Mr. V-Bond Lee reports

VOLT CARBON TECHNOLOGIES LAUNCHES BATTERY TESTING WITH EXCLUSIVE DRY-SEPARATED GRAPHITE SOURCED FROM GEM'S PROPERTY AND RELEASES PRELIMINARY TEST DATA

Volt Carbon Technologies Inc. has commenced battery anode development using graphite refined from Green Battery Minerals' Berkwood property, and has released initial test results affirming the high-grade graphite's suitability for lithium-ion batteries.

Highlights

Utilizing the super jumbo flake graphite concentrate derived from rock samples provided by Green Battery to Volt in July, 2023, Volt's Scarborough facility successfully executed a dry separation process, yielding a record-high total carbon content of 98.4 per cent, as announced on Aug. 15, 2023. Under the guidance of Dr. Aiping Yu, Volt's newest board member and a University of Waterloo professor, the graphite underwent a straightforward mechanical reduction process to achieve battery-grade anode sizes without the need for additional purification treatment.

Dr. Yu's team extensively characterized the graphite using techniques such as X-ray diffraction (XRD), inductively coupled plasma mass spectrometry (ICP-MS) and scanning electron microscopes (SEM), confirming its suitability for further battery anode development. This involved coin cell fabrication through a straightforward micronization process applied to the flake graphite concentrate.

Subsequently, coin cells were manufactured alongside benchmarked samples of commercially available graphite anodes, and are currently undergoing cycle testing at both Solid Ultrabattery's and the University of Waterloo's labs. Initial coin cell testing revealed a capacity of 344 mAh/g (milliampere-hours per gram), achieved without any chemical processes and under entirely dry handling conditions, and without spheroidization and carbon coating. This highlights the efficacy of the mechanical reduction process and underscores the promising potential of sustainable dry-separated graphite for battery applications. With further process adjustments, the company aims to achieve results exceeding 360 mAh/g in the upcoming quarter.

The XRD and Raman shift plots show the similarities of Green Battery's natural graphite structure against commercial-battery-grade anodes. The integrity of the graphite structure is evaluated by the ID/IG ratio of the samples. All of Green Battery's samples showed approximately the same ratio as the commercial anode.

These outcomes mark the initial stride in optimizing Green Battery's graphite for lithium-ion batteries, reinforcing Volt Carbon's commitment to advancing battery technologies, as explicitly stated in the company's July 24, 2023, press release. Volt Carbon remains dedicated to refining dry processes for converting Green Battery's materials into battery-grade anodes, maximizing value with the company's mineral processing agreement with Green Battery while driving significant technical progress in the North American battery materials supply chain.

"The constraints on graphite trade in North America have spurred our determination to innovate and develop resources sustainably and cost-effectively within the region. We have determined through testing that high-grade graphite mineral deposits provides significant advantages, making the processing to graphite concentrate and anodes much simpler compared to low-grade deposits. We're on the brink of a great opportunity, and I'm eagerly looking forward to the upcoming results from our highly qualified technical teams," said V-Bond Lee, chief executive officer of Volt Carbon Technologies.

About Volt Carbon Technologies Inc.

Volt Carbon is a publicly traded carbon science company, with specific interests in energy storage and green energy creation, with holdings in mining claims in the provinces of Ontario, Quebec and British Columbia in Canada.

We seek Safe Harbor.