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Supply Critical Graphite Creating a Sizable Investment Opportunity
The global community must have access to graphite supply outside of China. At the moment, China controls 70% to 80% of the world’s graphite supply, according to Northern Graphite. China also makes almost 100% of the graphite anode material critical for lithium batteries and electric vehicles. To secure supply outside of the region, the U.S. and the European Union have named graphite a supply critical material. The USGS for example includes graphite on its list of 35 minerals and metals considered critical to the United States.
After all, graphite production needs to more than double over the next five years, according to Northern Graphite, to meet the demands of lithium ion batteries and auto companies. Graphite is a key component of the green economy, for use in lithium ion batteries, fuel cells, grid storage, and many other key technologies.
Graphite One Inc.: Graphite One Announces Closing CA$10 Million in Financings and Awarding of Options
VANCOUVER, BC / ACCESSWIRE / February 23, 2021 / Graphite One Inc.
(TSX-V:GPH)(OTCQB:GPHOF)
( Graphite One or the Company ) announced today it has completed two non-brokered private placement offerings, raising gross proceeds from both financings of CA$10 million and grants options.
Closes Private Placements
The Company has completed the two private placements previously announced on January 20, 2021 for CA$8 million and February 4, 2021 for CA$2 million (the
Offerings ), raising aggregate gross proceeds from both Offerings of CA$10 million. The net proceeds of the Offering will be used for the continued evaluation of the Company s advanced graphite materials supply chain Project, completion of the Pre-Feasibility Study planned for mid-year 2021 and for general working capital purposes.
Base and Battery Metals Snapshot: Eight companies pursuing critical minerals
The mine entrance at the Teledyne project in Cobalt, Ontario. Credit: Fuse Cobalt.
Amidst a growing move towards electrification and emerging concerns about the sourcing of raw materials, base and battery metals exploration and development assets in North America are on investors’ radar screens. Below, we provide an overview of eight companies in the space.
Canada Nickel
After listing on the TSX Venture exchange in March 2020,
Canada Nickel Company (TSXV: CNC; US-OTC: CNIKF) is working to deliver a feasibility study on its Crawford nickel-cobalt sulphide project in the Timmins mining camp by the end of this year.
US government gives high priority status to Graphite One’s Alaskan project
Drill platform at Graphite One’s Graphite Creek project in western Alaska. Credit: Graphite One
In mid-January Graphite One’s (TSX: GPH; US-OTC: GPHOF) Graphite Creek project in Alaska was designated as a High-Priority Infrastructure Project (HPIP) by the US. government’s Federal Permitting Improvement Steering Committee (FPISC). The approval comes after the project was originally nominated for HPIP designation by Alaskan governor Mike Dunleavy in October, 2019.
In his 2019 nomination letter to the FPISC, Governor Dunleavy wrote that designating Graphite Creek as a High-Priority Infrastructure Project “will send a strong signal that the US. intends to end the days of our 100% import-dependency for this increasingly critical mineral.”