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Calgary, Alberta--(Newsfile Corp. - July 26, 2023) - Volt Carbon Technologies Inc. (TSXV: VCT) (OTCQB: TORVF) ("Volt Carbon" or the "Company") is pleased to announce the amicable settlement of a lawsuit with a former director and officer of the Company.
Yeah. $500 worth.
That’s more than Hans Brost gets in a whole year for pimping scams like this.
More fluff!
The Preliminary Mineral Processing Agreement outlines a path forward from initial feasibility studies, to bulk sampling and testing, and through to mine development and production.
Of course they do.
But it's very "preliminary".
LOL.
News out 06-05-2023: GREEN BATTERY MINERALS AND VOLT CARBON TECHNOLOGIES ENTER INTO PRELIMINARY MINERAL PROCESSING AGREEMENT
2:14 PM ET, 06/05/2023 - GlobeNewswire
VANCOUVER, BRITISH COLUMBIA, June 05, 2023 (GLOBE NEWSWIRE) -- Green Battery Minerals Inc. ("GEM") (TSX-V: GEM, FSE: BK2P, WKN: A2QENP OTC: GBMIF) in conjunction with Volt Carbon Technologies Inc. (“VCT” or “Volt Carbon”) (TSX-V: VCT, OTCQB: TORVF, BERLIN: WNF) is pleased to announce the signing of a preliminary mineral processing agreement dated as of June 1, 2023 (the “Preliminary Mineral Processing Agreement”).
Background
With reference to GEM’s prior News Release dated May 16, 2023, GEM provided Volt Carbon with a single 5 kilogram sample (the “Sample”) of crushed feedstock that was obtained from GEM’s 100% owned Berkwood Graphite project in Quebec, Canada. Volt Carbon processed the Sample using its proprietary dry separation process technology as a test. The test result yielded 146 grams of graphite flake per kilogram of crushed feedstock, reflecting a 14.6% yield of graphite flakes per kilogram of feedstock. The processed material was subsequently sent to a third-party lab (Base Metallurgist Laboratories Ltd. in Kamloops, British Columbia) for independent testing. Base Metallurgist Laboratories Ltd. independently verified that the Volt Carbon-processed Sample yielded a graphite content of 91.55%, with total carbon showing at 97%.
VCT’s Proprietary Dry Separation Process
Volt Carbon has developed a proprietary dry separation process that uses air as its separation medium (the “Process”). The major benefits of the Process compared to traditional processing are that the Process: (i) does not use water, which eliminates a significant amount of waste traditionally associated with the purification of graphite due to its solventless and reagentless nature; (ii) does not produce an effluent; and (iii) the Process results in the retention of the original quality of the graphite flakes (large +50 mesh and jumbo +35 mesh sized flakes). Importantly, GEM and Volt Carbon believe that large and jumbo sized flakes attain premium pricing due to their high-end performance as anode material for lithium-ion batteries (“LIBs”).
Figure 1: Samples of ore, feedstock and air separated graphite
Thomas Yingling, CEO of Green Battery Minerals, commented “We are excited to team up with V-Bond Lee, President of Volt Carbon. Mr. Lee has successfully developed and commercialized new innovations and technologies for various fortune 500 companies, Mr. Lee has over 35+ years of engineering experience, and holds patents in both automotive and aerospace industries. We look forward to working with Mr. Lee.”
Path Forward
Based on the results from the Sample test, GEM and Volt Carbon negotiated and signed the Preliminary Mineral Processing Agreement. The Preliminary Mineral Processing Agreement outlines a path forward from initial feasibility studies, to bulk sampling and testing, and through to mine development and production.
In the feasibility phase, the graphite ore will be extracted from GEM’s Berkwood Graphite project, delivered to Volt Carbon’s test processing facility located in Scarborough, Ontario (“VCT’s Facility”) and then processed by Volt Carbon using the Process. The objective of the feasibility phase is to collect sufficient data so that Volt Carbon can reasonably estimate the capital expenditures required to manufacture the proprietary portable machinery needed to conduct the bulk-sampling phase. Although the ore processing is expected to cost an aggregate of $50K/ton, Volt Carbon expects that it will be necessary to raise additional capital to fund the manufacture of the portable machinery.
Assuming the successful manufacture of he portable machinery required, in the bulk-sampling phase, the graphite ore will be extracted from GEM’s Berkwood Graphite project, GEM will crush the graphite ore to 4 inch and deliver the same to VCT’s Facility for processing using the Process. It is expected that the flake graphite extracted from the bulk-samples will be saleable and GEM and Volt Carbon have agreed to share the profits from the sale of the same on a 50/50 basis.
In the mine production / development phase, the graphite ore will be extracted from GEM’s Berkwood Graphite project, GEM will crush the graphite ore to -12 mesh and deliver the same to VCT’s Facility for processing using the Process. The profits from the sale of the graphite concentrate will be split on a 50/50 basis.
Thomas Yingling, CEO of Green Battery Minerals, commented, “Following our successful tests, we are pleased to now have formalized a processing agreement that will provide us with access to an exceptional technology that not only delivers higher quality end product, but that does not produce toxic effluent. Furthermore, we have reasons to believe that the new technology has major cost benefits, which we will determine more accurately during this next phase. In conversations with major car manufacturers, the end market for most LIBs, it has become clear that the environmental footprint is a major deciding factor in supplier selection. Even with the shortage of graphite, having a process that provides such major improvements over traditional processing methods positions us well to become an important supplier of battery minerals to the EV industry and beyond.”
“The mineral processing agreement is a great step forward for Volt Carbon to develop a recurring revenue stream in graphite purification. Our dry processes will enable sustainable mineral separation processes using no water. Our team is developing this method to be one of the most ESG friendly ways of mineral separation. I’m looking forward to seeing the scale up of the dry separation process with GEM.” – V-Bond Lee, CEO of Volt Carbon Technologies.
About Volt Carbon
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.
About GEM
Green Battery Minerals is managed by a team with over 150 years of collective experience with a proven track record of mine discovery, commissioning and operation. Green Battery Minerals owns 100% of the Berkwood graphite deposit in Québec. Green Battery Minerals’ goal is to define sufficient graphite to ensure Berkwood graphite deposit will be resourced to mine high-demand product in sufficient quantities to comprise a significant feed the electric vehicle battery market for multiple decades.
Qualified Person
Christian Derosier, P.Geo., PhD., is the qualified person (QP) as defined in National Instrument 43-101. Dr. Derosier has reviewed and approved the technical content of this news release.
On behalf of the Board of Directors of Green Battery Minerals Inc,
Thomas Yingling
President, CEO & Director
Contacts:
Tel: (604-343-7740)
info@greenbatteryminerals.com www.greenbatteryminerals.com
On behalf of the Board of Directors of Volt Carbon Technologies Inc,
V-Bond Lee, P. Eng.
CEO, President, Chairman of the Board and Director
Contacts:
Email: info@voltcarbontech.com
Tel: (647-546-7049)
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements, within the meaning of applicable securities legislation, concerning Volt’s business and affairs. In certain cases, forward-looking statements can be identified by the use of words such as ‘‘plans’’, ‘‘expects’’ or ‘‘does not expect’’, “intends” ‘‘budget’’, ‘‘scheduled’’, ‘‘estimates’’, “forecasts’’, ‘‘intends’’, ‘‘anticipates’’ or variations of such words and phrases or state that certain actions, events or results ‘‘may’’, ‘‘could’’, ‘‘would’’, ‘‘might’’ or ‘‘will be taken’’, ‘‘occur’’ or ‘‘be achieved’’.
These forward-looking statements are based on current expectations and are naturally subject to uncertainty and changes in circumstances that may cause actual results to differ materially. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. Such statements include the statement with respect to: (i) GEM’s and Volt Carbon’s belief that large and jumbo sized flakes attain premium pricing due to their high-end performance as anode material for lithium-ion batteries; (ii) the ability of Volt Carbon to collect sufficient data during the feasibility phase to allow Volt Carbon to reasonably estimate the capital expenditures required to manufacture the proprietary portable machinery needed to conduct the bulk-sampling phase; (iii) the expectation that the ore processing will cost an aggregate of $50K/ton; (iv) the expectation that Volt Carbon will need to raise additional capital to fund the manufacture of the portable machinery; (v) the expectation that the flake graphite extracted from the bulk-samples will be saleable; (vi) the belief by GEM and Volt Carbon that the sale of the flake graphite extracted from the bulk-samples will result in profits. A number of factors, including those discussed above, could cause actual results to differ materially from the results discussed in the forward-looking statements. Any such forward-looking statements are expressly qualified in their entirety by this cautionary statement.
All of the forward-looking statements made in this press release are qualified by these cautionary statements. Readers are cautioned not to place undue reliance on such forward-looking statements. Forward-looking information is provided as of the date of this press release, and Volt assumes no obligation to update or revise them to reflect new events or circumstances, except as may be required under applicable securities legislation.
I was being kind.
“So it looks like nothing until at least next year.”
Or nothing ever, in the real world.
So it looks like nothing until at least next year.
We will begin to ramp up our battery performance to achieve higher energy densities during the last half of the year,” said V-Bond Lee, CEO and President of Volt Carbon.
o volume because it is a scam.
How come it always has the exact same volume every day ?
This has not done anything for years business wise. It was pumped. But if one reads their fins, they are years away from anything. If ever!
. 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.
16.3 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.
16.5 Technological Uncertainties that may affect Commercialization
The Company’s solid electrolyte battery technology and DNA Sensor technology is
currently in the research and development phase. There is a risk that these technologies
will not perform as expected and therefore, the Company may encounter delays to
commercialization or may run the risk that the technologies will never be successfully
commercialized. This means that the Company may never receive revenues or return on
these research and development projects.
16.9 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.
16.10 Negative Operating Cash Flow
As the Company currently has a negative operating cash flow and may continue to have
that for the foreseeable future. The Company’s failure to achieve profitability and positive operating cash flows could have a material adverse effect on its financial condition and results of operations.
https://www.otcmarkets.com/otcapi/company/financial-report/363694/content
You ain't kidding. I quit putting stop losses on things because they would hit the strike price on the stop loss, sell, and then rocket up over 100%. The others I don't put stop losses on just dive forever.
Soon as you do $TORVF will run........lol.......Stuff always takes longer. Just remember that they are working very hard, and the value here is pretty awesome....Getting some hints that something will happen soon............fwiw
Z
This thing has been sleeping for way too long now. I'm about ready to pull my money out and take my losses.
The several that failed. But the crew will be back on any "good" news.
All of their business lines are years away, if ever. The company even admits to it.
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.
16.3 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.
16.5 Technological Uncertainties that may affect Commercialization
The Company’s solid electrolyte battery technology and DNA Sensor technology is
currently in the research and development phase. There is a risk that these technologies
will not perform as expected and therefore, the Company may encounter delays to
commercialization or may run the risk that the technologies will never be successfully
commercialized. This means that the Company may never receive revenues or return on
these research and development projects.
16.9 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.
16.10 Negative Operating Cash Flow
As the Company currently has a negative operating cash flow and may continue to have
that for the foreseeable future. The Company’s failure to achieve profitability and positive operating cash flows could have a material adverse effect on its financial condition and results of operations.
Mine reports reports from the companies filings.
3.2 Red Bird Property
The Red Bird molybdenum property consists of three mineral claims situated in the
Skeena Mining Division of west central British Columbia 133 kilometers southwest of
Burns Lake and 105 kilometers north of Bella Coola. The property covers an area of 444.49
hectares centered on latitude 53°17’44” North and longitude 127°00’34” West in NTS
map area 93E/6.
The Company presently holds a 25% undivided interest in the Red Bird Property.
Why isn't Phelps Dodge Corporation actively developing thios mine?
https://thediggings.com/mines/usgs10279014
Mount Copeland Property
The Mount Copeland Property featured underground production (1970-73) which
produced 171,052 tonnes of molybdenum ore and produced 1,193,222 Kg of
molybdenum. The calculated head grade for this production was 0.732% Mo. When the
Mount Copeland Property was in production in 1970 development work indicated
163,340 tonnes of ore at a grade of 1.83% MoS2 (or 1.1 % molybdenum). The ore indicated
prior to mining, has been essentially extracted.
https://thediggings.com/mines/usgs10279014
3.4 Lochaber Property
The Lochaber Property is located in the Province of Quebec. The Property consists of nine
tenures (540.82 ha). The tenures are registered with the Ministère de l’Énergie et
Ressources Naturelles du Québec (MERN) to the Company. The nine tenures all expire on
June 23, 2023. Volt plans to continue to keep these tenures in good standing beyond 2024
by performing further exploration. It is anticipated that the Company’s air classification
process may be used in the future development of the Lochaber Property.
https://www.otcmarkets.com/otcapi/company/financial-report/363694/content
Now who will say that the above are standard disclaimers?
SMH
What pump exactly?
Total Dollar Volume - $599 - six hunnert bucks - that'd buy 40 minutes of my time.
Such a low-volume day is nott a "move", it is nott even a fart. It is some poor low-dollar victim who stepped on this dogshit pennyscam and will regret it when he looks at his shoes in next quarter's brokerage statement and all the ones after that.
This pennystock is a suitable investment for no one. Well, unless they are actively seeking to generate a capital loss.
This obvious pump-and-dumpster fire are in the terminal stages of crash-and-burn-Mav land.
Yes. $TORVF had a nice day. She's pretty thin..............
Z
On 10,000 shares?
SMH
It is Great to see that TORVF is moving ... This is a Real Sleeper!!!
Shermann
Mine reports reports from the companies filings. Not CYA, but facts.
3.2 Red Bird Property
The Red Bird molybdenum property consists of three mineral claims situated in the
Skeena Mining Division of west central British Columbia 133 kilometers southwest of
Burns Lake and 105 kilometers north of Bella Coola. The property covers an area of 444.49
hectares centered on latitude 53°17’44” North and longitude 127°00’34” West in NTS
map area 93E/6.
The Company presently holds a 25% undivided interest in the Red Bird Property.
Why isn't Phelps Dodge Corporation actively developing thios mine?
https://thediggings.com/mines/usgs10279014
Mount Copeland Property
The Mount Copeland Property featured underground production (1970-73) which
produced 171,052 tonnes of molybdenum ore and produced 1,193,222 Kg of
molybdenum. The calculated head grade for this production was 0.732% Mo. When the
Mount Copeland Property was in production in 1970 development work indicated
163,340 tonnes of ore at a grade of 1.83% MoS2 (or 1.1 % molybdenum). The ore indicated
prior to mining, has been essentially extracted.
https://thediggings.com/mines/usgs10279014
3.4 Lochaber Property
The Lochaber Property is located in the Province of Quebec. The Property consists of nine
tenures (540.82 ha). The tenures are registered with the Ministère de l’Énergie et
Ressources Naturelles du Québec (MERN) to the Company. The nine tenures all expire on
June 23, 2023. Volt plans to continue to keep these tenures in good standing beyond 2024
by performing further exploration. It is anticipated that the Company’s air classification
process may be used in the future development of the Lochaber Property.
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.
16.3 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.
16.5 Technological Uncertainties that may affect Commercialization
The Company’s solid electrolyte battery technology and DNA Sensor technology is
currently in the research and development phase. There is a risk that these technologies
will not perform as expected and therefore, the Company may encounter delays to
commercialization or may run the risk that the technologies will never be successfully
commercialized. This means that the Company may never receive revenues or return on
these research and development projects.
16.9 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.
16.10 Negative Operating Cash Flow
As the Company currently has a negative operating cash flow and may continue to have
that for the foreseeable future. The Company’s failure to achieve profitability and positive operating cash flows could have a material adverse effect on its financial condition and results of operations.
https://www.otcmarkets.com/otcapi/company/financial-report/363694/content
“just know that $TORVF has significant value.”
Maybe it has value to the crooks who organise this sorry scam, and to the crooks they hire to pimp it on social media - the very dregs of the penny stock promoting scum pool- but as a stock it’s worthless.
Based on their latest filings it will probably years, if ever. I have gleaned som "highlights" from their filings published on 03/31/2023.Of note is that they have mounting debt and continually uses Private Placements which do not cover expenses and will cause dilution.
. 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.
16.3 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.
16.5 Technological Uncertainties that may affect Commercialization
The Company’s solid electrolyte battery technology and DNA Sensor technology is
currently in the research and development phase. There is a risk that these technologies
will not perform as expected and therefore, the Company may encounter delays to
commercialization or may run the risk that the technologies will never be successfully
commercialized. This means that the Company may never receive revenues or return on
these research and development projects.
16.9 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.
16.10 Negative Operating Cash Flow
As the Company currently has a negative operating cash flow and may continue to have
that for the foreseeable future. The Company’s failure to achieve profitability and positive operating cash flows could have a material adverse effect on its financial condition and results of operations.
https://www.otcmarkets.com/otcapi/company/financial-report/363694/content
Don't know.......just know that $TORVF has significant value..........
Z
So when is this thing going to get some news that moves it ?
No. The common shares can be sold at any price after a four month and one day holding period. The warrants to buy a share are @.16
Volt Carbon Technologies Inc. (“Volt Carbon” or the “Company”) (TSX-V: VCT) (OTCQB: TORVF), is pleased to announce that it has closed the first tranche of the private placement (the “Offering”) announced on March 6, 2023, by issuing an aggregate number of 3,050,000 units (“Units”) at a price of $0.08 per Unit for gross proceeds of $244,000 (the “First Tranche”).
Each Unit consists of one (1) common share in the capital of the Company and one (1) common share purchase warrant (each a “Warrant”). Each Warrant entitles the holder to acquire one (1) additional common share in the capital of the Company (each a “Warrant Share”) at an exercise price of $0.16 per Warrant Share for a period of 36 months from the date of issuance. All common shares issued under the First Tranche will be subject to a four month and one day hold period.
An insider of the Company purchased or acquired direction and control over a total of 625,000 Units under the First Tranche of the Offering.
https://www.globenewswire.com/news-release/2023/03/30/2637522/0/en/Volt-Carbon-Technologies-Announces-Closing-of-First-Tranche-of-Private-Placement-for-gross-proceeds-of-244-000.html
Volt Carbon Technologies Announces Closing of First Tranche of Private Placement for gross proceeds of $244,000
News release dated: 2023-3-30
What do you make of this news that is out today ? Are they saying those who bought the warrants/shares have to sell them at a minimum of 16 cents a share ?
Strike Out-YES !!! Before the umpire calls the final out there will be 9 full innings of play with a lot of runs !!!
Not many companies have as much going for them as $TORVF ......of course the whole market is in the toilet......but we're gonna have some amazing news one day, and she'll run hard.....
Z
A DAY, or ONE DAY seems like a reasonable prophesy. Any stock can get pimped & pumped to the tune of a near 30% gain on 500 shares (like earlier today).
But this WILL break down THROUGH that $0.04 level sooner rather than later!
A HELLACIOUS drop from $0.16+, & will CUT DEEPER... Those who are "supporting" this stock,... LIKE MANY OTHERS in the OTC, have no clue what they're doing --- & frankly, WHAT THEY OUGHT to be doing, how they SHOULD be utilizing their time, & how to support a REVERSAL!
Until then,.... this (like MANY OTHER) OTC stock is heading LOWER! Mark it. I'll come back & check what I wrote. Keep myself honest. That's why I write it out so I can REVIEW my calls at a LATER DATE!
GLA
But NO FOLLOW through! 500 shares PUMPING the stock ~27% demonstrates this. The absence of momo, real support, & follow through suggests those $0.04's will get TESTED AGAIN & very soon.
If the narratives, outreach & broadcasting doesn't pick-up I'm expecting the RETRACE (on what could be viewed as STELLAR NEWS) to cut much deeper!
People seemingly have NO CLUE how the OTC works & operates. Fundamentals aren't as "critical" as most folks think.... And there have been many, MANY STOCKS through the years to PROVE this! Looks like any volume that comes in here is TO THE DOWNSIDE trend!
One news piece isn't going to change that -- not in THIS economic environment!
GLA!
One day the ump will yell "strike out!" for this scam of a company, and for its fifth rate boosters on social media.
Attention will come. It doesn't rain forever. One day the sun will shine and we will all here the ump yell "play ball !"
Look at all the attention today!
Government contracts garners peoples attention and can lead to more contracts.
Look at their total expenses v their research expense. Over $1 million in consulting and office expenses!
For the year ended October 31, 2022
Research & Development MineralExploration Corporate Total
Revenue $ - $ - $ - $
October 31, 2022 -
Consulting fees 393,469 - 254,344 647,813
Office and general 107,434 - 409,154 516,588
Stock-based compensation 205,775 - 184,816 390,591
Research expenses 152,386 - - 152,386
Amortization on right-of-use assets 131,141 - - 131,141
Amortization on capital assets 111,334 - 9,630 120,964
Professional fees 7,265 - 364,684 371,949
Investor relations - - 84,324 84,324
Rent and occupancy expenses 84,134 - - 84,134
Regulatory and filing fees - - 78,979 78,979
Interest on lease liabilities 65,570 - - 65,570
Loan interest and bank charges - - 63,394 63,394
(Gain) loss on foreign exchange - - 5,724 5,724
Reversal of accrued liability - - (57,645) (57,645)
Reversal of impairment - (100,000) - (100,000)
Total expenses (recovery) 1,258,508 (100,000) 1,397,404 2,555,912
Net income (loss) for the year $(1,258,508) $ 100,000 $ (1,397,404) $ (2,555,912)
More BS.What will they be able to do with such a small amount?
DAIR will be supporting 75% of total project cost, to a maximum of $75,000
Volt Carbon Technologies Announces Subsidiary Solid Ultrabattery as a Successful Applicant of the DAIR Green Fund
10:30 am ET March 14, 2023 (Globe Newswire) Print
GlobeNewswireMarch 14, 2023
Calgary, Alberta, Canada, March 14, 2023 (GLOBE NEWSWIRE) -- Volt Carbon Technologies Inc. ("Volt Carbon" or the "Company") (TSX-V: VCT) (OTCQB: TORVF) in conjunction with Downsview Aerospace Innovation & Research (DAIR) is pleased to announce that its subsidiary, Solid Ultrabattery Inc. is a successful applicant of the DAIR Green Fund for a project titled "Development of lithium-ion battery for small drone and UAV applications."
Funding Initiative
The DAIR Green Fund empowers small and medium-sized enterprises (SMEs) to transform the southern Ontario aerospace industry through sustainable and green aviation technologies and solutions. Funded by the Government of Canada through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), this initiative fuels DAIR's mission to revolutionize the collaborative environment by catalyzing innovation in aerospace and beyond. By strengthening forward-thinking ideas and providing SMEs with technology, collaboration, partnerships, people and services, the DAIR Green Fund drives impactful change across our industrial sectors and better outcomes for Canada's sustainable aerospace goals.
Funding Overview
DAIR will be supporting 75% of total project cost, to a maximum of $75,000, and Solid Ultrabattery Inc. will contribute the remaining 25% of total project cost.
Process Overview
DAIR launched a call for proposals in the fall of 2022. Submitted projects were assessed by a review committee to ensure a tenable means to achieve target metrics was established. The committee reviewed projects to determine those that would be supported by the DAIR Green Fund and looked at issues such as pathway to commercialization, collaboration, leveraged support and impact on the industry, as related to green aviation and sustainability.
Project Duration
DAIR began accepting applications to the fund in the fall of 2022. Applications were accepted until all eight (8) available spots for the program were filled. SMEs will report back and complete activities by March 31, 2024.
Project Scope
The project aims to develop Lithium ion batteries to meet the rigorous demands of aerospace applications starting with a small 5Ah cell as a single building block. The project will be overseen by Dr. Zhongwei Chen, University of Waterloo and Solid Ultrabattery's battery lead, Dr. Hey Woong Park. The single-cell pack is expected to be initially trialed on a small drone weighing in at the "under 1 kg weigh class."
"The team at Solid Ultrabattery is very excited to work on a potential aerospace application for our battery technology. The Government of Canada's support through DAIR will help Solid Ultrabattery continue its drive to commercialize its intellectual property," said V-Bond Lee, CEO and President of Volt Carbon.
Today, the team at Solid Ultrabattery joined DAIR and fellow DAIR Green Fund recipients at an event to celebrate being one of the eight innovative projects receiving Green Fund support. They were joined by the Honourable Filomena Tassi, Minister responsible for FedDev Ontario, along with Ya'ara Saks, Member of Parliament, York-Centre. The event was held at the Landing Gear Innovation Lab, Centennial College at the Downsview Campus (North York) and part of the DAIR hub.
"To meet our goal of becoming a net-zero economy, we must ensure that we are providing the new capabilities and technology for industries to easily make the transition. The DAIR Green Fund provides supports to businesses who are leading the charge in creating sustainable innovations that will help grow Canada's aerospace industry. The eight businesses in southern Ontario that we are celebrating today have created environmentally friendly projects that will keep this industry competitive globally and create more jobs nationally. Our government is committed to finding new ways to move toward a greener economy that works for everyone." - Hon. Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario
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.
About DAIR
Downsview Aerospace Innovation & Research (DAIR) is a not-for-profit whose mission is to revolutionize the collaboration environment by catalyzing innovation in aerospace and beyond. DAIR supports its members by offering access to state-of-the-art equipment and infrastructure to accelerate leading-edge and sustainable research and technology adoption; creating training solutions for the business and technology challenges of today and tomorrow; providing a platform for industry, academia, and government synergies, to foster and advance R&D partnerships; and advocation for the aerospace industry locally, nationally, and globally. To learn more about DAIR please visit the website www.dairhub.com.
About FedDev Ontario
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On behalf of the Board of Directors,
Volt Carbon Technologies Inc.
V-Bond Lee, P. Eng.
CEO, President, Chairman of the Board and Director
Contacts:
Email: info@voltcarbontech.com
Tel: (647-546-7049)
Office of the Minister responsible for the Federal Economic Development Agency for Southern Ontario
Edward Hutchinson, Press Secretary
edward.hutchinson@feddevontario.gc.ca
Its a government contract !
Yea this thing goes real silent for long periods of time. Message boards, mentions on investment videos, everything.
Looks like Hans Brost and the other pimps touting this hopeless scam have worked their usual magic.
I really wonder why anyone hires Hans and his cohorts to work social media any more.
His presence is like the kiss of death.
Investors have to make their own decisions. I have followed this comnpany on and off since the great Sri Lanka geaphite claim and before.
They have been in the "developmant" stage for mny years now.
Link back here:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171336319
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
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.
So whats the story on this one ? People were hyping it up because of the stats and numbers saying it was extremely undervalued and that was at 9 cents. Supposedly we were supposed to get some PR's about progress and some other catalysts but I haven't a seen a thing other than it dropping in share price. Do we have to wait for the whole EV sector to move for us to move with it ?
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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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