potential increases in construction and operating costs due
to changes in the cost of fuel, power, materials and supplies.
Various factors, including the successful construction, commissioning and ramp-up of a
mine on the Lochaber Property, costs, actual mineralization, consistency and reliability of
graphite grades, commodity prices, future cash flow and profitability can affect successful
project development, and there can be no assurance that current or future estimates of
these factors will reflect actual results and performance. The design and construction of
efficient processing facilities, the cost and availability of suitable machinery, supplies,
mining equipment and skilled labour, the existence of competent operational
management and prudent financial administration, as well as the availability and
reliability of appropriately skilled and experienced consultants can also affect successful
project development. It is common in new mining operations to experience unexpected
problems and delays during construction, development, mine start-up and
commissioning activities. Such factors can add to the cost of mine development,
production and operation and/or impair production and mining activities, thereby
affecting the Corporation’s profitability. Accordingly, there is no assurance that a mine on
the Lochaber Property will ever be brought into a state of commercial production or that
the Company’s activities will result in profitable mining operations.
Low float with growing mineral assets in a starving world. Yes, we will climb. Sin duda.
V Bonnie going to get the company delisted for invalid phone number on filings and website.
Live and learn new guy V Bonnie.
Looks like the world’s worst penny stock promo crew have moved on to pastures new.
Thankfully most potential victims saw past their pathetic attempts to pimp this most obvious of scams.
Giving away more shares. New CFO to keep tabs on mounting losses.
News is out:
Volt Carbon Technologies Announces the Appointment of a new CFO and Grants Options to a Director and Employees
February 15, 2023, Calgary, Alberta, Canada – Volt Carbon Technologies Inc. (“Volt Carbon” or the “Company”) (TSX-V: VCT) (OTCQB: TORVF) is pleased to announce the appointment of Carmelo Marrelli as Chief Financial Officer of the Company effective March 1st 2023, subject to approval by the TSX Venture Exchange (“TSX-V”).
Mr. Marrelli brings more than 20 years of financial reporting experience and brings significant experience and support to the Company. Mr. Marrelli is a Chartered Professional Accountant (CPA, CA, CGA), and a member of the Institute of Chartered Secretaries and Administrators, a professional body that certifies corporate secretaries. He received a Bachelor of Commerce degree from the University of Toronto. Mr. Marrelli is the principal of the Marrelli Group, an organization which has provided accounting, corporate secretarial and regulatory compliance services to listed companies on various exchanges for over twenty years. Mr. Marrelli acts as the Chief Financial Officer to several other issuers listed on the TSX, TSX-V and CSE, as well as non-listed companies, and serves as a director of certain issuers.
The company wishes to thank Dr David Madill for his role as Interim CFO.
Pursuant to the Company’s stock option plan, Volt Carbon announces that it has granted an aggregate of 1,500,000 options to a current Director of the Company with an exercise price of $0.12. Additionally, an aggregate of 350,000 options have been granted to current employees and consultants of the Company at an exercise price of $0.08. All options granted expire on February 28, 2028.
About Volt Carbon Technologies
Volt Carbon is a publicly traded carbon science company, with specific interests in energy storage and green energy creation, with holdings in mining claims in the provinces of Ontario, Quebec and British Columbia in Canada. For the latest information on Volt Carbon’s properties and news please refer to the website www.voltcarbontech.com.
On behalf of the Board of Directors,
Volt Carbon Technologies Inc.
V-Bond Lee, P. Eng.
CEO, President, Chairman of the Board and Director
Agreed Slick. Just sitting back waiting. Will take some time, but when it goes, it will go. Isnt going to happen probably as soon as we like. But according to Bill...its coming!
I'm pretty bullish on this also. This wont just pop, it will run !!!
Scam or no scam. With a share structure like this it won't take much to send it skyward.
Plus low share count like we have here, rarely are scams.
I would rate this as very bullish.
Now THAT ACCURATE prediction took NO TIME at all!!
ANOTHER SPOT ON accurate STOCK CALL in the making!
More likely that the crooks who own this scam will have their day in court.
Just like their promoters pimping it on social media in exchange for free shares that they dump at the earliest opportunity should also be prosecuted.
$TORVF 2-2-2023 Compared to Leading Competitor:
https://voltcarbontech.com/wp-content/uploads/2023/02/Volt-Carbon-Tech-2023-Feb-2-Final1555.pdf
Z
She will have her day in the sun..................
Z
“A Belated “Thank You!” to our shareholders who attended our last AGM. It was a pleasure to meet you, present updates, and answer your questions. Our new 2023 presentation is updated on website. For those who could not attend, Slide 7 recaps 2022 and was presented at our AGM.”
DOWN from a 1-yr high of ~$0.16 & seemingly HEADED for 5-year lows: MUCH FURTHER SOUTH than here...
So, yeah HARDLY the "Hottest Stock Now"... & by the looks of things; maybe not ever! Going... LOWER!!
Sorry,.... thems are THE FACTS here! They JUST KEEP LOSING MONEY: https://www.otcmarkets.com/otcapi/company/financial-report/348074/content
It is dated and people use the sight for changes to structure. In case of shares changing count or catagories
What effect will updating that information have ?
they need to update this part!!!TORVF SECURITY DETAILS
Share Structure
Market Cap Market Cap
8,640,386
02/03/2023
Authorized Shares
Unlimited
11/30/2022
Outstanding Shares
168,100,902
12/28/2022
Restricted
Not Available
Unrestricted
Not Available
Held at DTC
Not Available
Float
108,516,450
11/30/2022
Par Value
No Par Value
This stock sucks !!! It doesn't matter what the market does or what the sector does this stock rolls around the same small price area and does nothing. When the heck is this going to move other than between .04 - .05 ?
A wart in the shape of a $ sign.......lol
Z
Like a wart on a hog's butt!
Inch by Inch........step by step........slowly I turned........lol
Bottom Line: $TORVF is growing..........
Z
Claims are great. Getting them up and running is the issue. There are many costly hurdles.
The need for Lithium is insane. $TORVF having mining claims is a nice asset for the company. Noone can deny that.........
Z
we need a battery that will endure. be fast to charge. and last as long as the car does... is that so much to expect? that is why I am invested here. if they deliver I can guarantee they will not need a facility or anything fancy they will be bought outby a car company quickly!
At some point soon the EV sector will get hot again and will stay hot for a long time. This thing will take off with the rest of them.
Staying long!
The latest PR for mining claims is just more fluff. One only has to use the online Ontario Mining Lands Administration System. This just the starting point for a long expensive process.
https://www.ontario.ca/page/mining-lands-administration-system
The claim only gives the owner minimal rights.
Rights of mining claim holders and lessees
Mining claim holders
As a claim holder, you have the right to:
explore for minerals on, in, or under the claim
obtain a lease of the claim, once the requirements of the Mining Act and its regulations have been fulfilled
You have no right to develop, take or dispose of any minerals found on, in or under the land, except in limited circumstances where:
the government has granted a permission to test
extraction is below certain thresholds
To keep their claims in good standing, you must perform eligible assessment (exploration) work to satisfy annual required units of assessment work.
https://www.ontario.ca/page/mining-leases#:~:text=Rights%20of%20mining%20claim%20holders%20and%20lessees,-Mining%20claim%20holders&text=As%20a%20claim%20holder%2C%20you%20have%20the%20right%20to%3A,its%20regulations%20have%20been%20fulfilled
$TORVF News!:
Volt Carbon Technologies Stakes Lithium Mining Claims in Northern Ontario
January 31, 2023, Calgary, Alberta, Canada – Volt Carbon Technologies Inc. (“Volt Carbon” or the “Company”) (TSX-V: VCT) (OTCQB: TORVF) is pleased to announce the acquisition by staking of a 100% owned Abamasagi Lake Lithium Project, (the "Project") located northwest of Nakina, Ontario, Canada. The mining claims were registered directly by Volt Carbon.
The staking was completed following a detailed review of several publicly available Ontario Government geological databases and publications. A total of 150 Mining Claim cells were registered by electronic staking through the Ontario Mining Lands Administration System portal, covering a total area of 3100 hectares. A map showing Volt Carbon’s mining claims is overlaid on top of the map provided by the Ontario Ministry of Northern Development (the “OMND”) publication “Recommendations for Exploration 2021-2022” [1] and is shown in Figure 1 below. Target area 6 was recommended by the OMND publication as a grassroots exploration property for lithium based on lake sediment anomalies. The area outlined in red and was staked by Volt Carbon. The map provided by the OMND publication showed 98th percentile deep sediment samplings of lithium and cesium anomalies in Abamasagi Lake near the areas staked by Volt Carbon.
Z
Timelines have not been met. Volt has an offtake agreement hoping for Ameca graphite. 3 years waiting. https://money.tmx.com/fr/quote/TORVF:US/news/4816589473078394/Saint_Jean_Carbon_Announces_Results_of_AGM_and_OffTake_Agreement
You and I have been "playing" in this game of credibility involving STHC/Ameca for 3 years.
Your upgrade from "never" to "unlikely" is nearing assuring. lol
https://www.southcorpcapitalinc.com/_files/ugd/1416ce_8deb108658e74ef4a598a777b705a706.pdf
All we can do is whine with wait about it all until fall or rise of the Phoenix. gl
Unlikely.
Southcorp Capital, Inc. (STHC) Provides Shareholder Update and Announces Change of Control
Wilmington, Delaware--(Newsfile Corp. - August 12, 2020) - Publicly-held Southcorp Capital, Inc. (OTC Pink: STHC) announces the completion of a change of control with Mark Bolster in which Mr. Bolster acquired control through a super voting preferred class of shares from Synergy Management and confirmation of STHC's business model shift to the mining industry. As part of the transaction Mark Bolster was also made the sole officer of the company and Benjamin Berry resigned his positions.
"The focus and strategy going forward in the coming months will be to bring the status of the company current with OTC Markets, and to complete a reverse takeover (RTO) with AMECA Mining," stated Mark Bolster, Chief Executive Officer. "We have many exciting announcements to make once we complete the transaction with AMECA."
Southcorp Capital, Inc. has started compiling the initial information to OTC Markets needed to become current. In connection therewith, the company also plans to seek a name and symbol change by application to FINRA in order to better reflect the newly combined company's new business model. Management expects that such milestones will be completed in the coming months.
Benjamin Berry has begun the closeout process with the Delaware courts to discharge as court appointed custodian. "I'm very pleased we were able to put Southcorp Capital, Inc. onto a path of becoming a viable business once more," stated Benjamin Berry, Court Appointed Custodian. "I believe the new management is prepared and ready to deliver for the STHC shareholders."
Volt needs STHC (Ameca) to become current to get a charge. Do you think STHC will become current?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170762541
I have posted many times that this is just a dream and even if successful it would take many years and millions.
someone sold and moved on
Down 20% in a day and there are no comments in here? No speculations ? No theories ?
Title to mineral property interests
Although the Company has taken steps to verify title to mineral properties in which it has an
interest, these procedures do not guarantee the Company’s title. Such properties may be
subject to prior agreements or transfers and title may be affected by undetected defects.
The Company is in the process of developing mineral properties and developing battery
technology through its wholly-owned subsidiary Solid Ultrabattery Inc. The Company also
generates incidental revenue by processing raw materials through its mill.
To date, the Company has not earned significant revenues and is considered to be in the
exploration stage of mining and development stage for developing the battery technology.
As at July 31, 2022, the Company has incurred a loss from operations of $2,127,717, has a
working capital deficit of $932,982, negative cash flow from operations of $1,642,439 and an
accumulated deficit of $27,705,393. As the Company currently has no significant revenue
generating activity, it is dependent upon obtaining additional equity and debt financing to
fund its research activities and continue as a going concern. During the period, the Company
raised proceeds of $2,500,000 through the issuance of shares through private placement,
$100,000 from the exercise of stock options, $159,188 from the exercise of warrants and
proceeds of $480,000 from debt financing.
https://www.otcmarkets.com/otcapi/company/financial-report/348074/content
TORVF Twitter Update getting interesting from now on
We have reorganized the Projects Section of our website as per picture below. All 43-101 tech reports are referenced with the appropriate mineral deposits. Interesting to note Redbird Moly/Copper Deposit contains 195M lbs of Moly (inferred & indicated). Moly is at $76US/Kg pic.twitter.com/kQwJHshs9L
— Volt Carbon Technologies Inc. (@VoltCarbonTech) January 24, 2023
Let me know when something is beyond testing in a garage....
Yes. However just cause they're scientists doesn't mean they can't give us updates here and there.........nothing critical.....just shit that doesn't require an atty to vet it. I've talked to V-Bond lately and advised him to improve their contact with their owners (us)......I think maybe he will....
Z
Look at how naive Tesla was at handling his business. He changed our world and died broke.
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$TORVF: We're betting on a winning horse here:
Dr. Zhongwei Chen
https://uwaterloo.ca/chemical-engineering/profile/zhwchen
His name is on 46 patents:
https://patents.google.com/?inventor=Zhongwei+Chen&assignee=Zhongwei+Chen&sort=new
Solid UltraBattery Patent:
https://patents.google.com/patent/WO2021189161A1/en?q=volt+carbon&assignee=volt+carbon+technologies,Solid+Ultrabattery+Inc.
Imagine you are a really smart chemical engineer with a PhD and tired of inventing while the companies you work for own and get all the revenue on the patents you helped them develop.
The corp. exec's hoard all the cash and invent nothing!
So, you start your own solid-state battery company, develop batteries the way "you" want without upper management fucking up the program, file patent applications, and own your ideas.
The "theory" here with Volt Carbon is tested, revised, put into practice, patent(s) filed, mfg. methods developed with "Scale-up" in mind, go after vertical markets, get clients, sell solutions.
That is what is going on with Volt Carbon.
PhD's have their PhD because they do their homework better than everyone else.
No B.S.
No Scammers.
PhD's have a little more integrity than the average person and do what they say they're going to do.
This isn't your average pink.
$TORVF: Zero Convertibles! All funding by Private Placement, Options and Warrants:
Latest 10Q: https://www.otcmarkets.com/otcapi/company/financial-report/338792/content
"During the period, the Company raised proceeds of $2,500,000 through the
issuance of shares through private placement, $100,000 from the exercise of stock options, $159,188 from the exercise of warrants and
proceeds of $480,000 from debt financing"
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