- Global governments pushing for the electrification of homes, businesses, and transportation networks
- Graphite conducts electricity efficiently, used in battery electrodes, motors, generators, and as lubricant in the manufacture of switches and circuit breakers
- RFLXF owns the option to acquire 100% interest in the Ruby Graphite project in Montana, USA
- RFLXF’s project portfolio includes the ZigZag Lithium Property in Ontario and the Ruby Graphite Project in Montana
- Drilling for the Ruby Graphite Project expected to commence Summer 2023
In late 2022, the White House unveiled its New Innovation Agenda with plans to electrify homes, businesses, and transportation networks (https://ibn.fm/iJlBy). The EU has similar plans with its Electricity Financing Initiative (https://ibn.fm/flC0p), along with India (https://ibn.fm/vpkCL), and Latin America and the Caribbean (https://ibn.fm/odXOR).
Critical to the transition is graphite — an important material that conducts electricity efficiently, making it an optimal choice for numerous electrical engineering applications. Reflex Advanced Materials (CSE: RFLX) (OTCQB: RFLXF), a strategic minerals company, focuses on locating and developing economic properties in the advanced materials and strategic metals space, and intends to position itself as North America’s premier graphite supplier to the technology industry.
Graphite is an essential material used in battery electrodes for lithium-ion batteries in electric vehicles and portable electronic devices. Graphite is also used to produce electrical contacts and brushes for motors and generators, in addition to its use as a lubricant in switch and circuit breaker manufacturing.
Demand for graphite is projected to grow from $14.83 billion in 2021 to $25.70 billion in 2028 at a CAGR of 8.2% during the forecast period (https://ibn.fm/Lb2SV). RFLXF aims to meet that demand by sourcing and developing properties for its project portfolio, which currently includes the Ruby Graphite Deposit in Montana and the ZigZag Lithium Property in Ontario.
The ZigZag Lithium Property comprises eight mining claims spanning roughly 2,710 hectares in Ontario’s Thunder Bay Mining Division. The Ruby Graphite Deposit is a low-cost, rapid re-entry opportunity in mining-friendly southwest Montana. Reflex holds mining rights for 755 hectares with 96 federal lode mining claims at the Ruby project, and recent samples assay at 95.8% to 98.4% total carbon. In addition to the Ruby property in Montana, Reflex recently reported their partnership with American Energy Technologies Co. (“AETC”) to develop metallurgical test work with the goal of creating a technical support data package for Reflex’s target customer base, U.S. Federal agencies and qualification programs with hi-tech customers in the battery and battery storage business (https://ibn.fm/PXcT1).
RFLXF announced the submission of its permit application for the Ruby project in March 2023 with plans to start drilling in the summer of 2023. The company aims to drill 3,500 meters at an average core depth of 130 meters with targets identified using historical data from original mining operations and the 43-101 technical report dated January 31, 2023.
The push for electrification by global agencies and governments has the potential to completely redefine the business and residential landscape. As a result, the demand for highly-conductive materials like graphite is projected to increase — and Reflex aims to fortify its position to meet that demand.
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
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