Weaponisation of EV battery anode graphite has begun
MiFID II exempt information – see disclaimer below
Last brick in the wall financing required for Graphite miner
- Management have already mined one year of production and has already commissioned the front section of the process plant
- Process plant almost ready to commission back end of plant to get to 98% Cg
- The team have already upgraded 20 tonnes of graphite to ~94% Cg with the material ready for the polishing mill
- Almost all the capital required has been spent to developing the mine and plant to this stage
- The company is now looking for a financial backer to fund:
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- Working Capital (WIP)
- ‘spargers’ to fit into their flotation columns to improve recovery rates ($360,000)
- a new Solar power plant for 1.5MW capacity (€3.5m). should put the mine in the lowest cost quartile
- A liquidity event is planned for the next 3-6 months
- The mine has all permits for full production and graphite export and is debt free
(some argue that this report is based on Gratomic Inc, time will tell........)
Last brick in the wall (reference) here's Arno brand's Linkedin post....
CEO & President Gratomic, President and CEO One Bullion, Founder Premium Nickel Corp.
It is always a CEO’s greatest ambition to get to this point in a company’s life cycle. Most will never see it. Tough times or not everyone here can give themselves a good pat on the back, for what is to come is the reward of your success.