• Critical elements including graphite have become not only a necessity for economic prosperity but a national security concern for U.S. policymakers
• Graphite is key for the energy transition because of its role in the lithium-ion battery production for EVs, but the U.S. currently has no graphite production capacity
• Reflex Advanced Materials aims to build domestic production and purification of graphite seeking to sell this critical element at a very high price in a very purified form

Critical minerals, such as cobalt, lithium, and nickel, have become more than fundamental building blocks for clean energy technologies and electric vehicle (“EV”) batteries; they have emerged as the linchpin of national security. Domestic battery manufacturing has run into a problem: some raw materials are only found abroad since many of the minerals essential to EV batteries are primarily mined and processed in China or by businesses influenced by China. In a bid to grapple with the U.S. vulnerabilities due to over-reliance on foreign sources, the Biden Administration introduced measures to strengthen domestic critical and rare minerals supply chains, with more than $100 billion invested so far in EV-related manufacturing (https://ibn.fm/OqYoY). Companies like Reflex Advanced Materials (CSE: RFLX) (OTCQB: RFLXF) (FSE: HF2) offer to revive the domestic critical mineral supply chain in a bid to help the nation’s transition to a clean energy future.

A recent White House report revealed the alarming U.S. vulnerabilities stemming from concentrated supply chains of these essential resources. The 2022 U.S. Geological Survey shows that the U.S. relies entirely on imports for twelve critical minerals and more than fifty percent import-dependent on thirty-one additional minerals. China reigns as the largest source of imports for twenty-six of the fifty minerals classified as critical by the U.S. government (https://ibn.fm/i5svH).

Graphite is one such essential resource. As the largest component of the lithium-ion battery, it is essential to energy transition since EV batteries’ anodes are entirely made of this critical mineral. As one of the forms in which carbon is found in nature, it is abundant in the Earth’s crust and, as such, doesn’t appear to be critical. The problem that makes this mineral critical is that the graphite that goes into EV batteries must be processed – and most of these processing facilities are located abroad, mainly in China. For every 10 million EVs manufactured, between 500,000 and one million tons of graphite are needed – an amount that dwarfs the current total global production of graphite of one million tons. Scaling up production is difficult, as is the effort to replace graphite (https://ibn.fm/XUh42).

As a strategic minerals company committed to locating and developing strategic metals and advanced materials projects, Reflex Advanced Materials aims to improve domestic specialty mineral infrastructure efficiencies to meet the soaring demand from North American manufacturers. This British Columbia-based critical minerals producer seeks to position itself as one of the only North American suppliers of high-purity natural graphite for hi-tech applications after the 60-year-long break in the U.S. domestic graphite production. What Reflex believes that separates the company from its competitors, is that it does not target the graphite mass market but is seeking to sell graphite at a very high price in a very purified form. By partnering with the best-in-class companies, Reflex intends to source world-class battery-grade material from the Ruby Deposit in Montana.

A highly dynamic graphite market is expected in 2023, with forecasts indicating an upward price trajectory as the pace for greener energy sources accelerates and the EV revolution gains momentum (https://ibn.fm/hcPxO). Reflex anticipates to gain a robust competitive advantage as U.S. manufacturers continue to demand American supply in the face of heightened geopolitical tensions and legislative support that aims to incentivize domestic supply chains.

For more information, visit the company’s website at www.ReflexMaterials.com.

NOTE TO INVESTORS: The latest news and updates relating to RFLXF are available in the company’s newsroom at https://ibn.fm/RFLXF

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.

As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.

For more information, please visit https://www.investorwire.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer

InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.investorwire.com
[email protected]