Green Battery Minerals Inc GBMID

Graphite in GEM's Neighbourhood Will End Up in Tesla's

[Mark48]

Tesla has numerous suppliers for graphite in the world and are getting away from being dependant on China.

You may or may not be aware that Tesla has already previously visited GEM's neighbours' mine, Nouveau Monde Graphite (NMG) in Quebec. 

Japan's Panasonic Energy is a supplier for Tesla's electric vehicles.  In February of this year Panasonic Energy signed a graphite supply agreement with Australian company Novonix to supply 10,000 tonnes of graphite to its US battery plants.

Also in February of this year Panasonic Energy signed an offtake agreement with GEM's neighbour Nouveau Monde for 18,000 tonnes of graphite annually as well as an initial investment of $25 million in NMG with intent for further investment with co-investors up to $150 million.

Panasonic Energy has EV battery plants in Nevada and Kanasas.

The bottom line here is, graphite in GEM's neighbourhood is already destined for Tesla vehicles, as well as GM's vehicles as they also signed an identical offtake agreement with NMG.

GEM's day will also come with its near surface, high grade, high quality, North American, GRAPHITE.

https://electrek.co/2022/09/01/tesla-visits-graphite-mine-factory-quebec/

 

https://www.usnews.com/news/technology/articles/2024-02-08/tesla-supplier-panasonic-secures-novonixs-graphite-for-ev-battery

 

https://stockhouse.com/news/press-releases/2024/02/15/nmg-and-panasonic-energy-announce-binding-offtake-agreement-and-us-25-million

[Mark48]

Especially with the new requirements about sourcing battery materials to get the new tax credit in the US, it makes trying to secure supply from Canada and “Quebec’s Battery Valley” the perfect location. If Tesla doesn’t do it, somebody else will.