Volt Resources Ltd remains upbeat to raise US$40 million on the Dar es Salaam Stock Exchange to progress the Bunyu Graphite project.
Trevor Matthews, Volt Resources Chief Executive Officer has reiterated that the company remains upbeat on Bunyu Graphite Project, as demand and supply for the commodity shifts, sending up prices.
“We’re the first miner to proceed with this particular funding pathway…,” said Matthews.
Matthews said is ‘certainly fairly confident’ the company will raise enough on the bourse to fund the project.
“… and so are our advisors, that we’ll be successful in raising the US$40 million we need,” said Matthews.
Volts optimism is also being propped up by the completion of mining license approvals and also environmental approvals.
“We can be on track to commence construction of our 20,000 tonne per annum stage one project in the current quarter,” Matthews said.