Mr. V-Bond Lee reports

VOLT CARBON TECHNOLOGIES LAUNCHES ONLINE STORE FOR ITS NATURAL FLAKE GRAPHITE AND TERMINATES OPTION AGREEMENT

Volt Carbon Technologies Inc. has launched its new on-line store, dedicated to providing natural flake graphite to end-users. The store will officially open on Aug. 12, 2024, and is part of Volt Carbon's strategy to scale up its dry separation process while aiming to generate revenue to support its operations.

On-line store highlights

• Focus on ESG (environmental, social and governance): Volt's store will offer responsibly produced natural flake graphite, sourced from high-grade North American graphite-bearing rock using proprietary dry separation methods. The graphite will be produced in small batches at Volt Carbon's facility, without the use of water, reagents or wet tailings, as the company continues to scale its processes. Management believes that initial processing results indicate Volt Carbon's dry separation method will be one of the most simple and sustainable graphite extraction techniques, leading to significantly lower carbon emissions compared with competitors.
• Targeted applications: The graphite can be used in various applications, specifically processed for dry lubricants, expandable graphite, additives, graphene products, battery anodes and thermal management materials, addressing the growing demand in these sectors.
• Mesh sizes and quantities: Volt Carbon's proprietary processes allow for the extraction and preservation of large graphite flakes, available in sizes ranging from minus-10 to plus-100 mesh. These flakes are categorized as follows: superjumbo flakes (minus-10 to ,minus-20 mesh) and jumbo flakes (minus-20 to minus-30 mesh) are used for conductivity and expandability; large flakes (minus-30 to minus-50 mesh) are ideal for high-purity applications, including further processing into battery anodes; medium flakes (minus-50 to minus-80 mesh) are commonly utilized in lubricants and friction materials; and small flakes (minus-80 to plus-100 mesh) are suitable for coatings and additives. Customers can purchase graphite in quantities ranging from 100 grams to five kilograms, providing flexibility for various industrial applications and project needs.
• Quality standards: Volt Carbon has benchmarked its dry-separated graphite against several leading brands available in the market. Internal and third party laboratory tests (conducted by the University of Waterloo and external labs) consistently confirm that Volt Carbon's material is at least as pure as its competitors' product. These tests include evaluations for expandability, carbon and graphite analysis through thermogravimetric analysis (TGA), inductively coupled plasma -- optical emission spectroscopy (ICP-OES) to check for ash content and X-ray fluorescence (XRF) to check for inorganic materials.

"The launch of our on-line graphite store is a testament to our commitment to developing natural flake graphite, a critical mineral where demand is expected to outstrip supply. This is the first step in a long journey to expand our market presence and provide end-use customers with high-quality materials produced with strong ESG credentials. This milestone is the result of two years of hard work and dedication by our team. This initiative is a significant stride towards developing further revenue streams for our carbon products," said V-Bond Lee, chief executive officer of Volt Carbon Technologies.

Termination of option agreement

With reference to prior news release dated June 11, 2024, Volt Carbon announces that the company and Green Battery Minerals Inc. have mutually agreed to terminate their arm's-length option agreement with respect to Green Battery Minerals' Berkwood graphite project, located in Northern Quebec. Volt Carbon has withdrawn its application to the TSX Venture Exchange for approval of the agreement and confirms no funds were expended on the property and no penalties were incurred.

About Volt Carbon Technologies Inc.

Volt Carbon is a publicly traded carbon science company, with specific interests in energy storage and green energy creation, with holdings in mining claims in the provinces of Ontario, Quebec and British Columbia in Canada.

We seek Safe Harbor.