Link to full article: https://www.reuters.com/world/china/china-require-export-permits-some-graphite-products-dec-1-2023-10-20/
China has imposed export controls on graphite, a material used in electric vehicle batteries.
EV sales are increasing, and automakers will be scrambling to lock in the supply chain of graphite from outside China.
We are working towards production.
Green Battery has a 43-101 resource of natural, high-grade flake graphite, the type that is required in lithium-ion batteries. We have only drilled about 10% of our known graphite outcrops and we are working on a bulk sample to advance our project.
About the Berkwood Graphite Project
The Berkwood Graphite Project is located within the jurisdiction of Quebec, in the Manicouagan Regional County Municipality, three hours from Baie-Comeau. Easy access is provided via a significant secondary road and numerous tertiary and forest roads that traverse the property.
The Zone 1 graphite resource lies 8 km southwest of Nouveau Monde’s deposit, with a $3.5 billion NPV. The Company believes its Zone 1 resource, and that of Nouveau Monde, share many similar geological characteristics, with Zone 1 being exceptionally high grade and coarse flake size by global standards.
The current mineral resource at the Berkwood Graphite Project includes in-pit constrained resources totaling 1,755,300 tonnes of indicated resources at 17.00 % Cgr and 1,526,400 tonnes in inferred resources at 16.39 % Cgr.
In-pit Resource at Lac Gueret South (Berkwood Graphite Project) (rounded numbers)
The NI 43-101 Technical Report Mineral Resource Estimate on the Lac Gueret South (Berkwood Graphite Property), Quebec, Canada describes the mineral resource estimates above. With an Effective date of June 30th, 2019, by Edward Lyons, PGeo., Florent Baril, ing., and Claude Duplessis, ing.
Link to Report:
Qualified Person: Mr. Luke van der Meer, P.Geo. is a Qualified Person (“QP”) as defined by National Instrument 43-101 guidelines, and he has reviewed and approved the technical content of this news release.
About the Company: Green Battery Minerals is managed by a team with over 150 years of collective experience with a proven track record of finding numerous mines and building and operating some of them. The Green Battery Minerals management team’s most recent success is discovering the Berkwood graphite resource in Northern Québec. Green Battery Minerals owns 100% of this asset, and the Company’s shareholders will benefit from this asset as the demand for graphite for electric vehicles increases significantly.
On Behalf of the Board of Directors
Green Battery Minerals lnc.
‘Thomas Yingling’
President, CEO & Director
FOR MORE INFORMATION, PLEASE CONTACT:
Investor Relations:
or 1-604-343-7740
info@greenbatteryminerals.com
www.greenbatteryminerals.com
2200 – 1250 Rene Levesque Blvd. Montreal, QC, H3B 4W8
Phone: (438) 469-0705
#1100 – 1111 Melville Street, Vancouver, BC, V6E 3V6
Phone: (604) 343-7740
Disclaimer for Forward-Looking Information:
Certain statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward looking statements in this news release include that the Company will carry out the drill program described in this news release, conduct the Offering and expend funds on Berkwood Graphite Project exploration. It is important to note that the Company’s actual business outcomes and exploration results could differ materially from those in such forward-looking statements. Risks and uncertainties include that further permits may not be granted timely or at all; the mineral claims may prove to be unworthy of further expenditure; there may not be an economic mineral resource; methods we thought would be effective may not prove to be in practice or on our claims; economic, competitive, governmental, environmental and technological factors may affect the Company’s operations, markets, products and prices; our specific plans and timing drilling, field work and other plans may change; we may not have access to or be able to develop any minerals because of cost factors, type of terrain, or availability of equipment and technology; and we may also not raise sufficient funds to carry out our plans. Additional risk factors are discussed in the section entitled “Risk Factors” in the Company’s Management Discussion and Analysis for its recently completed fiscal period, which is available under Company’s SEDAR profile at www.sedar.com. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions, which may prove to be incorrect. Except as required by law, we will not update these forward-looking statement risk factors.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
