Last month, we published an article of Green Battery Minerals Inc. (TSX-V: GEM) (FSE: BK2P) (WKN: A2QENP) (OTC: GBMIF) as a Canadian junior miner that is flying under the radar and wanted to issue an update on the opportunity.
The Canadian junior miner owns a diversified platform and is focused on several key minerals from strategic locations. We are favorable on the assets that are owned by Green Battery and believe the business is well positioned to record strong growth in 2023 and beyond.
Earlier this week, Green Battery entered into a preliminary mineral processing agreement with Volt Carbon Technologies Inc. (TSX-V: VCT, OTCQB: TORVF, BERLIN: WNF) and we want our readers to be aware of the development.
The agreement comes less than a month after Green Battery provided Volt Carbon with a 5 kilogram sample of crushed feedstock from its Berkwood Graphite project in Quebec, Canada. We are favorable on the advancement of the relationship and believe the market underappreciates this aspect of the story.
Volt Carbon processed the sample using its proprietary dry separation process technology as a test and found the results to be favorable. After Volt Carbon studied the sample, it sent the processed material to a third-party lab for independent testing. The results from the third-party lab verified that the processed sample yielded a graphite content of 91.55%, with total carbon showing at 97%.
Based on the results from the sample test, the companies entered into a preliminary mineral processing agreement which outlines a path forward. From initial feasibility studies to bulk sampling and testing, the companies will be conducting comprehensive studies on samples from Green Battery’s Berkwood Graphite project.
In the feasibility phase, the graphite ore will be extracted from the Berkwood Graphite project and will be delivered to Volt Carbon’s test processing facility located in Scarborough, Ontario. The objective of the feasibility phase is to collect sufficient data so that Volt Carbon can reasonably estimate the capital expenditures required to manufacture the proprietary portable machinery needed to conduct the bulk-sampling phase.
So far, the companies have done the air separation for a small sample in a lab and now the teams are focused on expanding the amount of product that is being air separated. The next stage will conducting air separation on a bulk sample of rocks. Later this month, the company will be at the location and will extract more material to be separated. The initial results were so positive that operator wants to starts to separating tons of material.
We are favorable on the expertise that each company brings to the partnership and believe the market is discounting the potential value that is associated with it. We are of the opinion that the results are favorable for Green Battery Minerals and that the data de-risks the Berkwood Graphite project.
Over the next year, we expect Green Battery to report a series of major developments and believe that positive data from its projects could prove to be the catalyst for the stock to break out. At current levels, we believe that Green Battery has a compelling valuation and a favorable risk-reward profile. We consider Green Battery to be a company with significant potential growth catalysts and want our readers to be aware of the business.
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This article contains forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs regarding future performance are “forward-looking statements”. Forward-looking statements can be identified by the use of words such as “expects”, “does not expect”, “is expected”, “believes”, “intends”, “anticipates”, “does not anticipate”, “believes” or variations of these words, expressions or statements, that certain actions, events or results “may”, “could”, “would”, “might” or “will be” taken, will occur or will be realized. Such forward-looking statements involve risks, uncertainties and other known and unknown factors that could cause actual results, events or developments to differ materially from the results, events or developments expected and expressed or implied in such forward-looking statements. These risks and uncertainties include, but are not limited to, dependence on obtaining and maintaining regulatory approvals, including the acquisition and renewal of federal, provincial, state, municipal, local or other licenses, and any inability to obtain all necessary government authorizations, licenses and permits to operate and expand the Company’s facilities; regulatory or policy changes such as changes in applicable laws and regulations, including federal, state and provincial legalization, due to fluctuations in public opinion, industry perception of integrative mental health, including the use of psychedelic-assisted therapy, delays or inefficiencies or any other reason; any other factor or development likely to hamper the growth of the market; the Company’s limited operating and profitability track record; dependence on management; the Company’s need for additional financing and the effects of financial market conditions and other factors on the availability of capital; competition, including that of more established and better funded competitors; the impact of the Russia-Ukraine conflict on the global economy; the continued impact of the COVID-19 pandemic; and the need to build and maintain alliances and partnerships, including with research and development companies, customers and suppliers. These factors should be carefully considered, and readers are cautioned not to place undue reliance on forward-looking statements. Despite the Company’s efforts to identify the main risk factors that could cause actual measures, events or results to differ materially from those described in forward-looking statements, other risk factors may cause measures, events or developments to materially differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in forward-looking statements. The Company does not undertake to revise forward-looking statements, even if new information becomes available as a result of future events, new facts or any other reason, except as required by applicable laws
