Volt Resources reports lower cash reserves
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- Volt Resources reported its quarterly activities and cash flow report for the period ended June 30.
- The company ended the quarter with $830,000 in cash after utilising $448,000 in operating activities.
- The company is focusing on advancing its Bunyu Graphite Project in Tanzania and its US downstream strategy.
Volt Resources (ASX:VRC) released its quarterly activities and cash flow report detailing operational progress and a cash balance of $830,000.
The latest filing follows previous operational updates and ongoing corporate discussions regarding project development milestones in Tanzania.
The company continued development work at its Bunyu Graphite Project while managing corporate and administrative cash outflows.
Following the announcement, the Volt Resources share price was unchanged at $0.005.
The company operates critical mineral and battery material assets across multiple international jurisdictions, including Africa and Europe.
Past corporate updates included raising $2.2 million through a share placement and repaying a $500,000 loan.
