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CALGARY - Volt Carbon Technologies Inc. (TSXV:VCT) (OTCQB:TORVF), a micro-cap clean technology company with a market capitalization of $3.82 million, announced Thursday it has received a Notice of Allowance from the United States Patent and Trademark Office for its second U.S. patent application related to air classifier technology. According to InvestingPro data, the company’s shares have shown strong momentum with a 10.59% gain over the past week.
The allowed application (No. 18/782,462) is a continuation of the company’s previously issued U.S. Patent No. 12,172,192, expanding protection for its proprietary air classifier technology used in graphite processing. While the company advances its technology portfolio, InvestingPro analysis indicates challenges ahead, with analysts forecasting a sales decline in the current year.
In addition to the patent development, Volt Carbon reported producing reduced graphene oxide (rGO) from Berkwood flake graphite processed with its air classifier at its Guelph plant. The University of Waterloo’s Chemical Engineering Department verified the production of five-layer rGO sheets measuring up to 16.5 microns wide.
When incorporated into epoxy matrix, the material demonstrated a 40-60% improvement in mechanical properties compared to virgin epoxy, according to testing results shared by the company.
"The allowance for the second patent further reinforces our air classifier technology platform," said V-Bond Lee, CEO of Volt Carbon Technologies, in the press release.
The company also announced it has granted 6,500,000 stock options to officers, employees, and contractors. Each option is exercisable at $0.05 per share for a five-year term, vesting immediately upon grant, subject to TSX Venture Exchange approval. InvestingPro data reveals the company faces liquidity challenges with a current ratio of 0.11, indicating its short-term obligations exceed liquid assets. Subscribers can access 5 additional ProTips and comprehensive financial metrics for deeper analysis.
Volt Carbon Technologies focuses on energy storage and green energy creation with mining claims in Ontario, Quebec, and British Columbia.
In other recent news, Volt Carbon Technologies Inc. has successfully closed the final tranche of its private placement, raising $110,000 through the issuance of 5.5 million units priced at $0.02 per unit. This brings the total funds raised to $210,000, with each unit comprising one common share and one common share purchase warrant. The warrants allow holders to acquire an additional common share at $0.05 for a period of 24 months from issuance. Earlier, the company had closed the first tranche of the private placement, securing C$100,000 from 5 million units. Additionally, Volt Carbon Technologies received approval from the TSX Venture Exchange to increase the size of its non-brokered private placement to 11 million units, potentially raising up to $220,000. Each unit in this offering also includes one common share and one common share purchase warrant. The completion of this offering is contingent upon customary conditions and regulatory approvals, including final TSX-V approval. These developments highlight Volt Carbon’s ongoing efforts to secure funding through private placements.
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