Zavalievsky Graphite has received a firm order for 40 tonnes of high purity micronised graphite

Established graphite producer and natural graphite anode developer Volt Resources Limited* (ASX:VRC) (“Volt” or “the Company”) is pleased to announce that Zavalievsky Graphite (“ZG”) has received a firm order for 40 tonnes of high purity (99.5%) micronised   graphite at a price exceeding €2,700 per tonne. Volt considers the expansion of ZG’s high purity graphite production and sales in Europe and other markets as a key opportunity to generate positive cashflow in the current graphite market.

Among various graphite grades currently offered for sale in the graphite market, ZG has the unique ability to produce high value and differentiated 99.5% purity graphite where the typical price is €2,000 per tonne for -100 mesh; as opposed to the current price of about US$661 per tonne, CIF Europe, for graphite flake 94% C, -100 mesh.

ZG’s strategy is to grow the high value purified graphite business by expanding the existing high purity graphite production line and start the pilot scale production — via a patent pending environmentally friendly process — of a 99.95% graphite product in 2025. This product is suitable for the production of active anode material for lithium-ion and other battery technologies.

Volt Executive Chairman, Asimwe Kabunga, commented:

“Volt believes in the future of the Zavalievsky Graphite business with its close proximity to European markets, unique processing capability, and many years of operating experience.

The mine and processing facilities are in a relatively secure location which has not experienced any military activity and has logistics routes that allow movement of products and materials in and out of Ukraine.

Recently the Company recommenced discussions with a major European financial institution regarding funding for cost, productivity, and ESG related improvement programmes for Zavalievsky. We will make further announcements as the discussions progress”.

Read more here and here.

 

*_{В розділах Говорять асоціації , Говорять компанії , Надра інших деякі публікації/новини/прес-релізи компаній-надрокористувачів, сервісних компаній, асоціацій у сфері надрокористування та інших медіа можуть відтворюватися дослівно. В разі передруку редакція не здійснює додаткову перевірку викладеного, покладаючись на першоджерела.}