Volt Resources secures funds to advance US and Tanzanian graphite projects

About this update from Volt Resources Ltd

ASX-listed Volt Resources has drawn A$0.5mn from its A$1mn funding facility with RiverFort Global Opportunities to accelerate work on its graphite operations in the United States and Tanzania . The funds will support pilot plant trials at the planned Alabama graphite refinery, development of the Bunyu project in Tanzania , and general operational expenses. Volt said on July 22 that pilot testing had begun at the Alabama facility, following a positive scoping study confirming strong economic prospects. The plant will produce high-purity graphite, a key component in lithium-ion battery anodes. The company is also engaging with potential offtakers, investors, and US government agencies. In Tanzania , Volt is in talks with strategic partners to advance Stage 1 of the Bunyu project, with discussions focused on reducing development costs to ensure viability amid weak natural graphite prices. A growing push by Western nations to secure critical mineral supply chains has heightened interest in projects like Volt’s. In May 2024 , the US government imposed a 93.5% anti-dumping duty on Chinese active anode materials, lifting the total tariff to 160%, according to the US Federal Register . This has created urgency among North American and European battery manufacturers to diversify away from Chinese sources. Volt’s integrated operations in the US and Africa position it to meet this demand, aligning with US and EU policies that favour localised, non-Chinese supply chains for energy transition minerals. Volt Resources is an Australian graphite developer with wholly owned projects in the US, Tanzania , and Ukraine . The company operates independently and is listed on the Australian Securities Exchange. “The company continues to make progress with its graphite business strategies based on the development of the upstream Bunyu graphite project asset and the downstream graphite purification business at the planned Alabama graphite refinery,” executive chairperson Asimwe Kabunga said. “The recent introduction of an unprecedented 93.5% duty on AMM imported from China marks a watershed moment for the battery materials sector,” he added. “This shift underscores the urgent need for resilient, non-Chinese supply chains.” The RiverFort facility, first announced in April 2023 , has a remaining A$0.5mn available. Separately, Australian firm InVert Graphite Limited also recently reported progress on acquiring a 100% stake in Tanzania’s Morogoro Graphite Project , as bne IntelliNews reported in January. © 2025 bne IntelliNews, source Magazine

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