Green Battery and ESG-friendly Battery Developer Volt Carbon Technologies to co-develop the Berkwood Graphite Project
Green Battery and ESG-friendly Battery Developer Volt Carbon
Technologies to co-develop the Berkwood Graphite Project
JUNE 11th, 2024, VANCOUVER, B.C. Green Battery Minerals Inc. (" Green" or the
"Company") (TSX -V: GEM, FSE: BK2P, WKN: A2QENP OTC: GBMIF) is pleased to
announce that the Company has entered into an option agreement with Volt Carbon Technologies
Inc. (TSX-V: VCT) (“Volt” or “Volt Carbon”) enabling Volt Carbon to acquire a 5% interest in
the Berkwood Graphite Project (“Berkwood”) by funding $150,000 in exploration before
December 31, 2024 and making a one -time cash payment of $1,500,000 on or before December
31, 2025.
Tom Yingling, President and CEO of Green commented: “We are pleased to continue working
with Volt Carbon technologies. We first announced working with Volt on May 16 th, 2023 See
news release May 16 th, 2023 “Green Battery Minerals Strength en ESG Credentials through
Successful Air Separation Test of Its Graphite.” S ince that announcement Volt has informed Green
Battery that they have created lithium -ion batteries with materials from the Berkwood graphite
project using Volt's proprietary graphite processing technology. Volt has informed Green Battery
that they have been able to do so without needing any water, chemicals, or reagents, to produce
significantly greener, cleaner, and more environmentally friendly batteries. Auto manufacturers
and battery producers are looking for a clean North American -based supply chain of battery
minerals. One of the primary uses for graphite is that it is used as the anode material in lithium-
ion batteries. Currently, there is only one producing graphite mine in North America. Numerous
more graphite mines will be needed to keep up w ith the Electric Vehicle (EV) demand that is
forecasted. The current mineral resource at Green Batteries Berkwood Graphite Project includes
in-pit constrained resource totalling 1,755,300 tonnes of indicated resources at 17.00 % Cgr and
1,526,400 tonnes in inferred resources at 16.39 % Cgr. With plans to expand this current mineral
resource Green Battery hopes to help satisfy some of that demand.”
About the Berkwood Property Option Agreement
Under the terms of the agreement signed June 10th, 2024, Green will grant Volt an option to acquire
a 5% interest in the Berkwood Graphite Project. Volt has agreed to spend $150,000 on exploring
the Berkwood Graphite Project before December 31, 2024. As part of the agreement, Green will
issue Volt 4,000,000 shares of the Company in tranches as certain milestones are met and all shares
to be issued will be issued with a four month plus one day hold period. To exercise the option to
acquire 5% of the Berkwood Graphite Project, Volt will be required to make a cash payment to
Green of $1,500,000 on or before December 31, 2025. This 5% interest can be repurchased from
Volt for a payment of $1,800,000 at any time.
The terms of the agreement remains subject to the approval of the TSX Venture Exchange ,
including the issuance of the common shares. Any shares to be issue will be issued with the
required 4 month plus one day hold period.
About the Berkwood Graphite Project
The Berkwood Graphite Project is located within the jurisdiction of Quebec, in the Manicouagan
Regional County Municipality, three hours driving time from the city of Baie -Comeau. Easy
access is provided via a major secondary road and numerous tertiary and forest roads that traverse
the property.
The Zone 1 resource lies 8 km southwest of Nouveau Monde’s deposit which has a $3.5 billion
NPV on it . The Companies Zone 1 resource, and that of Nouveau Monde, share many similar
geological characteristics, with the Zone 1 resource being of exceptionally high grade and coarse
flake size by global standards. Recently Nouveau Monde successfully announced a $150 million-
dollar financing and offtake agreements with both General Motors and Panasonic.
The current mineral resource at the Berkwood Graphite Project includes in -pit constrained
resource totalling 1,755,300 tonnes of indicated resources at 17.00 % Cgr and 1,526,400 tonnes in
inferred resources at 16.39 % Cgr.
Table 2: In-pit Resource at Lac Gueret South Project (rounded numbers)
Current Resources (as of June 17, 2019)
Minerals Resources
Category
Tonnage
(Mt)
Grade (%
Cgr)
Cgr (t) Cut off
Indicated 1.76 17.0 299,200 6.81%
Inferred 1.53 16.4 250,200 6.81%
The mineral resource estimates above are described in the technical report entitled, NI 43 -101
Technical Report Mineral Resource Estimate o n the Lac Gueret South Graphite Property, Quebec,
Canada. With an Effective date of June 30, 2019, by Edward Lyons, PGeo., Florent Baril, ing.,
and Claude Duplessis, ing.
Link to Report:
https://greenbatteryminerals.com/wp-content/uploads/ReportFINAL_compressed.pdf
QAQC Comments: All samples were collected by typical field methods according to CIM best
practices, selected samples were collected by representative rock chips into numbered samples
bags, a CRM sample was inserted at a ratio of 1 sample in 20 to the sample batch, field duplicates
were additionally collected to confirm the outcrop geochemistry. All samples were submitted to
SGS laboratories, results are currently pending.
About the Company: Green Battery Minerals is managed by a team with over 150 years
collectively with a proven track record of not just finding numerous mines but building and
operating them too. The Green Battery Mineral management team's most recent success is
discovering the Berkwood graphite resource in Northern Quebec. Green Battery Mineral owns
this asset 100 percent , and the Company’s shareholders will benefit from this asset as the
demand for Graphite for electric vehicles increases significantly.
On Behalf of the Board of Directors
Green Battery Minerals lnc.
‘Thomas Yingling’
President, CEO & Director
2200 – 1250 Rene Levesque Blvd. Montreal, QC, H3B 4W8
Phone: (438) 469-0705
#1100 - 1111 Melville Street, Vancouver, BC, V6E 3V6
Phone: (604) 343-7740
FOR MORE INFORMATION, PLEASE CONTACT:
Investor Relations: [email protected] or 1-604-343-7740
Website: www.greenbatteryminerals.com
Disclaimer for Forward-Looking Information: Certain statements in this document which are not purely historical
are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding
the future. Forward looking statements in this news release include that the Company will carry out the drill program
described in this news release, conduct the Offering and expend funds on Berkwood Graphite Project exploration. It
is important to note that the Company's actual business outcomes and exploration results could differ materially from
those in such forward- looking statements. Risks and uncertainties include that further permits may not be granted
timely or at all; the mineral claims may prove to be unworthy of further expenditure; there may not be an economic
mineral resource; methods we thought would be effective may not prove to be in practice or on our claims; economic,
competitive, governmental, environmental and technological factors may affect the Company's operations, markets,
products and prices; our specific plans and timing dr illing, field work and other plans may change; we may not have
access to or be able to develop any minerals because of cost factors, type of terrain, or availability of equipment and
technology; and we may also not raise sufficient funds to carry out our plans. Additional risk factors are discussed in
the section entitled "Risk Factors" in the Company's Management Discussion and Analysis for its recently completed
fiscal period, which is available under Company's SEDAR profile at www.sedar.com. No assurance can be given that
any of the events anticipated by the forward -looking statements will occur or, if they do occur, what benefits the
Company will obtain from them. These forward-looking statements reflect management's current views and are based
on certain expectations, estimates and assumptions, which may prove to be incorrect. Except as required by law, we
will not update these forward-looking statement risk factors. Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy
or accuracy of this News Release.