Volt Resources, an Australian graphite mining company, has submitted four non-dilutive funding proposals that could inject more than A$150m ($99.3m) into the company.
The move is aimed at establishing Volt as a leading global producer and supplier of both flake and processed graphite, targeting customers in North America and Europe.
These proposals include a submission by Volt unit Zavalievsky Graphite (ZG) for a cost-reimbursable, multi-year programme focused on graphite processing, which if successful could help ZG garner up to €2.4m ($2.61m).
Volt Energy Materials (VEM), another Volt unit, has also submitted a proposal for a cost reimbursable, multi-year programme to design, build and commission a 10,250 tonnes per annum integrated Coated Spheroidised Purified Graphite or natural graphite anode powder plant in Tuscaloosa, in the US state of Alabama.
This, if successful, will infuse more than $100m.
VEM also submitted a proposal for a cost-reimbursable programme on critical materials processing, which could inject $1m, and started talks with the US Government for an additional multi-year, multimillion-dollar graphite processing programme.
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Read More: Graphite miner Volt Resources seeks $99.3m in funding