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22/04/2024
Mining News

Developing graphite resources for the EV market

E-Power Resources is developing essential graphite resources in Quebec for the EV battery factories already funded and under construction.

Why is graphite needed for EV batteries?

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EV batteries have two sides, the cathode side and the anode side. The cathode side is the metal while the anode side is made almost entirely of graphite.

Without an anode, there is no battery. There are no known substitutes for graphite. A typical EV battery contains 50-100 kilos of graphite.

Where is graphite production coming from?

About 63% of natural global graphite production comes from China, followed by Madagascar (8%), Brazil (7%), Mozambique (7%), India (5%), and North Korea (3%). These six countries represent well over 90% of global production.

The US produces no graphite, while Canada has one operating mine, with less than 1% of global production.

How much manufacturing capacity requiring graphite is being built?

Benchmark Mineral Intelligence recently released a study forecasting North American battery manufacturing capacity will grow over six-fold by 2026 and 17-fold by 2031, over 2021 levels.

Where will they get their graphite after spending billions to build their factories?

Our strategy around this opportunity

E-Power Resources is developing local sources of graphite for the Quebec and North American electric vehicle industry.

We conduct research to identify graphite exploration and resource development opportunities. We secure a land position of mineral claims around those opportunities.

We delineate and develop graphite resources by determining tonnage, grade, flake size distribution, and mineability. We de-risk the projects to make sure they are optimised and attractive to battery manufacturers.

Most importantly, we aim to monetise those projects, as manufacturers are forced to secure material while it remains in the ground.

Our mineral properties

Tetepisca

Our flagship property is in the exceptionally high-grade Tetepisca graphite district.

The mineral property consists of over 12,000 hectares in North America’s highest-known grade graphite district. E-Power is the single largest mineral claim holder in this district.

On Tetepisca, we intend to delineate one or more world-class graphite deposits. From the property, we can drive to Baie-Comeau, Quebec, a port with rail and road links, in about 2.5 hours.

Turgeon

Located in the Abitibi Greenstone Belt, the 18,000+ hectare property is in an active gold and base metals exploration district.

The Detour Gold Mine, owned by Agnico-Eagle, lies about 15km away, while the Casa Berardi Mine, owned by Hecla, sits about 12km away.

E-Power is actively seeking partners for this property.

 

Source: Innovation

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