GMG's new CFO has a lot of experience in battery sales. There are a few things that make me really excited about Graphene Manufacturing Group’s (TSXV: GMG) recent appointment of Frederick Kotzee as CFO.
In Kotzee’s career at Kidman Resources Limited, a lithium project developer, he successfully secured financing and offtake agreements with large battery purchasing companies. He also supported the company’s ultimate acquisition by Westfarmers Limited for more than $750 million.
This experience could not come to GMG at a better time. The company is currently working on the production of pouch cell batteries that utilize its Graphene Aluminum Ion (G+AI) tech. Pouch cells will make GMG’s tech usable in numerous commercial/industrial applications, as well as EVs.
G+AI cells have an advantage over lithium alternatives in the form of increased storage capacity, and they contain no lithium or REMs, making the supply chain uncomplicated.
GMG has been on a tear this month and is currently up over 40% from recent lows. Given these recent developments, I suspect we will see this trajectory continue over the coming months.
GMG.v is currently trading at $3.78, valued at $297.73 million.
https://ceo.ca/@newsfile/gmg-strengthens-its-management-team-with-the-appointment