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Defence|PROJECT|Resources|supply-chain|Technology
Defence|PROJECT|Resources|supply-chain|Technology
defence|project|resources|supply chain|technology

Volt signs potential supply deal with the US DoD

11th October 2023

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

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PERTH (miningweekly.com) – Graphite producer Volt Resources has inked a letter of intent (LoI) with US firm M2i Global Inc to supply up to 20 000 t/y of graphite to the US Department of Defence (DoD).

Under the LoI, M2i will attempt to secure a graphite procurement contract with DoD for up to 20 000 t/y of graphite for three years. Volt would deliver graphite of between 94% and 99.5% purity from its subsidiary Zavalievsky Graphite.

If feasible, Volt will extend long-term supply of graphite from Bunyu Tanzania Phase 2 production for M2i customers.

“Volt’s strategy of developing a diversified integrated graphite and battery anode material supply chain continues to gain momentum and the agreement with M2i Global is a continuation of this progress,” said Volt executive chairperson Asimwe Kabunga.

“With the ability to supply natural flake graphite produced in Europe and future production from our Tanzania-based Bunyu graphite project, combined with battery anode material production technology advancing in the US, Volt offers future growth opportunities through the entire supply chain few graphite companies can match.”

Edited by Creamer Media Reporter

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