Green Battery Minerals Inc (CVE:GEM) (OTCMKTS:GBMIF) (FRA:BK2P) has outlined a two-year path to advance its wholly-owned Berkwood Graphite resource in Quebec, from which it aims to provide materials for the growing electric vehicle (EV) industry.
Among the stepping stones is the development, currently underway, of anode material to make a test battery.
Already completed in this process has been the extraction and crushing of rock, while floating (for separation) is underway. Still pending is purifying the graphite to 99.95% using a clean alkaline process and sphericalzing, which would add $1,000 per ton to any potential sales price, according to the company.
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The company remains committed to Environmental, Social and Governance (ESG) considerations, it added and continues to "progress qualification activities and commercial discussions with potential customers using graphite material extracted and purified to 99.95% taken from its Berkwood project", it added.
"We are pleased to announce our path forward," said Tom Yingling, CEO of Green Battery Minerals, in a statement.
"Quebec benefits from an abundance of inexpensive and clean hydroelectric power, which will both save the company money, as well as support the companies ESG policy," he added.
"North America needs to create strong reliable local supply chains of high-quality battery materials that are produced with the lowest carbon footprint, with strict traceability compliance as well as ensuring that the cost of the graphite is always competitive."
Among the company's achievements already under its belt, the firm highlighted that metallurgical tests on project material had yielded 97.8% graphite and that between 70% and 80% of the Berkwood resource was Large to Jumbo flake size.
This will make spherical graphite, which is used in the anode of batteries and is easily expandable for industrial uses.
The project also boasts an NI 43 101 resource of 550,000 tonnes of graphite, which is growing, it said.
Also in the statement, the company said CEO Yingling will be at the Planet MicroCap Showcase VIRTURL 2021 showcase on Thursday, April 22 at 2:30pm ET.
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The Berkwood Graphite East Block consists of 38 claims covering 2,052 hectares prospective for graphite. Green Battery Minerals holds a 100% interest in the property, as well as an option to earn a 100%-interest in the Berkwood Graphite South Block, which consists of 106 claims totaling 5,714 hectares.
Contact the author at giles@proactiveinvestors.com