Volt Carbon Technologies Inc (TORVF)

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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