- The U.S. is under mandates to slash emissions and reduce dependence on Chinese graphite production for EVs, earmarking billions of dollars to develop domestic infrastructure
- About 70 graphite mines are in production worldwide today, none in the U.S., with estimates for nearly 100 more mines to come online just to meet graphite demand for battery anodes
- Reflex Advanced Materials is advancing the 2,000-acre Ruby Graphite Project in Montana with plans to commission it as a high purity graphite mine in the U.S.
President Joe Biden wants his legacy to fall on his efforts to reverse our effects on climate change through renewable energies and electrification. If the nation is to meet its stated goals of 50-52 percent reduction in U.S. greenhouse gas pollution from 2005 levels in 2030 and becoming a net zero emissions economy by 2050, some things are going to have to undergo radical change. High on this priority list must be building holistic infrastructure for domestic electrification manufacturing, particularly as it relates to critical materials like graphite for which the U.S. is 100 percent dependent upon imports.
For this to happen, the North American mining landscape is going to be reshaped, where companies like Reflex Advanced Materials (CSE: RFLX) (OTCQB: RFLXF) can emerge to help meet a massive…
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