Volt Resources Receives First US$225,000 Instalment Under US Department of War Graphite Contract

Sonal Goyal

06 November 2026 11:23 AM AEDT

Volt Resources Receives First US$225,000 Instalment Under US Department of War Graphite Contract

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Volt Resources Limited (ASX:VRC) has disclosed that its wholly owned US subsidiary, Volt Energy Materials LLC, has received the first instalment of US$225,000 under a US Department of War contract for "Low-Cost Domestic Graphite Production", with the total funding award valued at US$5.4 million.

Key Points

Volt Energy Materials LLC received the first instalment of US$225,000 under its US Department of War contract for "Low-Cost Domestic Graphite Production"
Total funding award is US$5.4 million, to be paid in 24 equal monthly instalments of US$225,000
Funds will be used to expand the US team and purchase equipment for high-purity graphite (HPG) and ultra-high-purity graphite (UHPG) preparation and characterisation
Activities will support development of Volt's US Customer Application / R&D Center and US Graphite Refinery

First Instalment Receipt Under US Department of War Contract

According to the filing dated 6 November 2026, Volt Energy Materials LLC received the first US$225,000 instalment following the contract award previously announced in September 2026. The contract is titled "Low-Cost Domestic Graphite Production" and was awarded by the US Department of War. The total non-dilutive funding of US$5.4 million is structured as 24 equal monthly instalments of US$225,000 each. The company said the payment follows the contract award announced on 15 September 2026.

Planned Deployment of Initial Funding

The filing states that the first instalment will be directed toward three areas: expanding the US team to support project delivery and operations development; purchasing and installing HPG and UHPG preparation apparatus and equipment, including a specialised chemical reactor, furnace and chemical fume hoods; and acquiring characterisation tools to support graphite testing and evaluation. These activities are intended to advance Volt's downstream graphite capabilities within the United States, according to the company disclosure.

US Graphite Refinery and R&D Center Development

The filing states that the "Low-Cost Domestic Graphite Production" project supports the development of Volt's US Customer Application / R&D Center and US Graphite Refinery. The planned graphite preparation and characterisation capabilities will support HPG and UHPG testing, evaluation and process development. Volt Resources CEO Prashant Chintawar said in the filing: "Receipt of this first US$225,000 instalment is an important step in advancing our US graphite capabilities. The funding will support expansion of our US team and investment in specialised equipment as we progress our 'Low-Cost Domestic Graphite Production' project and the development of our Customer Application / R&D Center and US Graphite Refinery."

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