Volt Carbon Technologies Inc announced their collaboration formalized through the signing of a Mineral Processing Agreement effective October 25th 2023 for a term of 5 years. This agreement is aimed at evaluating the feasibility of utilizing VCT’s dry processing technology to process bulk sample material from EPR’s Tetepisca flake graphite property.

This Preliminary Mineral Processing Agreement encompasses various aspects of mineral development, including support for resource estimation, bulk sampling, and feasibility assessment. Samples containing graphite will be extracted from EPR’s mineral property and transported to VCT’s testing facility located in Scarborough, Ontario. Subsequently, VCT will undertake the processing of the graphitic material into flake graphite concentrate. Under this Mineral Processing Agreement, the ore processing cost at VCT is fixed at $50,000 per ton and includes both primary and secondary crushing stages, dry separation and laboratory analysis.

“The mineral processing agreement with EPR marks another significant stride for Volt Carbon Technologies in advancing its prospects for generating revenue through graphite purification. EPR’s mineral resource is located in the Tetepisca Graphite District, where Volt has strategically established its presence for providing mineral processing services. This advantageous location presents opportunities for enhanced operational efficiency, especially as the area begins to attract attention from graphite consumers.” stated V-Bond Lee, CEO of Volt Carbon Technologies.

“This agreement will enable battery manufacturers to acquire samples of E-Power’s Tetepisca graphite as they search for graphite sources to enable their massive production capacity expansion,” said James Cross, President and Chief Executive Officer of E-Power Resources.

Source: Investing News Network