Mr. V-Bond Lee of Volt Carbon reports

VOLT CARBON TECHNOLOGIES AND E-POWER RESOURCES ENTER IN PRELIMINARY GRAPHITE MINERAL PROCESSING AGREEMENT

Volt Carbon Technologies Inc. and E-Power Resources Inc. have formalized their collaboration through the signing of a mineral processing agreement effective Oct. 25th 2023, for a term of five years. This agreement is aimed at evaluating the feasibility of utilizing Volt's dry processing technology to process bulk sample material from E-Power's Tetepisca flake graphite property.

Highlights

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 E-Power's mineral property and transported to Volt's testing facility located in Scarborough, Ont. Subsequently, Volt will undertake the processing of the graphitic material into flake graphite concentrate. Under this mineral processing agreement, the ore processing cost at Volt 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, chief executive officer 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.

About Volt Carbon Technologies Inc.

Volt Carbon Technologies is a publicly traded carbon science company, with a specific focus on energy storage and green energy innovation. The company holds mining claims in the provinces of Ontario, Quebec and British Columbia in Canada.

About E-Power Resources Inc.

E-Power Resources is an exploration-stage company engaged principally in the acquisition, exploration and development of graphite properties in Quebec. Its flagship asset, the Tetepisca graphite property, is located in the Tetepisca graphite district of the North Shore region of Quebec, approximately 215 kilometres from the Port of Baie-Comeau.

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