Volt Resources CEO talks 2023 Achievements and Graphite Market Insights for Explosive Growth in 2024
December 20, 2023 at 06:49 pm
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Volt Resources CEO Prashant Chintawar joined Steve Darling from Proactive to share news discussed the company's 2023 achievements and challenges in a recent interview. Notable highlights include progress in securing partnerships, manufacturing agreements, and customer relationships for their downstream business.
The natural graphite anode plant in the US has a pipeline of over $100 million for non-diluted funding. Despite successful mining campaigns in Tanzania, financing for the Bunyu project remains a priority. Chintawar told Proactive the Zavalievsky graphite business in Ukraine resumed operations successfully, producing over 1500 pounds of graphite material.
Chintawar emphasized the growth potential in transitioning from selling flake graphite to graphite anode powder, focusing on the electric vehicle market. The graphite market is experiencing a "perfect storm" with China halting graphite exports and the US seeking domestic sources. Volt, with its integrated operating mine, is well-positioned to benefit.
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Volt Resources Limited is an Australia-based minerals and battery material company. The Company is focused on the exploration and development of its wholly owned graphite and gold projects in Tanzania and Guinea, as well as its 70% interest in the Zavalievsky Graphite business in Ukraine. It acquired three license applications that are considered prospective for lithium-borate mineralization. The license applications are in respect of a total area of approximately 291 square kilometers (km2), located in Serbia and are west and south-west of the Serbian capital, Belgrade. The Bunyu Graphite Project is located near to critical infrastructure with sealed roads running through the project area and ready access to the deep-water port of Mtwara, over 140 km from the Project. The Guinea Gold Projects consist of three projects named Kouroussa, Mandiana, and Konsolon, covering an area of 388km2 in the mineralized Birimian Greenstone Belt in Guinea, West Africa.