Volt Resources transforms to graphite producer on completing ZG Group acquisition
“Volt now has the potential to become a key market participant in the supply of graphite and battery anode materials into the growing European market with excellent access to other markets in the USA and the Middle East,” says MD. After acquiring a controlling interest in the ZG Group, Volt is one of few ASX-listed graphite producers.
Volt Resources Ltd (ASX:VRC) has officially completed its transition to become a graphite producer, following the acquisition of a 70% controlling stake in the Ukrainian Zavalievsky Group (ZG) of Companies.
That shift is now complete, with news on Tuesday morning that Volt had entered into a new US$4 million convertible security with SBC Global Investment Fund, drawn down in full to fund the acquisition.
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High-tech food companies that leverage science, different ingredients and novel ways of producing food in a more sustainable way are a hot ticket for investors.
According to Finistere Ventures, $8.37 billion was invested in the food technology space in the first three quarters of 2020. Many of these investments came from huge equity funds focused on technology, pension systems, celebrities with vast fortunes and Big Food.
Patrick Morris, who has worked in capital markets for 15 years, likes to see the enthusiasm around the alternative protein sector. But he also saw a problem that needed a solution. What we found is that there wasn t much opportunity for the retail investor to participate in some of these investments in the food space, and what we call the future of food, Morris said.