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.”