GMG.v could revolutionize energy storage. Since Graphene Manufacturing Group’s (TSXV: GMG) appointment of Frederick Kotzee as CFO, there is but one thing the market is watching for. And that is big sales announcements.
Kotzee was the CFO of the Australia-listed Kidman Resources Limited, a lithium project developer, where he successfully secured financing and offtake agreements with large battery purchasing companies as well as supported the company's ultimate acquisition by Wesfarmers Limited for more than $750 million.
GMG is currently in the process of developing pouch cells using its graphene aluminum-ion tech. These batteries boast over 3x energy capacity compared to lithium counterparts. The development of pouch cells allows GMG to market its products to more commercial and industrial clients.
Yes, this includes EVs. Up until now, GMG has only developed its graphene batteries in a coin cell format. If GMG is able to secure clients in the EV sector, you can mark my words that this stock will see astronomical gains.
GMG.v is currently trading at $3.46, valued at $272.53 million.
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