Australia's Volt Resources gains on order with U.S. firm

Volt Resources

11/10/2023 05:06

** Shares of Volt Resources  VRC.AX  advances as much as
12.5% to A$0.009, sees busiest day since Oct 4 - if gains hold 
    ** The graphite anode developer says it has signed a Letter
of Intent with U.S.- based M2i Global, Inc to supply graphite
for U.S. Department of Defense  urn:newsml:reuters.com:*:nFWN3BG3CV
    ** Contract for procurement for up to 20,000 tonnes per year
of graphite for three years 
    ** Shares hit highest since Oct 6 
    ** Stock has fallen ~46.7% this year, as of last close


($1 = 1.5307 Australian dollars)

 (Reporting by Archishma Iyer in Bengaluru)
 ((Archishma.Iyer@thomsonreuters.com;))