Volt Resources - Pursuing Phase 1 capital
Volt Resources announced on 25 October that it has appointed Exotix Capital as lead to secure up to US$30m of a Tanzanian bond issue. Exotix Capital is a banking firm with specialist knowledge and a large network of African institutions, family offices and regional credit funds. A US$30m bond issue would satisfy the development capital required to build out Volt’s revised Phase 1 development approach to its Bunyu graphite project (previously named Namangale). Phase 1 is anticipated to produce 20ktpa of graphite products to feed into the expandable graphite, battery-anode and foundry product end-markets. To this end Volt has secured pre-commercial MOU-type agreements for upwards of 20ktpa of graphite products with Chinese customers and downstream graphite processors. We suspend our current forecasts and await Volt’s release of a revised development study to revise our base case valuation for the Bunyu graphite project.Volt Resources is engaged in the coal exploration in Mozambique.
Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.