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Mining

Volt Resources to lift cash balance for Tanzanian graphite

Volt's Namangale graphite project is located in Tanzania.

Volt Resources Ltd (ASX:VRC) recently revealed that graphite concentrate from the company's Namangale project is suitable for a wide array of expandable graphite applications.

The company already has off-take agreements in place.

Volt has today been granted a trading halt by the ASX, pending details of a capital raising.

The halt will remain in place until the opening of trade on Tuesday 5th September 2017, or earlier if an announcement is made to the market.

READ NOW: Volt Resources shares higher on expandable graphite results