Green Battery and Volt Carbon manufacture initial Lithium- Ion Batteries with graphite anodes that require no acid purification, flotation, sphericalization, or carbon coating.
2200 – 1250 Rene Levesque Blvd.
Montreal, QC, H3B 4W8
Phone: (438) 469-0705
Phone: (604) 343-7740
Email: [email protected]
Green Battery and Volt Carbon manufacture initial Lithium-
Ion Batteries with graphite anodes that require no acid
purification, flotation, sphericalization, or carbon coating.
Highlights
Battery cells were fabricated by Volt Carbon using a graphite anode produced
from Green Battery's Berkwood Graphite mineral deposit Zone 6.
The anode material was fabricated entirely from dry processing of the mineral
samples provided to Volt; this could potentially lead to an enhanced ESG score
and a significantly reduced carbon footprint.
The test data from Volt affirms the high quality and integrity of Green Batteries'
graphite mineralogy for LIBs.
The anode material was created by omitting several traditional costly processes,
including flotation, acid purification, sphericalization, and graphitization.
The timeline from graphitic rock to anode and, ultimately, to a lithium-ion battery
was less than 4 months due to the innovative proprietary processes employed.
December 12th, 2023 VANCOUVER, B.C. Green Battery Minerals Inc. (” Green” or the
“Company”) (TSX-V: GEM, FSE: BK2P, WKN: A2QENP OTC: GBMIF) ) and Volt
Carbon Technologies Inc. (“VCT” or “Volt Carbon,” TSX-V: VCT, OTCQB: TORVF,
BERLIN: WNF) are pleased to announce the test results of their LIB. (See Volt
Carbon Technologies "VCT" News Release December 11th, 2023)
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2 | Page # 2200 – 1250 Rene Levesque Blvd. Montreal, QC, H3B 4W8Phone: (438) 469-0705
# 1100 - 1111 Melville Street, Vancouver, BC, V6E 3V6 Phone: (604) 343-7740
Volt Carbon Technologies Inc. is pleased to announce the commencement of battery anode
development using graphite refined from Green Battery Minerals Berkwood property,
accompanied by the release of initial test results affirming the high-grade graphite's suitability
for lithium-ion batteries.
Utilizing the super jumbo flake graphite concentrate derived from rock samples provided by
Green Battery to Volt in July 2023, Volt's Scarborough facility successfully executed a dry
separation process, yielding a record-high total carbon content of 98.4%, as announced on
August 15, 2023. Under the guidance of Dr. Aiping Yu, Volt's newest Board Member and
University of Waterloo Professor, the graphite underwent a straightforward mechanical
reduction process to achieve battery-grade anode sizes without additional purification treatment.
This process used no harmful chemicals and did not go through two very costly and energy-
consuming processes of sphericalizing and coating. These processes or variations may be added
in the future to improve battery performance.
Dr. Yu's team extensively characterized the graphite using techniques such as x-ray diffraction
(XRD), Inductively Coupled Plasma Mass Spectrometry (ICP-MS), and scanning electron
microscopes (SEM), confirming its suitability for further battery anode development. This
involved coin cell fabrication through a straightforward micronization process applied to the
flake graphite concentrate.
Subsequently, coin cells were manufactured alongside benchmarked samples of commercially
available graphite anodes and are currently undergoing cycle testing at Solid Ultrabattery's and
the University of Waterloo's labs. Initial coin cell testing revealed a capacity of 344mAh/g,
achieved without any chemical processes under entirely dry handling conditions and without
sphericalization and carbon coating. This highlights the efficacy of the mechanical reduction
process and underscores the promising potential of sustainable dry-separated graphite for
battery applications. With further process adjustments, the company aims to achieve results
exceeding 360 mAh/g in the upcoming quarter.
The XRD and Raman shift plots below show the similarities of Green Batteries' natural graphite
structure against commercial battery grade anodes. The integrity of the graphite structure
is evaluated by the ID/IG ratio of the samples. All of Green Battery's samples showed
approximately the same ratio as the commercial anode.
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3 | Page # 2200 – 1250 Rene Levesque Blvd. Montreal, QC, H3B 4W8Phone: (438) 469-0705
# 1100 - 1111 Melville Street, Vancouver, BC, V6E 3V6 Phone: (604) 343-7740
These outcomes mark the initial stride in optimizing Green Batteries graphite for lithium-ion
batteries, reinforcing Volt Carbon's commitment to advancing battery technologies, as explicitly
stated in our July 24, 2023, press release. Volt Carbon remains dedicated to refining dry
processes for converting Green Batteries' materials into battery-grade anodes, maximizing value
with our mineral processing agreement with Green Battery while driving significant technical
progress in the North American battery materials supply chain.
"The constraints on graphite trade in North America have spurred our determination to
innovate and develop resources sustainably and cost-effectively within the region. We have
determined through testing that high-grade graphite mineral deposits provides significant
advantages, making the processing to graphite concentrate and anodes much simpler compared
to low-grade deposits. We're on the brink of a great opportunity, and I'm eagerly
looking forward to the upcoming results from our highly qualified technical teams" - V-Bond
Lee, CEO of Volt Carbon Technologies.
Tom Yingling, President and CEO, states: “We are very impressed with Volts' air separation
process. The air separation process maintains the integrity of the large flake, which has good
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4 | Page # 2200 – 1250 Rene Levesque Blvd. Montreal, QC, H3B 4W8Phone: (438) 469-0705
# 1100 - 1111 Melville Street, Vancouver, BC, V6E 3V6 Phone: (604) 343-7740
Crystallinity and capacity for LIB.”
In July, Green Battery gave Volt 27 tonnes of graphitic material from its Berkwood
Property. Volt has subsequently crushed, and air separated the graphite from that material, and
created lithium-ion batteries with it.
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 graphite resource lies 8 km southwest of Nouveau Monde's deposit, which has a
$3.5 billion NPV on it. The Company believes its Zone 1 resource, and that of Nouveau
Monde, share many similar geological characteristics, with Zone 1 being exceptionally high
grade and coarse flake size by global standards.
The current mineral resource at the Berkwood Graphite Project includes in-pit constrained
resources totaling 1,755,300 tonnes of indicated resources at 17.00 % Cgr and 1,526,400 tonnes
in inferred resources at 16.39 % Cgr.
In-pit Resource at Lac Gueret South (Berkwood Graphite Project) (rounded numbers)
Current Resources (as of June 17th, 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 on the Lac Gueret South Graphite Property,
Quebec, Canada. With an Effective date of June 30th, 2019, by Edward Lyons, PGeo., Florent
Baril, ing., and Claude Duplessis, ing.
Link to Report:
https://greenbatteryminerals.com/wp-content/uploads/ReportFINAL_compressed.pdf
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5 | Page # 2200 – 1250 Rene Levesque Blvd. Montreal, QC, H3B 4W8Phone: (438) 469-0705
# 1100 - 1111 Melville Street, Vancouver, BC, V6E 3V6 Phone: (604) 343-7740
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 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:
or 1-604-343-7740
[email protected] 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 drilling, 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.
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6 | Page # 2200 – 1250 Rene Levesque Blvd. Montreal, QC, H3B 4W8Phone: (438) 469-0705
# 1100 - 1111 Melville Street, Vancouver, BC, V6E 3V6 Phone: (604) 343-7740
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