InvestSMART

Volt Resources Limited (ASX:VRC)

ALERT: Price-sensitive ASX Announcement for VRC
Current share price for VRC : $0.006 -0.003 (-35.29%)+
Announcement
Release
28 Jan 2026 9:30AM
Price at Release
$0.009
Full Release
download
Summary
Volt Resources Limited provided an update for the quarter ending 31 December 2025, highlighting key developments in their operations and financial activities. The company signed a binding term sheet with Unbounded Opportunities Fund for developing the Bunyu Graphite Mine in Tanzania, focusing on a US$37 million capital investment with low operating costs. The company also announced significant progress in its Alabama Graphite Refinery project, including the commencement of a Definitive Feasibility Study, supported by a strengthened team of industry leaders. Financially, Volt raised $2.23 million in capital, repaid a $500k loan, and ended the quarter with $830k in cash. The cash flow report indicated a net cash usage of $448k in operations, investments of $129k, and financing activities resulting in a net cash inflow of $1,114k.
Key Points
  • Volt signed a binding term sheet with Unbounded Opportunities Fund for Bunyu Graphite Mine.
  • The project capital cost is targeted at US$37 million with operating costs of US$450 per tonne.
  • Commenced a Definitive Feasibility Study for the Alabama Graphite Refinery.
  • Strengthened the Alabama refinery team with industry experts.
  • Raised $2.23 million through a share placement.
  • Repaid a $500k RiverFort loan during the quarter.
  • Ended the quarter with $830k in cash.
  • Net cash used in operating activities was $448k.
  • Investments totaled $129k, mainly on the Bunyu asset.
  • Plans to secure offtakes, debt funding for Bunyu project.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.