GREEN BATTERY MINERALS AND VOLT CARBON TECHNOLOGIES ENTER INTO PRELIMINARY MINERAL PROCESSING AGREEMENT

[PRESSWIRE] VANCOUVER, BRITISH COLUMBIA – June 5, 2023– Green Battery Minerals Inc. (“GEM”) (TSX-V: GEM, FSE: BK2P, WKN: A2QENP OTC: GBMIF) in combination with Volt Carbon Technologies Inc. (“VCT” or “Volt Carbon”) (TSX-V: VCT, OTCQB: TORVF, BERLIN: WNF) is happy to reveal the finalizing of an initial mineral processing contract dated since June 1, 2023 (the “Preliminary Mineral Processing Agreement”). Background With referral to GEM’s previous News Release outdated May 16, 2023, GEM offered Volt Carbon with a single 5 kg sample (the “Sample”) of crushed feedstock that was acquired from GEM’s 100% owned Berkwood Graphite job in Quebec, Canada. Volt Carbon processed the Sample utilizing its exclusive dry separation procedure innovation as a test. The test outcome yielded 146 grams of graphite flake per kg of crushed feedstock, showing a 14.6% yield of graphite flakes per kg of feedstock. The processed product was consequently sent out to a third-party laboratory (Base Metallurgist Laboratories Ltd. in Kamloops, British Columbia) for independent screening. Base Metallurgist Laboratories Ltd. individually confirmed that the Volt Carbon-processed Sample yielded a graphite material of 91.55%, with overall carbon revealing at 97%. VCT’s Proprietary Dry Separation Process Volt Carbon has actually established an exclusive dry separation procedure that utilizes air as its separation medium (the “Process”). The significant advantages of the Process compared to conventional processing are that the Process: (i) does not utilize water, which removes a substantial quantity of waste typically connected with the filtration of graphite due to its solventless and reagentless nature; (ii) does not produce an effluent; and (iii) the Process lead to the retention of the initial quality of the graphite flakes (big +50 mesh and jumbo +35 mesh sized flakes). Significantly, GEM and Volt Carbon think that big and jumbo sized flakes obtain superior prices due to their high-end efficiency as anode product for lithium-ion batteries (“LIBs”). Thomas Yingling, CEO of Green Battery Minerals, commented “We are thrilled to partner with V-Bond Lee, President of Volt Carbon. Mr. Lee has actually effectively established and advertised brand-new developments and innovations for different fortune 500 business, Mr. Lee has more than 35+ years of engineering experience, and holds patents in both automobile and aerospace markets. We anticipate dealing with Mr. Lee.” Course Forward Based on the arise from the Sample test, GEM and Volt Carbon worked out and signed the Preliminary Mineral Processing Agreement. The Preliminary Mineral Processing Agreement details a course forward from preliminary expediency research studies, to bulk tasting and screening, and through to mine advancement and production. In the expediency stage, the graphite ore will be drawn out from GEM’s Berkwood Graphite task, provided to Volt Carbon’s test processing center situated in Scarborough, Ontario (“VCT’s Facility”) and after that processed by Volt Carbon utilizing the Process. The goal of the expediency stage is to gather adequate information so that Volt Carbon can fairly approximate the capital investment needed to produce the exclusive portable equipment required to carry out the bulk-sampling stage. The ore processing is anticipated to cost an aggregate of $50K/ton, Volt Carbon anticipates that it will be essential to raise extra capital to money the manufacture of the portable equipment. Presuming the effective manufacture of he portable equipment needed, in the bulk-sampling stage, the graphite ore will be drawn out from GEM’s Berkwood Graphite task, GEM will squash the graphite ore to 4 inch and provide the exact same to VCT’s Facility for processing utilizing the Process. It is anticipated that the flake graphite drawn out from the bulk-samples will be commercial and GEM and Volt Carbon have actually accepted share the benefit from the sale of the exact same on a 50/50 basis. In the mine production/ advancement stage, the graphite ore will be drawn out from GEM’s Berkwood Graphite job, GEM will squash the graphite ore to -12 mesh and provide the very same to VCT’s Facility for processing utilizing the Process. The make money from the sale of the graphite concentrate will be divided on a 50/50 basis. Thomas Yingling, CEO of Green Battery Minerals, commented, “Following our effective tests, we are happy to now have actually formalized a processing contract that will offer us with access to a remarkable innovation that not just provides greater quality final product, however that does not produce hazardous effluent. We have factors to think that the brand-new innovation has significant expense advantages, which we will identify more precisely throughout this next stage. In discussions with significant automobile producers, completion market for a lot of LIBs, it has actually ended up being clear that the ecological footprint is a significant choosing consider provider choice. Even with the scarcity of graphite, having a procedure that supplies such significant enhancements over conventional processing approaches positions us well to end up being a crucial provider of battery minerals to the EV market and beyond.” “The mine
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