Mr. V-Bond Lee reports

VOLT CARBON TECHNOLOGIES AND CHARGE CCCV LLC SIGN MOU TO ADVANCE NEXT-GENERATION BATTERY INNOVATION

Volt Carbon Technologies Inc. and Charge CCCV LLC (C4V) have entered the next phase of collaboration in developing high-energy lithium batteries and sustainable anode materials. This agreement signed on March 13, 2025, builds on the strong foundation of collaboration between the two companies, leveraging previous results of joint research and technology development in next-generation battery materials.

Volt Carbon and C4V have previously worked together on multiple initiatives focused on improving battery energy density and sustainability. Through this latest agreement, the companies will expand their efforts with the goal to commercialize breakthrough technologies for electric vehicles, aerospace and grid storage applications.

Key areas of collaboration

1. High-energy lithium battery development:
   1. Cutting-edge chemistry: Combining C4V's second-generation high-voltage biomineralized lithium mixed metals phosphate (BMLMP) cathode with Volt Carbon's proprietary electrolyte to develop anode-free and lithium metal batteries with increased energy density.
   2. Performance targets: Multilayer pouch cell prototypes will be tested with an aim to retain over 80 per cent capacity after 1,000 cycles, demonstrating long-term reliability.
   3. Industrial-scale feasibility: Transitioning from small-scale coin cells to large-format pouch cells at Volt Carbon's Guelph, Ont., battery facility and C4V's commercialization facility, with a plan to validate gigafactory production readiness.
   4. Supply chain readiness: C4V has been qualifying anode-free and lithium metal supply chains for minimum one-gigawatt-hour production volumes, while Volt Carbon continues to work on scaling its proprietary electrolyte production.
2. Sustainable anode materials:
   1. Green graphite innovation: Volt Carbon's dry-separated graphite will be integrated with C4V's green anode technology with the intention to create sustainable, high-performance anode materials.
   2. Verified performance metrics:
      1. Specific discharge capacity: 362 mAh/g (milliampere-hours per gram) under 0.01 V to 1.50 V at a 0.1 C rate;
      2. First-cycle efficiency (FCE): 92.5 per cent or higher;
      3. Tap density exceeding one g/cc, electrode density over 1.6 g/cc.
   3. Environmental breakthrough: Eliminating water and chemicals from the graphite purification process, with the goal of making anode production more cost-effective and eco-friendly.
   4. Commercialization potential: Volt Carbon's graphite will undergo technology qualification for potential supply to C4V's joint venture gigafactory projects.

Strategic impact

This collaboration is a significant milestone in the shared goal to make next-generation batteries cleaner, more efficient and ready for large-scale adoption. By integrating Volt Carbon's low-carbon-footprint graphite processing with C4V's battery cell manufacturing, both companies are positioned to redefine sustainability in energy storage.

"This partnership represents a bold step toward the goal of bringing sustainable, high-performance battery technologies to market," said V-Bond Lee, chief executive officer of Volt Carbon Technologies. "Our work with C4V strengthens the path to commercialization while driving innovations that reduce environmental impact and improve energy storage performance."

Clifford Olin, CBO of C4V, "Our Volt Carbon collaboration continues to produce highly impactful and encouraging results creating a 'win scenario' for all stakeholders while driving cost-effective and sustainable energy storage solutions that benefit all industry participants."

About Volt Carbon Technologies Inc.

Volt Carbon Technologies is a publicly traded company focused on advancing carbon science, with a strong emphasis on energy storage solutions and green energy innovation. The company holds strategic mining claims across Ontario, Quebec and British Columbia, Canada. Volt Carbon operates a state-of-the-art battery fabrication facility in Guelph, Ont., and a dedicated carbon research facility in Scarborough, Ont.

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