Hitting the Best Mining Jurisdictions in the World
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Electric automobiles (commonly known as EVs) are connected, exciting, and practical. They could help you save money while reducing pollution. Electric vehicles have various advantages that traditional internal combustion engine vehicles do not have. The electric vehicle market is currently valued approximately $121.8 billion. According to Blue Weave Consulting, by 2027, it could be approximately $263.3 billion, more than doubling its current value. However, there is a major issue. One that has the ability to put a stop to the potentially huge electric car explosion. Critical components such as graphite are in short supply around the world. Graphite is used to make the anode of lithium-ion batteries, which are utilized in electric vehicles and energy storage. (1) Charging your EV on renewable energy such as solar or wind minimizes these emissions even more. Learn more about how EVs reduce pollution and their lifecycle emissions.
Fortunately, there are resources that emphasize its focus on the hot sector of graphite primarily, is used for producing the anode of lithium-ion batteries used in electric vehicles and energy storage. The Berkwood Resources holds an advanced graphite project in northern Quebec, in which it has support approximately $6 million proving out a resource, and has contracted Pro Graphite of Germany to build test batteries to prove that its graphite could be used in making batteries. The Berkwood Graphite East Block consists of 38 claims covering 2,052 hectares prospective for graphite. The project boasts a resource of roughly 550,000 tons of graphite, which is improving. (2) It is necessary to have sustainable battery minerals in the production in order to produce a large number of electric vehicles. More information could be found here!
The industry operates in Quebec, one of the best mining jurisdictions in the world. The resource would likely double with the zone 6 data when it is available. Fast paydown of loans at a rate of around 7.5 M/ year with completion in year 7. Once operational, ongoing cash flow could facilitate continued exploration and drilling, confirming growth in our resource, and longer mine life or higher tonnage processed/year. The mine is estimated to employ many full-time workers, which would help with Quebec approving the mine and could help with favorable loans. The mine could support the desire for an all-Quebec battery supply chain infrastructure from mine site to the finished battery manufacturing. The property location benefits from advanced roads, power, workforce, and port. It also has a proposed graphite plant in place. Reduce, Reuse, Recharge! Check disclaimer on profile.
Source 1: https://www.energy.gov/eere/electricvehicles/electric-vehicle-benefits
