Volt secures debt facility for Ukraine graphite plans

CBC Metal Time:May 27, 2021 17:24 Source:MINING WEEKLY

Graphite and gold explorer Volt Resources has received the backing of European investment company JES Green Investments to fund its graphite acquisition in Ukraine.

The ASX-listed company reported on Thursday that it had executed a term sheet with JES for a 8.5-million debt facility to assist with its acquisition of a 70% interest in the Zavalievsky (ZG) group of companies.

Volt chairperson Asimwe Kabunga has offered his Volt shareholding as security for the loan.

The acquisition of a controlling interest in ZG will transform Volt into one of the few Australia-listed graphite producers.

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