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Focus Graphite Inc V.FMS.WT


Primary Symbol: V.FMS Alternate Symbol(s):  FCSMF

Focus Graphite Inc. is a Canada-based advanced exploration company. The Company is engaged in the exploration and development of deposits of flake graphite located in Quebec, Canada. Its projects are Lac Knife and Lac Tetepisca projects. Lac Knife project is a high-grade crystalline flake graphite deposit located in northeastern Quebec, approximately 27 kilometers (km) south of Fermont. The property consists of approximately 57 mining claims covering 29,863 hectares. Lac Tetepisca project comprises two properties, Lac Tetepisca and Lac Tetepisca Nord. These properties are located in the Southwest Manicouagan reservoir area of the Cote-Nord region of Quebec, approximately 234 km north-northwest of the city of Baie-Comeau, an industrial city located where the Manicouagan River intersects the north shore of St. Lawrence River in the Cote-Nord, Quebec. Its properties form a block of approximately 115 claims, covering 6,000 hectares within the Manicouagan-Ouest Graphitic Corridor.


TSXV:FMS - Post by User

Bullboard Posts
Post by clearsuddenon May 28, 2014 3:04pm
200 Views
Post# 22606738

Panasonic has an idea to be Tesla's one and only gigafactory

Panasonic has an idea to be Tesla's one and only gigafactory

Panasonic has an idea to be Tesla's one and only gigafactory partner


https://green.autoblog.com/2014/05/27/panasonic-has-an-idea-to-be-teslas-one-and-only-gigafactory-par/

Posted May 27th 2014 4:16PM

Comments28


Samsung? Who's Samsung? That's what Panasonic is asking as the electronics conglomerate makes it clear it is looking to secure its position in Tesla Motors' plans to build a huge car-battery factory over the next three years.

Panasonic is now saying it expects to be the only battery manufacturer partner for Tesla's so-called gigafactory, Reuters says, citing comments from Panasonic senior executive Yoshio Ito. Ito says his company has been in talks with Tesla about its construction plans, and while Samsung started supplying Tesla's batteries last year, Panasonic, which makes Tesla's lithium-ion cells, is looking for solo billing once the $5-billion factory goes live in 2017. All Tesla CEO Elon Musk has said so far is that he expects Panasonic to be the main partner in the gigafactory.

Last fall, Panasonic and Tesla reached an agreement in which Panasonic would increase its supply of battery cells to Tesla by a factor of 10 within the next three years, and Panasonic says its already doubled its battery-production investment this year largely because of the California automaker. That said, Panasonic president Kazuhiro Tsuga said in March that there was significant risk involved in any investment in the gigafactory and hadn't committed to any investment as of that time. So Ito's comments may merely be a negotiation ploy. Tesla is looking for partners to shoulder about $3 billion of the $5 billion gigafactory cost.

Earlier this month, Lux Research estimated that Panasonic has a 39-percent global market share for plug-in and hybrid batteries. NEC has 27 percent and LG Chem has nine percent.
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