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US President
A step
“China’s forced technology transfers and intellectual property theft have contributed to its control of 70, 80, and even 90% of global production for the critical inputs necessary for our technologies, infrastructure, energy, and healthcare—creating unacceptable risks to America’s supply chains and economic security.”
The tariff rate on lithium-ion EV batteries will increase from 7.5% to 25% in 2024, while the tariff rate on lithium-ion non-EV batteries will increase from 7.5% to 25% in 2026. The tariff rate on battery parts will increase from 7.5% to 25% in 2024.
The tariff rate on natural graphite and permanent magnets will increase from zero to 25% in 2026. The tariff rate for certain other critical minerals will increase from zero to 25% in 2024.
The western world relies on China’s graphite as they control most of the world’s graphite production. Electric vehicle and battery manufactures are making considerable investments to replace the existing supply chains of graphite. We have started to see auto-manufacturers and battery manufactures invest in Canadian mining projects to secure North American based ESG friendly sources of EV battery minerals. Battery makers are expected to continue to invest in exploration and or near producing mining Companies to secure competitive and environmentally responsible battery minerals.
Benchmark Mineral Intelligencestates that on aggregate 97 more natural graphite mines will be needed by the year 2035 in order to meet demand for the EV market. Benchmark Mineral alsopredicts that the natural Graphite market is set to enter a deficit in 2025, for the first time since 2017, as supply fails to keep pace with rising demand for electric vehicles.
2023 Jupiter Lithium Geochemical Results.
The inaugural exploration program located multiple previously undocumented pegmatite bodies on the Jupiter property and re-visited approximately half the historically observed pegmatites. These coarse-grained pegmatites were found to be up to 30 m wide and many extended along strike for 100’s of meters.
A total of 51 samples were collected from pegmatitic outcrops across the property, including samples from at least 10 discrete mappable pegmatite dyke-like structures to the north of the property. Field observation indicates multiple distinct generations of pegmatite are present, though as yet no definitive LCT (lithium, cesium and tantalum) type Pegmatites were observed during the rock chip sampling program. However, several favorable indicators motivate for continued exploration.
The 51 samples collected were submitted to
Click Image To View Full Size
Figure 1: 2023 Rock sample Locations, Jupiter Property Claims Disposition and Pegmatite Description across the local district.
About the Jupiter Property
The Jupiter Property was optioned to explore for Lithium bearing Lithium-Cesium-Tantalum (“LCT”) Pegmatites and for potential Rare Earth Elements (“REE”) deposits. The property is an early-stage exploration opportunity which comprises a total of 122 Quebec mineral exploration claims which amount to a total of 6,406 hectares. Up to 33 pegmatite occurrences were identified by historical government mapping. These claims are strategically located within the
Property Highlights
The Jupiter property is located within the La Grande geological sub-province in an area known to comprise porphyritic and magnetic tonalites characterised by later injections of pink pegmatite.
Up to 33 pegmatite occurrences have been identified by government mapping completed over the property.
The Jupiter claims are located over regionally elevated lake bottom sediment geochemical anomalism for Lithium, with values up to 100ppm along the down ice trend of the property.
Float Plane and Helicopter accessible, approximately 175 km south of
Radisson , and 25 km southwest of theEleonore Mine and Airstrip. The northern infrastructure corridor comprising ‘Rte de la Baie-James’ provincial highway and three Power transmission lines are located approximately 35 – 50km east of the property.
Green Battery Metal Critical Minerals Property Portfolio:
Berkwood Graphite Project –Quebec . Graphite ProjectJupiter –
Quebec . Lithium Pegmatite (LCT) prospectStallion –
British Columbia . Copper Porphyry, Epithermal Au+Ag prospectBoudrias –
Quebec .Nickel Copper (PGE) prospect
About the
The
TheZone 1 resource lies 8 km southwest of Nouveau Monde’s deposit which has a
The current mineral resource at the
Table 2: In-pit Resource at
Current Resources (as of
Minerals Resources Category | Tonnage (Mt) | Grade (% Cgr) | Cgr (t) | Cut off |
Indicated | 1.76 | 17.0 | 299,200 | 6.81% |
Inferred | 1.53 | 16.4 | 250,200 | 6.81% |
The mineral resource estimates above are described in the technical report entitled,NI 43-101 Technical Report Mineral Resource Estimateon the Lac Gueret South Graphite Property,
Link to Report:
https://greenbatteryminerals.com/wp-content/uploads/ReportFINAL_compressed.pdf
QAQC Comments:All samples were collected by typical field methods according to CIM best practices, selected samples were collected by representative rock chips into numbered samples bags, a CRM sample was inserted at a ratio of 1 sample in 20 to the sample batch, field duplicates were additionally collected to confirm the outcrop geochemistry. All samples were submitted to SGS laboratories, results are currently pending.
Qualified Person: Troy Marfeet.,
About the Company:
On Behalf of the Board of Directors
‘Thomas Yingling’
President, CEO & Director
2200 –
Phone: (438) 469-0705
#1100 - 1111 Melville Street,
Phone: (604) 343-7740
FOR MORE INFORMATION, PLEASE CONTACT:
Investor Relations:info@greenbatteryminerals.com or 1-604-343-7740
Website: www.greenbatteryminerals.com
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
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