Engages SGS Labs to Process Graphite to EV Battery-Grade $GEMS.C recently engaged with SGS Labs to upgrade graphite at the Rockstone Graphite Project to EV battery grade. The 785-hectare Rockstone project is located just 45km away from Thunder Bay, with good access to long-distance shipping infrastructure. This new engagement will do a few things for $GEMS.C.
- SGS will conduct a flotation and hydrometallurgical on a 2.7kg graphite sample with the goal of upgrading to an EV battery grade of 99.8% purity.
- They will be able to take advantage of EV battery cell use as approximately 1.2kg of graphite per kWh of energy capacity is required for modern EV battery cells (Just 1 Model S has up to 120kg of graphite).
- With China controlling 84% of the supply, there’s a significant amount of demand for more domestic production as governments try to reduce their reliance on China.
https://ca.finance.yahoo.com/news/infinity-stone-engages-sgs-labs-120000361.html
Beyond the Rockstone Project, $GEMS.C has holdings in various other projects that could hold high potential for the future. For example, the PAK Projects are adjacent to $FL.V’s SPARK and PAK deposits or the Taiga, Camaro, and Hellcat lithium projects are located next to $PMET.V’s Corvette Lithium discovery which has already begun to show extremely impressive results.
Overall, there’s a lot of room for growth at these levels considering their diverse set of promising projects in growing industries. And since mid-August, the stock has been reflecting the company’s potential. Still only a $23M market cap, so make sure to keep a close eye on any future developments.