RE:RE:News release... Green Graphite Technologies (GGT) - Not Public, receiving $3.5M has two offices. One in Montreal and one in Kingston. Wonder which is the head office?
As aside from that, IMO we as investors should be ripping this apart. What is their tech currently doing that Recyclico isn't? I haven't dug in [yet], however, I am curious about:
- How does GGT tech {process, etc} compare to Recyclico's? # Those with an engineering background could probably better answer this.
- Is GGT commercialized?
- What do their financials look like # Is the company profitable?
- Do they have their own mines, or does GGT simply service the needs of other companies?
# Recyclico will essentially focus on servicing other company's requirements, In addition, Recyclico company isn't commercialized. Perhaps these were factors in the decision making process? Perhaps a factor was Montreal having a hand in the game, all speculation...
{Site Info}
https://greengraphitetech.com/
Founded in 2021, GGT’s goal is to be the leading global solution for producing battery-grade graphite from mined natural flake graphite, recycled LiBs and production scrap. With our cost-effective and environmentally friendly patented technologies, we produce purified graphite with essentially no carbon footprint and in-situ reagent regeneration.