Sacramento, CA., July 11, 2018 (GLOBE NEWSWIRE) — Spotlight Growth has published new content on Great Lakes Graphite, Inc., doing business as NovoCarbon Corporation (OTCQB: GLKIF) (TSXV: GLK). NovoCarbon Corp. operates as a clean technology minerals processing company.
The report provides an overview of NovoCarbon Corp., its operations, financials, industry analysis, overview of electric vehicle outlook and more.
Global Electric Vehicle Market Forecast To Reach US$356.50 Billion By 2023: Market Research Future
Electric vehicles (EV) are increasingly becoming a common sight on global roads, as consumers continue to warm up to the new technology. While there are many global automotive manufacturers that are beginning to ramp up development and production of electric vehicles, Tesla, Inc. is largely seen as one of the current industry leaders.
Unlike their gas-powered counterparts, the power of EVs is almost all derived from sophisticated energy storage technologies, or batteries. EV batteries are comprised of highly-valuable energy metals, such as: lithium, graphite, nickel, cobalt, and more. In fact, in a Tesla Model S alone, there is 54 kg of graphite in the battery anode. In other words, EVs require a lot of high-quality and processed energy metals in order to perform.
According to Market Research Future, the global electric vehicle market is estimated to grow from US$106.5 billion in 2016 to US$356.50 billion by 2020. This represents a compound annual growth rate (CAGR) of 18.96%.
As the high-growth electric vehicle market continues to mature, the demand for quality energy metals will only soar. As noted above, these advanced batteries contain a lot of energy metals. This means that miners, processors, and distributors of these highly-important commodities will continue to be in high demand, as the electric vehicle revolution continues to heat up.
NovoCarbon Corp: Recent Business Focus Shift Provides Greater Ability to Capture Market Share In EV Boom
NovoCarbon Corp. is a Canadian clean energy minerals processing company, which supplies customers with proprietary, high-quality, and value-added carbon products. The company recently announced earlier this year plans to shift its business focus to capture potentially capture a larger share of the electric vehicle boom.
Currently, there is no major graphite production located in North America, as we import most of our supply from China. Unfortunately, the Chinese and Asia-sourced materials have been found to be inconsistent quality and delivery scheduling. This provides a major opportunity for NovoCarbon.
Over the past four years NovoCarbon Corp. has assembled a graphite supply chain to provide customers with absolute assurance of timeliness and product quality. The supply chain begins in mining-friendly jurisdictions like Brazil where multiple sources have the capacity of over 120,000 tons annually. Sources contracted in Madagascar, Guinea, West Africa, Canada and Australia beginning in 2019 and beyond create an additional 50,000 annual tonnes of supply.
This allows NovoCarbon to greatly control the quality, consistency, purity, particle sizing, and more.
The company has a lot of exciting developments underway, particularly the planned Massachusetts-based battery materials lab. The battery materials lab is being developed alongside joint partner, Chasm Advanced Materials.
“It is anticipated that burgeoning growth in battery and energy storage application will drive significant demand for the materials analysis, consulting, and product development services that will be provided through the Lab.”
As of June 2018, NovoCarbon Corp. has a market cap of around $5.30 million. Furthermore, the company maintains a share structure consisting of 132.66 million shares outstanding and a float of 106.88 million shares.
** Note: The current legal name of the corporation is Great Lakes Graphite Inc., which is doing business as NovoCarbon Corporation until final approval by the shareholders and the TSX Venture Exchange.
For more information on NovoCarbon Corp., please visit http://novocarbon.com and https://spotlightgrowth.com//2018/06/20/novocarbon-corp-otcqb-glkif-tsxv-glk-an-energy-minerals-processing-company-positioning-for-the-electric-vehicle-boom/
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