RE:RE:RE:RE:RE:Valeur de GEM comparé à LLG Since GEM is giving up 50% of the profits, I take it that Volt must be supplying all or some this equipment. That would be an awful steep royalty if all GEM gets is use of technology and GEM puts all the money in as wellas the product.
quote from GEM release
"Based on the results from the Sample test, GEM and Volt Carbon negotiated and signed the Preliminary Mineral Processing Agreement. The Preliminary Mineral Processing Agreement outlines a path forward from initial feasibility studies, to bulk sampling and testing, and through to mine development and production.
In the feasibility phase, the graphite ore will be extracted from GEM’s Berkwood Graphite project, delivered to Volt Carbon’s test processing facility located in Scarborough, Ontario (“VCT’s Facility”) and then processed by Volt Carbon using the Process. The objective of the feasibility phase is to collect sufficient data so that Volt Carbon can reasonably estimate the capital expenditures required to manufacture the proprietary portable machinery needed to conduct the bulk-sampling phase. Although the ore processing is expected to cost an aggregate of $50K/ton, Volt Carbon expects that it will be necessary to raise additional capital to fund the manufacture of the portable machinery.
Assuming the successful manufacture of he portable machinery required, in the bulk-sampling phase, the graphite ore will be extracted from GEM’s Berkwood Graphite project, GEM will crush the graphite ore to 4 inch and deliver the same to VCT’s Facility for processing using the Process. It is expected that the flake graphite extracted from the bulk-samples will be saleable and GEM and Volt Carbon have agreed to share the profits from the sale of the same on a 50/50 basis.
In the mine production / development phase, the graphite ore will be extracted from GEM’s Berkwood Graphite project, GEM will crush the graphite ore to -12 mesh and deliver the same to VCT’s Facility for processing using the Process. The profits from the sale of the graphite concentrate will be split on a 50/50 basis.
Thomas Yingling, CEO of Green Battery Minerals, commented, “Following our successful tests, we are pleased to now have formalized a processing agreement that will provide us with access to an exceptional technology that not only delivers higher quality end product, but that does not produce toxic effluent. Furthermore, we have reasons to believe that the new technology has major cost benefits, which we will determine more accurately during this next phase. In conversations with major car manufacturers, the end market for most LIBs, it has become clear that the environmental footprint is a major deciding factor in supplier selection. Even with the shortage of graphite, having a process that provides such major improvements over traditional processing methods positions us well to become an important supplier of battery minerals to the EV industry and beyond.”
“The mineral processing agreement is a great step forward for Volt Carbon to develop a recurring revenue stream in graphite purification. Our dry processes will enable sustainable mineral separation processes using no water. Our team is developing this method to be one of the most ESG friendly ways of mineral separation. I’m looking forward to seeing the scale up of the dry separation process with GEM.” – V-Bond Lee, CEO of Volt Carbon Technologies."