Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here!
(Wallace Refiners) – Mason Graphite (TSX.V: LLG; OTCQX: MGPHF) announced Monday that the cycling tests, carried out on its full prototype pouch cell batteries, are conclusive, having crossed the objective of 1,000 charge & discharge cycles while maintaining a capacity retention of 80.6%.
The company said that this performance unequivocally ranks the Lac Guéret graphite among one of the best performing Li-ion anode materials presently available commercially in all applications, including electric vehicles.
According to the statement, this value-added transformation process was developed in collaboration with the National Research Council of Canada and Corem, a research and innovation center in Quebec City.
The process was designed based on a thorough benchmarking study completed from the onset of this battery material program, ensuring that the resulting product would meet the general requirements and specifications of battery manufacturers.
Mason added that this achievement enhances the company’s ability to execute on the commercialization of the Lac Gueret graphite as a key component in the rapidly expanding battery market.
The company said it has expanded its workforce in order to expedite the commercialization activities, which are expected to progress rapidly in the months ahead.
Mason Graphite is a Canadian corporation dedicated to the production and transformation of natural graphite. Its strategy includes the development of value-added products, notably for green technologies like transport electrification. The company also owns 100% of the rights to the Lac Guéret graphite deposit, one of the richest in the world.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Wallace Precious Metals The author has made every effort to ensure accuracy of information provided; however, neither Wallace Precious Metals nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Wallace Precious Metals and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.