The research by Professor Richard Herrington, director of Earth Sciences at the Natural History Museum, discovered that increasing mining activity is necessary to fuel the green energy revolution.
According to Professor Richard Herrington, the transition to greener technologies is strongly dependent on raw elements like cobalt and lithium, which are now mainly acquired via mining.
The metals and mining industry is uniquely positioned to play a critical role in achieving a sustainable world. Why? For starters, the industry has a worldwide influence – it works on every continent except Antarctica and supplies components used in practically every product. The industry has a long history of overcoming challenging technological, environmental, logistical, and energy-related issues, providing it with the expertise and skillsets needed to incorporate sustainability into operations.
What mineral needs the most significant increase in production to meet rising EV demand?
You may be surprised to learn that the answer is — GRAPHITE!
- Volkswagen needs 300 gigawatt-hours (“GWh”) of lithium-ion battery output to satisfy its EV sales objectives for 2025.
- Tesla requires 350 gW hours, Daimler (Mercedes) requires 200, and China requires 250 for anticipated domestic sales.
- Then there are all the other automakers and the grid storage business.
Most investors do not understand the distinction between GWh and a lightbulb. However, you should be aware that even if these companies are only hitting 25% of their sales objectives, many new graphite mines are needed, and billions of dollars are necessary.
Thousands of dollars must be invested. There can be no EV market without a lot more graphite.
The anode material is the single most significant component in a lithium-ion battery. There are no alternatives. According to Elon Musk, they should be referred to as nickel-graphite batteries. Graphite demands a tremendous increase in the manufacturing of any battery minerals.
The Bissett Creek Graphite Project.
The number of high-quality, advanced stage graphite companies, located close to infrastructure in politically stable countries can be counted on the fingers of one hand, with some leftover. There should be one that immediately comes to mind: Bissett Creek.
Our new mining client, Northern Graphite Corporation, holds a 100% interest in the Bissett Creek mining leases with two development projects of graphite used for the growing demand for EV/battery.
In 2021 Bissett Creek concentrates were independently tested by ProGraphite in Germany. It is one of the world’s leading graphite R&D laboratories with several decades of expertise. Its testing found that Bissett Creek’s concentrates:
- are of high value and quality
- are well suited for the battery market
- are easily purified to battery standards
- demonstrated excellent performance in battery testing
Located five hours north of Toronto, between North Bay and Ottawa, and 15kms from the Trans-Canada Highway, the site can be accessed by a good quality all-weather road. Labour, natural gas, equipment and supplies, rail lines, and water are all readily available. Transportation to US markets or internationally through the port of Montreal is straightforward. The project is essentially construction-ready, subject to the completion of operational permitting and financing.
In a world where graphite is in high demand, with exceptionally high purity, large-sized graphite flakes, the Bissett Creek Graphite Project will play a significant role in creating a more sustainable future.
In addition to the Bissett Creek Graphite Project, Northern Graphite had signed the option to acquire a 100% interest in the Mousseau West Graphite project.
Northern Graphite Corporation is pleased to announce that it has entered into an under which it has the option to acquire a 100% interest in the Mousseau West Graphite project, subject to the owners retaining. The property is roughly 80 kilometers from the producing Lac-des-Iles graphite mine in Quebec and is within economic trucking distance. On December 2, 2021, Northern announced that it has agreed to formal acquisition agreements to buy LDI and a graphite deposit/processing facility in Namibia from Imerys SA subsidiaries.
To know more about this project, click here.
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