Volt Carbon Receives Initial 40,000 Tonne Toll Processing Purchase Order and Provides Northern Ore Commercialization Update

Volt Carbon Technologies Inc. (VCT) confirmed receipt of its previously announced 2.5% equity stake in Northern Ore Resources. Northern Ore has issued an initial purchase order for the toll processing of 40,000 metric tonnes of vermiculite. The agreement includes a contractual minimum annual revenue commitment of US$4.0 million, based on a US$100 per tonne processing fee.

Preliminary testing indicates that vermiculite requires only two passes through Volt's dry air classifier, a significantly lower requirement than typical graphite feedstocks. Management has outlined a potential capacity expansion to 100,000 tonnes per year, which implies an illustrative US$10.0 million in annual revenue potential.

Capital expenditure for commercial deployment is estimated at US$750,000. This investment is to be phased through 2027 using toll revenues, warrant exercises, and government incentives. Full commercial deployment of the larger system is targeted for 2028.

Volt Carbon Technologies Inc. (VCT) released details on July 30, marking a direct follow-up to its July 7, 2026 commercial toll processing agreement. The update confirms the initial purchase order and equity receipt, validating early commercial traction.

The company reported US$4.0 million in revenue, a figure described as a contractual minimum rather than guaranteed cash flow. Additionally, the US$10.0 million expansion target is explicitly labeled as illustrative, not guidance.

To support these operations, Volt Carbon Technologies Inc. faces a US$750,000 CAPEX requirement. Given the company's historical reliance on private placements, this modest cost will likely trigger another small equity financing.

The news does not alter the fundamental risk profile: the company remains pre-cash-flow, heavily dilutive, and dependent on successful execution of pilot-scale operations.

Volt Carbon Technologies Inc. (VCT) focuses on proprietary dry air classification technology for graphite processing and next-generation solid-state lithium-metal battery development. The company’s flagship projects include the Berkwood graphite property in Quebec and the Mount Copeland multi-commodity asset in British Columbia.

The core technology is a water-free, chemical-free dry separation process designed to preserve graphite crystallinity for high-value applications like battery anodes, graphene, and expandable graphite. Additionally, the company operates the Solid UltraBattery facility in Guelph, Ontario, developing lithium-metal cells targeting 300-400 Wh/kg energy density, with a focus on cold-weather and aerospace/UAS applications.