April 6, 2023: Volt Resources said on March 27 it was launching a feasibility study into plans to establish a battery anode material (BAM) plant, potentially to serve the US markets.
The move comes six months after the Australia-based company formed a new unit, Volt Energy Materials, to supply graphite products for lead acid and lithium battery markets in the US.
The BAM feasibility study should be completed in September and will be used to support a funding proposal to the US government.
CEO Prashant Chintawar said that while mining and processing of raw materials was the foundation of the company, Volt anticipates boosting the business by supplying battery manufacturers.
“Due to a strong market interest in local natural graphite anode, supply deficit, and robust financial incentives from governments, we expect the feasibility study to deliver highly favourable project economics.”