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Volt Resources Limited (ASX:VRC)

ALERT: Price-sensitive ASX Announcement for VRC
Current share price for VRC : $0.005 -0.003 (-37.50%)+
Announcement
Release
5 Feb 2026 9:38AM
Price at Release
$0.008
Full Release
download
Summary
Volt Resources Limited (ASX: VRC) announced an extension and significant increase in sales volume for its Bunyu Graphite Offtake Agreement with Qingdao Baixing Graphite Co., Ltd. The revised agreement increases the annual coarse flake graphite offtake to 20,000tpa for the first two years, and 90,000tpa for the subsequent three years, under a five-year term, extendable by mutual agreement. This aligns with the Bunyu development timeline and supports the expansion of the project. Qingdao Baixing is a major graphite manufacturer, and this agreement reflects confidence in Bunyu's strategic significance and production capacity.
Key Points
  • Binding Offtake Agreement with Qingdao Baixing Graphite Co., Ltd extended to align with the Bunyu development timeline.
  • Annual sales volume of coarse flake graphite increased to 20,000tpa for Years 1-2 and 90,000tpa for Years 3-5.
  • The agreement includes a five-year term with an extension option for another five years.
  • Coarse flake concentrate to account for more than 65% of Stage 1 annual sales revenue.
  • Qingdao Baixing Graphite Co., Ltd is a significant manufacturer and exporter of graphite products.
  • The agreement supports the Stage 2 expansion of the Bunyu project.
  • Volt’s Binding Term Sheet with UOF provides a framework for equity investment and project development.
  • Bunyu’s product mix includes 54% coarse graphite.
  • Qingdao Baixing President expresses satisfaction with increased purchase plans.
  • Executive Chairman of Volt emphasizes the strategic partnership and confidence in the 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.