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Graphite Wars: The Trillion Dollar Battery Race Has A Big Problem




FN Media Group Presents Market Commentary

LONDON, Aug. 23, 2023 /PRNewswire/ — The EV industry faces a huge challenge of replacing, in record speed, internal combustion engines (ICE) that have ruled the roads for over a century—and domesticating the entire supply chain to meet the demands of an electric vehicle industry quickly closing in on a trillion-dollar market value. So far, it’s all been done backwards, which is how many revolutionary ideas unfold …   Companies mentioned in this release include:  Tesla, Inc. (NASDAQ:TSLA), QuantumScape Corporation (NYSE:QS), NIO Inc. (NYSE:NIO), EnerSys (NYSE:ENS), Teck Resources Limited (NYSE:TECK).

North America is building EV factories first, then battery gigafactories. Only after these grand plans has enough attention been given to mineral processing. And coming in last, is mining of those critical minerals necessary to make it all happen.

This is the necessary reality. Investors saw what happened to lithium mining when it attempted to surge ahead into its proper place: The market wasn’t ready for supply to catch up with future demand, but lithium miners fought on. Now, it’s graphite’s turn.

Graphite makes up 95-99% of the anode (negative electrode) material in lithium-ion batteries, making it the largest component in any EV battery. Once you get past the lithium hype, quiet graphite is the most critical element here. A ‘lithium-ion’ battery can contain 15X more graphite than lithium, and make up some 25% of a battery’s total volume, leading Tesla’s Elon Musk to state that they should, effectively, be called ‘nickel-graphite batteries’.


Now, with EV demand explosive and the industry on track to grow another 35% this year, we need experienced operators who can feed the battery gigafactories with refined graphite.

For North America, which has zero commercial production of refined graphite, that advantage goes to Graphex Group Ltd (GRFX), led by John DeMaio, who has 35 years of experience in the energy and infrastructure sectors, including as former President, CEO and Board Member of JouleSmart Solutions, general manager of Siemens Smart Infrastructure, VP of MWH Global, VP of SPG Solar and COO of Thompson Solar Technologies.

In an effort to domesticate the graphite supply chain for North America’s gigafactories, Graphex Group is building a 15,000 tons-per-annum graphite refining facility in the heart of America’s auto industry—Detroit—with construction and first production expected in late 2024, subject to typical construction schedule impacts. 

Importantly for investors and for North America’s future supply chain, Graphex Group isn’t a new player in this game. It already produces 10,000 tons-per-annum of refined graphite in Asia. Now, it’s bringing its technology and expertise home in a first for North America. 

Refining graphite is a tricky business, and there is no commercial graphite refining in North America–yet. But Graphex Group has mastered the process. While potential competitors are still in the pilot or lab stage of production, Graphex Group is already commercial and can produce to scale. It’s ready to plug and play and feed the Gigafactory demand.


And that timing is now critical, given the massive amount of battery production planned in North America. 

Supply Deals De-Risk North America’s First Domestically Refined Graphite

Outside of China, few graphite mines are producing significant quantities. Even fewer are doing any refining—the most profitable aspect of the graphite supply chain–for the EV industry. 

To bring graphite refining home to North America, it is necessary to secure enough raw material, and to avoid regulatory complications and non-compliance with the Inflation Reduction Act (IRA), that raw material should come from outside of China.  This is the greatest challenge for a North American domestic graphite supply; but Graphex Group appears to have met the challenge. 

In December, Graphex Group (GRFX),  entered into a non-binding LOI (letter of intent) with Northern Graphite Corporation (NGC) to aggregate NCG’s raw material supply capabilities with Graphex’s proven downstream processing expertise to narrow the supply-demand gap for North America. 


That agreement preceded a much bigger one in January this year that saw Graphex Group and Northern Graphite join forces on the construction of a large-scale graphite processing facility in Quebec’s Baie-Comeau region. The partners are now evaluating sites to house a facility that could produce up to 200,000 tons of graphite annually. 

Also in December, Graphex Technologies (a wholly-owned subsidiary of Graphex Group) signed an MOU with private mining outfit Reforme Group Pty Ltd to provide raw materials for Graphex’s Michigan facility. Again, in January, Graphex announced an LOI with Ontario-based Gratomic Inc for more raw supplies

But the biggest deal yet came on August 1, when Graphex Technologies signed an agreement with Syrah Resources’ Balama graphite operation in Mozambique, further diversifying the raw materials supply chain. Syrah’s Balama graphite operation is the largest in existence outside of China, with a production capacity of 350,000 metric tons per year. 

The significance of this most recent deal is that it adds the final de-risking element for Graphex Group’s raw material supply question—and without any reliance on China. 

“The agreement with Syrah could change the graphite game in North America,” DeMaio said in a statement on August 1. “Connecting Syrah’s volume without proven experience and ongoing build-out of domestic processing capacity in North America represents a giant leap forward in meeting the demand for high-quality, high-volume, US IRA-compliant graphite anode material in the EV and renewable energy industries,” he said. 


Graphite, at A Critical Moment

Graphite is a $23-billion industry and represents one of the biggest opportunities in the huge investment arena of batteries, the backbone of an everything-electric future. In less than a decade, graphite will be worth an estimated $43 billion

Despite the fact that North American battery factories represent some 1 million metric tons per year of demand for graphite anode material, there is no commercial production in North America.

Graphex Group (GRFX), is operating in the most profitable area of the graphite supply chain—refining—and its first North American plant is being built and is expected to start operations next year.

In creating a domestic supply chain for graphite in North America, Graphex is poised to take on market share because of its expertise, its ability to transfer its proven technology here for commercial production. This isn’t a pilot project. Already producing 10,000 tons per annum, Graphex is currently implementing a large-scale expansion to increase production to 20,000 tons per annum.


Because China dominates the graphite supply chain, North America is looking for a foothold that will allow it to secure its own supply. Most companies larger than Graphex by production volume are Chinese, giving Graphex a clear advantage in a space dictated both by the challenge of supply meeting demand and by geopolitics.

With a decade of graphite refining experience already behind it, and with the need for flake graphite set to reach 4.1 million tons per year by 2030, North America is looking to Graphex to replicate its full-scale commercial processes first in Michigan by next year, and then in Quebec—and beyond. 

The Battery Industry Is Booming

Few companies have heralded the electric future quite like Tesla, Inc. (NASDAQ:TSLA). Headed by the enigmatic Elon Musk, Tesla is more than just electric vehicles. It’s about reimagining transportation through innovation and unparalleled battery tech. Their Gigafactories aren’t just manufacturing units; they’re global symbols of Tesla’s ambition to lead the EV and energy storage revolution.

Tesla’s in-house battery cells, known for their range and durability, have not just powered their vehicles but have sparked a shift in automotive industry standards. From the Roadster to the Cybertruck, Tesla’s vehicles boast unmatched battery lifespans and power capabilities.


QuantumScape Corporation (NYSE:QS) is not just another name in the EV space; it’s a beacon of next-generation solid-state battery technology. Shattering the constraints of traditional lithium-ion batteries, QuantumScape is pioneering batteries that promise faster charge times and a longer lifespan.

Their solid-state design replaces liquid electrolytes, unlocking higher energy densities and bringing forth a safer and more efficient battery. It’s not about incremental changes but transformative leaps in battery innovation.

NIO Inc. (NYSE:NIO) isn’t just a car brand; it’s a symbol of Chinese prowess in the EV race. Their vehicles are sleek, smart, and, most importantly, backed by battery tech that aims to alleviate range woes and long charging downtimes.

NIO’s Battery as a Service (BaaS) is groundbreaking. Instead of buying an EV with a battery, consumers lease the battery, swapping it out when depleted. This not only reduces the EV’s cost but also ensures the vehicle is always powered by the latest battery tech.

Beyond the consumer eye, EnerSys (NYSE:ENS) powers industries with robust battery solutions. Their offerings aren’t limited to one domain; they span from telecom to aerospace, showcasing versatility. With a focus on innovation, EnerSys doesn’t just create batteries; they redefine energy storage possibilities.


Their portfolio includes lithium batteries tailored for specific industry needs, ensuring performance isn’t compromised. EnerSys’s vision isn’t just to provide energy but to ensure it’s consistent, reliable, and efficient.

Teck Resources Limited (NYSE:TECK) is one of the most diversified miners out there. Their portfolio, ranging from copper to zinc, is a testament to adaptability in an ever-evolving market.

Their significant stake in the Fort Hills oil sands project might raise eyebrows, but their sustainable initiatives, such as the ‘RACE21’ program, underscore a commitment to responsible extraction. With Teck, it’s about unearthing potential without compromising the planet.

By. Tom Kool



Neither the author nor the publisher,, was paid to publish this communication concerning Graphex Group. The owner of owns shares and/or stock options of the featured company and therefore has an incentive to see the featured company’s stock perform well. The owner of has no present intention to sell any of the issuer’s securities in the near future but does not undertake any obligation to notify the market when it decides to buy or sell shares of the issuer in the market. This share ownership should be viewed as a major conflict with our ability to be unbiased. This is why we stress that you conduct extensive due diligence as well as seek the advice of your financial advisor or a registered broker-dealer before investing in any securities.

Readers should beware that third parties, profiled companies, and/or their affiliates may liquidate shares of the profiled companies at any time, including at or near the time you receive this communication, which has the potential to hurt share prices. Frequently companies profiled in our articles experience a large increase in volume and share price during the course of investor awareness marketing, which often ends as soon as the investor awareness marketing ceases. The investor awareness marketing may be as brief as one day, after which a large decrease in volume and share price may likely occur.

This communication is not, and should not be construed to be, an offer to sell or a solicitation of an offer to buy any security. Neither this communication nor the Publisher purport to provide a complete analysis of any company or its financial position. The Publisher is not, and does not purport to be, a broker-dealer or registered investment adviser. This communication is not, and should not be construed to be, personalized investment advice directed to or appropriate for any particular investor. Any investment should be made only after consulting a professional investment advisor and only after reviewing the financial statements and other pertinent corporate information about the company. Further, readers are advised to read and carefully consider the Risk Factors identified and discussed in the advertised company’s SEC, SEDAR and/or other government filings. Investing in securities, particularly microcap securities, is speculative and carries a high degree of risk. Past performance does not guarantee future results. This communication is based on information generally available to the public and does not contain any material, non-public information. The information on which it is based is believed to be reliable. Nevertheless, the Publisher cannot guarantee the accuracy or completeness of the information.

FORWARD LOOKING STATEMENTS. This publication contains forward-looking statements, including statements regarding expected continual growth of the featured companies and/or industry. The Publisher notes that statements contained herein that look forward in time, which include everything other than historical information, involve risks and uncertainties that may affect the companies’ actual results of operations. Factors that could cause actual results to differ include, but are not limited to, changing governmental laws and policies, success of the companies graphite production operations, the continuation and success of the companies’ joint ventures; the size and growth of the market for the companies’ products and services, the companies’ ability to fund its capital requirements in the near term and long term, pricing pressures, etc. 

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DISCLAIMER: is Source of all content listed above.  FN Media Group, LLC (FNM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with or any company mentioned herein.  The commentary, views and opinions expressed in this release by are solely those of and are not shared by and do not reflect in any manner the views or opinions of FNM.  FNM is not liable for any investment decisions by its readers or subscribers.  FNM and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNM was not compensated by any public company mentioned herein to disseminate this press release.


This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.


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U.S. Phone: +1(954)345-0611


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Invitation to presentation of EQT AB’s Q1 Announcement 2024




STOCKHOLM, April 5, 2024 /PRNewswire/ — EQT AB’s Q1 Announcement 2024 will be published on Thursday 18 April 2024 at approximately 07:30 CEST. EQT will host a conference call at 08:30 CEST to present the report, followed by a Q&A session.

The presentation and a video link for the webcast will be available here from the time of the publication of the Q1 Announcement.

To participate by phone and ask questions during the Q&A, please register here in advance. Upon registration, you will receive your personal dial-in details.

The webcast can be followed live here and a recording will be available afterwards.

Information on EQT AB’s financial reporting


The EQT AB Group has a long-term business model founded on a promise to its fund investors to invest capital, drive value creation and create consistent attractive returns over a 5 to 10-year horizon. The Group’s financial model is primarily affected by the size of its fee-generating assets under management, the performance of the EQT funds and its ability to recruit and retain top talent.

The Group operates in a market driven by long-term trends and thus believes quarterly financial statements are less relevant for investors. However, in order to provide the market with relevant and suitable information about the Group’s development, EQT publishes quarterly announcements with key operating numbers that are relevant for the business performance (taking Nasdaq’s guidance note for preparing interim management statements into consideration). In addition, a half-year report and a year-end report including financial statements and further information relevant for investors is published. Finally, EQT also publishes an annual report including sustainability reporting.

Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Shareholder Relations, [email protected]

Rickard Buch, Head of Corporate Communications, +46 72 989 09 11
EQT Press Office, [email protected], +46 8 506 55 334

This information was brought to you by Cision


The following files are available for download:

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EQT AB Group


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Kia presents roadmap to lead global electrification era through EVs, HEVs and PBVs



  • Kia drives forward transformation into ‘Sustainable Mobility Solutions Provider’
  • Roadmap enables Kia to proactively respond to uncertainties in mobility industry landscape, including changes in EV market
  • Company to expand EV line-up with more models; enhance HEV line-up to manage fluctuation in EV demand
    • Goal to sell 1.6 million EVs annually in 2030, introducing 15 models
    • PBV to play a key role in Kia’s growth, targeting 250,000 PBV sales annually by 2030 with PV5 and PV7 models
  • Kia to invest KRW 38 trillion by 2028, including KRW 15 trillion for future business
  • 2024 business guidance : KRW 101 tln in revenue with KRW 12 tln in operating profit; operating profit margin of 11.9% on sales of 3.2 million units globally
  • CEO reaffirms Kia’s commitment to ESG management

SEOUL, South Korea, April 5, 2024 /PRNewswire/ — Kia Corporation (Kia) today shared an update on its future strategies and financial targets at its CEO Investor Day in Seoul, Korea.

Based on its innovative achievements in the years since the announcement of mid-to-long-term business initiatives, Kia is focusing on updating its 2030 strategy announced last year and further strengthening its business strategy in response to uncertainties across the global mobility industry landscape.

During the event, Kia updated its mid-to-long-term business strategy with a focus on electrification, and its PBV business. Kia reiterated its 2030 annual sales target of 4.3 million units, including 1.6 million units of electric vehicles (EVs). The 2030 4.3 million annual sales target is 34.4 percent higher than the brand’s 2024 annual goal of 3.2 million units.

The company also plans to become a leading EV brand by selling a higher percentage of electrified models among its total sales, including hybrid electric vehicles (HEV), plug-in hybrid (PHEV), and battery EVs, projecting electrified model sales of 2.48 million units annually or 58 percent of Kia’s total sales in 2030.

“Following our successful brand relaunch in 2021, Kia is enhancing its global business strategy to further the establishment of an innovative EV line-up and accelerate the company’s transition to a sustainable mobility solutions provider,” said Ho Sung Song, President and CEO of Kia. “By responding effectively to changes in the mobility market and efficiently implementing mid-to-long-term strategies, Kia is strengthening its brand commitment to the wellbeing of customers, communities, the global society, and the environment.”


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BioVaxys Technology Corp. Provides Bi-Weekly MCTO Status Update




VANCOUVER, BC, April 4, 2024 /PRNewswire/ — BioVaxys Technology Corp. (CSE: BIOV) (FRA: 5LB) (OTCQB: BVAXF) (the “Company“) is providing this bi-weekly update on the status of the management cease trade order granted on February 29, 2024 (the “MCTO“), by its principal regulator, the Ontario Securities Commission (the “OSC“), under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203“), following the Company’s announcement on February 21, 2024 (the “Default Announcement“), that it was unable to file its audited annual financial statements for the year ended October 31, 2023, its management’s discussion and analysis of financial statements for the year ended October 31, 2023, its annual information form for the year ended October 31, 2023, and related filings (collectively, the “Required Annual Filings“). Under National Instrument 51-102, the Required Annual Filings were required to be made no later than February 28, 2024.

As a result of the delay in filing the Required Annual Filings, the Company was unable to file its interim financial statements for the three months ended January 31, 2024, its management’s discussion and analysis of financial statements for the three months ended January 31, 2024, and related filings (collectively, the “Required Interim Filings“). Under National Instrument 51-102, the Required Interim Filings were required to be made no later than April 1, 2024.

The Company anticipates filing the Required Annual Filings by April 30, 2024. The auditor of the Company requires additional time to complete its audit of the Company, including the Company’s recent acquisition of all intellectual property, immunotherapeutics platform technologies, and clinical stage assets of the former IMV Inc. that closed on February 16, 2024. In addition, the Company anticipates filing the Required Interim Filings immediately after the filing of the Required Annual Filings.

Except as herein disclosed, there are no material changes to the information contained in the Default Announcement. In addition, (i) the Company is satisfying and confirms that it intends to continue to satisfy the provisions of the alternative information guidelines under NP 12-203 and issue bi-weekly default status reports for so long as the delay in filing the Required Annual Filings and/or Required Interim Filings is continuing, each of which will be issued in the form of a press release; (ii) the Company does not have any information at this time regarding any anticipated specified default subsequent to the default in filing the Required Annual Filings and Required Interim Filings; (iii) the Company is not subject to any insolvency proceedings; and (iv) there is no material information concerning the affairs of the Company that has not been generally disclosed.

About BioVaxys Technology Corp.


BioVaxys Technology Corp. (, a biopharmaceuticals company registered in British Columbia, Canada, is a clinical-stage biopharmaceutical company dedicated to improving patient lives with novel immunotherapies based on the DPX™ immune-educating technology platform and it’s HapTenix© ‘neoantigen’ tumor cell construct platform, for treating cancers, infectious disease, antigen desensitization, and other immunological fields. The Company’s clinical stage pipeline includes maveropepimut-S which is in Phase II clinical development for advanced Relapsed-Refractory Diffuse Large B Cell Lymphoma (DLBCL) and platinum resistant ovarian cancer, and BVX-0918, a personalized immunotherapeutic vaccine using it proprietary HapTenix© ‘neoantigen’ tumor cell construct platform which is soon to enter Phase I in Spain for treating refractive late-stage ovarian cancer. The Company is also capitalizing on its tumor immunology know-how and creation of a unique library of T-lymphocytes & other datasets post-vaccination with its personalized immunotherapeutic vaccines to utilize predictive algorithms and other technologies to identify new targetable tumor antigens. BioVaxys common shares are listed on the CSE under the stock symbol “BIOV” and trade on the Frankfurt Bourse (FRA: 5LB) and in the US (OTCQB: BVAXF). For more information, visit and connect with us on X and LinkedIn.


Signed “James Passin
James Passin, Chief Executive Officer
Phone: +1 646 452 7054

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