Global Li-Ion” or, the “
Company”) (CSE: LION) is pleased to announce that with its partner Swiss EMX the Company will proceed with the launch of its Graphite Token as per the proposed offtake agreement to supply Graphite from the Ambato-Arana graphite project in Madagascar (the “
Malagasy Project”). Swiss EMX plans to launch pre-sales of its Commodity backed Graphite Token in the upcoming weeks.
Under the new partnership LION will honor the original off-take agreement announced Feb 14
th, 2019 and will take a 15% interest in Swiss EMX for an investment of $250,000 dollars.
Demand for energy storage, driven by the accelerating move to electric vehicles and alternative energy with a view to meeting CO2 emissions targets, is expected to increase by orders of magnitude over coming years creating a supply shortfall in, and increasing the need for liquidity in, graphite and e-metals supplies and markets.