Volt Carbon Technologies Announces Closing of First Tranche of Private Placement for Gross Proceeds of $150,000

Core Viewpoint - Volt Carbon Technologies has successfully closed the first tranche of a private placement, raising gross proceeds of $150,000 by issuing 6,000,000 units at a price of $0.025 per unit [1][3]. Group 1: Private Placement Details - Each unit consists of one common share and one common share purchase warrant, with each warrant allowing the holder to acquire an additional common share at an exercise price of $0.05 for 24 months [2]. - The first tranche securities are subject to a hold period of four months and one day [2]. - No finder's fees were paid in connection with the closing of the first tranche [3]. Group 2: Future Plans and Use of Proceeds - The company plans to close the second tranche of the offering on or before November 22, 2025, pending TSX-V approval [3]. - Proceeds from the offering will be used to pay outstanding payables, advance battery and mobile mineral separation technology, and for general working capital [3]. Group 3: Company Overview - Volt Carbon Technologies is a publicly traded carbon science company focused on energy storage and green energy creation, with mining claims in Ontario, Quebec, and British Columbia [4].