Volt Resources Ltd (ASX:VRC) (FRA:R8L) is set to transform into a graphite producer in the current quarter with the pending acquisition of a 70% stake in the Zavalievsky group of companies based in Ukraine complementing the company’s recent membership of the European Battery Alliance (EBA).
The ZG Group acquisition will give Volt the opportunity to become a key participant in the European EV battery value chain leveraging the benefits of membership of the EBA.
Completion of the acquisition will immediately transform Volt into one of the few ASX-listed graphite producers, positioning the company well ahead of most of its peer graphite companies to become a graphite producer without the usual greenfield financing and development risk.