Five Top Graphite Stocks to Own Heading with the Electric Vehicle Boom

January 25, 2023 - Baystreet.ca


With electric vehicle demand only accelerating, the world needs to get its hands on far more graphite -- an essential ingredient in electric vehicle anodes. In fact, according to MarketPlace.org, “Even though they’re called lithium cells, that metal only accounts for 4% of the mineral demand in EV batteries. Graphite makes up more than half, and we’re not really mining any at home.” China is responsible for much of the world’s battery grade graphite, and furthermore it’s synthetic, with significant energy and emissions require in production. That’s creating big opportunity for natural graphite companies, such as Infinity Stone Ventures Corp. (CSE: GEMS) (OTC: GEMSF), Graphite One Inc. (TSXV: GPH) (OTCQX: GPHOF), Nouveau Monde Graphite Inc. (NYSE: NMG) (TSXV: NOU), Next Source Materials Inc. (TSX: NEXT) (OTC: NSRCF). It would be beneficial for electric vehicle stocks, like Tesla (NASDAQ: TSLA), as well.

Look at Infinity Stone Ventures Corp. (CSE: GEMS) (OTC: GEMSF), For Example

Infinity Stone Ventures Corp. provided an update on its Fall drill program on the Rockstone Graphite project located near Thunder Bay, Ontario.

The Company has received assays for all of the drill holes from the Fall Drill Program, including RS-22-01, RS-22-02, RS-22-03 and RS-22-04, all of which returned elevated graphitic carbon (Cg) and zinc, with significant mineralization and grade comparable with drilling results from other graphite discoveries, including Nouveau Monde Graphite Inc.’s Matawinie Mine.

- Hole RS-22-01 intersected 15.68% Cg and 0.56% Zn over 4.83 metres, including 24.05% Cg and 0.72% Zn over 2.33 metres.

- Hole RS-22-03 intersected 1.87% Cg and 0.06% Zn over 16.45 metres and 3.36% Cg and 0.13% Zn over 101.0 metres, including 21.96% Cg and 0.78% Zn over 4.32 metres.

- Hole RS-22-04 intersected 10.86% Cg and 0.42% Zn over 14.0 metres, including 17.94% Cg and 0.60% Zn over 7.0 metres.

- Hole RS-22-02 intersected 1.70 g/t Au over 2 metres from 198 to 200 metres (as previously announced on January 10, 2023). The hole did not intersect significant graphite or zinc mineralization.

See Table 1 below for drill program highlights and Figures 1 through 3 for core photos from RS-22-01, RS-22-03 and RS-22-04.

Table 1: Drill Program Highlights


As previously announced on January 10, 2023, RS-22-02 encountered the 2.0-metre interval of gold mineralization from 198 metres to the drillhole's final depth of 200 metres, terminating in the mineralized lithology of intermediate volcanics with quartz veining. The Company completed drilling of 4 holes, RS-22-01, RS-22-02, RS-22-03, and RS-22-04, totalling 800.0 metres. The Au intersection represents a new regional gold discovery and appears to be associated with Rockstone Cu/Zn/graphite VMS-type exhalite mineralization.

Infinity Stone intends to immediately mobilise for an extended drill program to extend RS-22-02 to determine further gold mineralization, alongside additional step-out holes. The Company also will initiate 3D modelling the results of the Fall Drill Program, ahead of a planned geophysics program, including a down-hole magnetic survey. The Company also looks forward to sharing the results of its metallurgical program with SGS Canada Inc. ("SGS Labs") to refine samples from Rockstone to EV battery-grade graphite concentrate.

“The results of the Fall Drill Program have affirmed the prospective value of the Rockstone Graphite Project and have allowed us to compare Rockstone to significant graphite discoveries, including Nouveau Monde’s Matawinie Project”, said Zayn Kalyan, CEO of Infinity Stone. “Nouveau Monde has paved the way in terms of the development of natural graphite in Eastern Canada for the production of battery-grade cathode material used in the manufacturing of EVs. Their recently announced offtake deal with Panasonic Energy and Mitsui, a key supplier of batteries to Tesla, demonstrates the potential value of Canadian graphite projects in the rapidly growing North American battery supply chain. We are very excited to continue exploration on Rockstone in hopes of developing a deposit to support this critical sector”, furthered Mr. Kalyan.

Other related developments from around the markets include:

Graphite One Inc. announced its wholly owned subsidiary, Graphite One (Alaska) Inc., has entered into a Material Transfer Agreement with Pacific Northwest National Laboratory managed and operated in Richland, Washington by Battelle for the U.S. Department of Energy. Under the MTA, PNNL will test anode active and other materials to verify conformity to electric vehicle battery specifications. The first materials to be tested will be the anode active materials now being produced as samples by Sunrise New Energy Material Co. Ltd using graphite from the Company’s Graphite Creek Property in Alaska. These samples will be sent to the American electric vehicle manufacturers for evaluation as a possible source of battery materials. Graphite One and Sunrise previously announced their intention to enter into a technology licensing agreement to share expertise and technology for the design, construction, and operation of the Company’s planned advanced graphite materials manufacturing facility in Washington State

Nouveau Monde Graphite Inc., in collaboration with Mason Graphite Inc. released the results of a preliminary economic assessment, according to National Instrument 43-101 Standards of Disclosure for Mineral Projects, for a new project covering Mason Graphite’s Lac Garret graphite deposit, the Utahan mining project located in Québec, Canada. The PEA, conducted by engineering firms BBA Inc. and Gold Minds Ecoservices Inc., shows strong economics for NMG’s updated operational parameters and production volumes targeting the production of approximately 500,000 tones of graphite concentrate per annum over a 24-year life of mine. The proposed Utahan Mining Project is currently one of the largest projected natural graphite productions in the world as battery and electric vehicle manufacturers seek local alternatives for sourcing their graphite-based solutions amidst growing demand and a projected structural deficit of production as of this year as supported by Benchmark Mineral Intelligence (December 2022).

Next Source Materials Inc. announced the results of the Annual and Special Meeting of Shareholders held virtually at 10:00 AM Toronto, Ontario, Canada on December 5, 2022. The Board of Directors had fixed October 14, 2022 as the record date for the Meeting. There were 101,872,614 common shares outstanding and entitled to vote at the Meeting. A total of 50,199,686 common shares equivalent to 49.5% of the common shares entitled to vote at the Meeting were represented in person or by proxy. A total of 2,339,761 of the common shares represented by proxy were not voted.

Tesla just announced it will host Tesla's 2023 Investor Day on March 1, 2023. The event will be live streamed from our Gigafactory Texas, with the option for some of our institutional and retail investors to attend in person (details to follow). Our investors will be able to see our most advanced production line as well as discuss long term expansion plans, generation 3 platform, capital allocation and other subjects with our leadership team. For additional information, please visit https://ir.tesla.com.

Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Infinity Stone Ventures Corp. by Infinity Stone Ventures Corp. We own ZERO shares of Infinity Stone Ventures Corp. Please click here for full disclaimer.

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Ty Hoffer
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