NEW YORK, September 13, 2017 /PRNewswire/ --
A report published by Variant Market Research, projects that the global Lithium-ion battery market will reach an estimated $56 billion in value by 2024, and growing at a CAGR of 10.6% from 2016 to 2024. Li-ion batteries are now widely implemented as the power or energy source for a wide variety of products, including portable electronics and electric vehicles. Each lithium-ion (Li-ion) battery is a complicated assembly of materials. According to a research report by Roskill, battery cell assembly requires a complex supply chain of largely unrelated product groups, where nonferrous minerals such as lithium, graphite, cobalt, and nickel are used. Global Li-Ion Graphite Corp (CSE: LION), Mason Graphite Inc. (OTC: MGPHF), Graphite One Resources Inc. (OTC: GPHOF), Panasonic Corporation (OTC: PCRFY), Northern Graphite Corporation (OTC: NGPHF).
The rechargeable batteries for the electric vehicle market, which Tesla is a significant part of, contributes significantly to the graphite market. "Our cells should be called Nickel-Graphite, because primarily the cathode is nickel and the anode side is graphite with silicon oxide [there's] a little bit of lithium in there, but it's like the salt on the salad," explained CEO Elon Musk, according to Benchmark Mineral Intelligence. "The main determinants on the cost of the cell are the price of the nickel in the form that we need it and the cost of the synthetic graphite with silicon oxide coating."
Global Li-Ion Graphite Corp (CSE: LION) listed on the Canadian Stock Exchange under the Ticker 'LION'. Earlier today the company announced breaking news that it has entered into a memorandum of understanding (the "MOU") with Avana Resources Limited ("Avana") to acquire a 100% interest in Avana's graphite interests in Madagascar;, the project comprises 3 mining exploitation licenses totaling 4,375 hectares (10,811 acres), in the vicinity of Andasibe in Toamasina Province in Madagascar (collectively, the "Property").
The Madagascar Graphite project has been in operation on and off for the last century and is reported to have produced a combined approx. 18,000 tons of graphite oxide between 1998 and 2008 ( P.G. Ringdahl report 2008 and Wardell Armstrong report 2014) from small private artisanal surface mining operations, after which time the owner/ operators retired. The project's land and operating permits have been kept in good standing and are up to date. A recent draft 43-101 report (Wardell Armstrong 2014) reports "an average run of mine (ROM) of 12% Graphite with first stage onsite flotation producing a 73% concentrate." Both reports indicate the presence of large flake graphite (+80# mesh).
Company President Jason Walsh commented, "We are particularly excited to have the opportunity to acquire these advanced assets as we believe we can bring them back into production in fairly short order given their history and infrastructure, providing the requisite economical and technical evaluations support a production decision. We look forward to working with Avana's very experienced team on the ground in Madagascar in our efforts in making LION a leading provider of Graphite Oxide for the rapidly growing energy storage market." The Company is confident that working with the Avana team, which has extensive minerals, mining and project management experience in Madagascar will provide LION the necessary skill and expertise to achieve our stated goals.
About the Malagasy Graphite Property - The three mining exploitation licenses that comprise the Project are located in the vicinity of Andasibe in Toamasina Province in Madagascar, near the major Ambatovy nickel/cobalt laterite open pit project which is about 20 km to the southwest. The nearest seaport is Toamasina, Madagascar's main port, some 220 km by road.
The licenses total 4,375 hectares (10,811 acres). Graphite was produced on the licenses for roughly a century from about 1910 but in recent years production has been mothballed as the family operators have chosen to retire. The production has been free digging of lateritic ore and open pit mining access on hills, providing low cost exploitation without need for blasting. The technical content of this news release was reviewed and approved by Glen Macdonald, P.Geo, who is a Qualified Person within the meaning of NI 43-101."
Mason Graphite Inc. (OTCQX: MGPHF) is a Canadian mining and processing company focused on the development of its 100% owned Lac Guéret natural graphite deposit located in north-eastern Québec. The Company is led by a highly experienced team that has over five decades of experience in graphite production, sales, and research and development. Recently, the company reported that NanoXplore Inc. is now a public company and its shares began trading on the TSX Venture on September 8, 2017. Management of Mason Graphite sees definite potential for growth in NanoXplore and a lot of synergies in the partnership in place. Mason Graphite is the sole supplier of graphite to NanoXplore and is also a sales, marketing and distribution agent.
Graphite One Resources Inc. (OTCQB: GPHOF) is exploring, with the intent to develop its Graphite One Project, whereby the Company could potentially become the dominant American producer of high grade Coated Spherical Graphite that is integrated with a domestic graphite resource. The Project is proposed as a vertically integrated enterprise to mine, process and manufacture high grade CSG primarily for the electric vehicle lithium-ion battery market. Graphite mineralization mined from the Company's Graphite Creek Property, situated on the Seward Peninsula about 55 kilometers north of Nome, Alaska, would be processed into concentrate at a mineral processing plant to be located adjacent to the mine. The graphite concentrate would be shipped to the Company's proposed product manufacturing facility where CSG and other value-added graphite products would be manufactured.
Panasonic Corporation (OTC: PCRFY) on April 27 announced that it held an opening ceremony for a new automotive lithium-ion battery factory in Dalian, China. The factory is Panasonic's first automotive battery cell production site in China. Panasonic will further strengthen its global competitiveness in the automotive battery industry by the establishment of production sites in Japan, the United States, and China. With this new factory in China, Panasonic establishes a global battery cell production system for eco-friendly vehicles. Panasonic has provided automotive lithium-ion batteries to a number of auto manufacturers on a global basis and is leading the automotive battery market.
Northern Graphite Corporation (OTCQX: NGPHF) is a Canadian company that has a 100% interest in the Bissett Creek graphite deposit located in southern Canada, relatively close to all required infrastructure. Bissett Creek is an advanced stage project that has a Full Feasibility Study and its major environmental permit. Recently, the company reported that the price of large flake graphite has increased by approximately 30 per cent over the last couple months and is again selling for over US$1,000/tonne, FOB China. European and North American prices are generally US$50-100/tonne higher. XL flake prices have also risen significantly while smaller flake sizes have experienced more moderate price increases. Gregory Bowes, Chief Executive Officer, commented that; "While it is still early, this is hopefully the start of the same upward price trend experienced by the other lithium ion battery ("LiB") minerals, lithium and cobalt. Northern is very well positioned to benefit with an advanced stage XL flake deposit and a proprietary purification technology that offers an alternative to the Chinese process which is creating environmental issues."
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