Volt Carbon Technologies Announces Closing of First Tranche of Private Placement for Gross Proceeds of $150,000

Executive Summary

• Volt Carbon Technologies Inc. closed the first tranche of its private placement, issuing 6 million units at $0.025 per unit for gross proceeds of $150,000.
• Each unit includes one common share and one warrant to purchase an additional share at $0.05 exercisable for 24 months; securities are subject to a four‑month‑plus‑one‑day hold period.
• Proceeds will be used to pay outstanding payables, advance battery and mobile mineral separation technology, and fund general working capital.

Key Details

• Units Issued: 6,000,000 units at $0.025 per unit.
• Gross Proceeds: $150,000 from the first tranche.
• Unit Composition: 1 common share + 1 common share purchase warrant per unit.
• Warrant Terms: Right to acquire one additional common share at an exercise price of $0.05 per share; exercisable for 24 months from issuance.
• Hold Period: All securities issued in the first tranche are subject to a four‑month‑and‑one‑day hold period.
• Finder’s Fees: No finder’s fees were paid in connection with this closing.
• Second Tranche Timeline: Expected to close on or before November 22, 2025, pending TSX‑V approval.
• Use of Proceeds:
• Pay outstanding payables.
• Advance development of battery technology and mobile mineral separation solutions.
• General working capital needs.

Notable Quotes

(No direct quotes were provided in the release.)