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 http://spotlightgrowth.com/index.php/2018/06/20/novocarbon-corp-otcqb-glkif-tsxv-glk-an-energy-minerals-processing-company-positioning-for-the-electric-vehicle-boom/
SpotlightGrowth.com is a digital hub for micro-caps, small-caps, crowdfunding, cryptocurrency, and other emerging growth investors. SpotlightGrowth.com serves as our media subsidiary and provides insights on small cap companies.
Disclaimer:
Spotlight Growth is compensated, either directly or via a third party, to provide investor relations services for its clients. Spotlight Growth creates exposure for companies through a customized marketing strategy, including design of promotional material, the drafting and editing of press releases and media placement.
All information on featured companies is provided by the companies profiled, or is available from public sources. Spotlight Growth and its employees are not a Registered Investment Advisor, Broker Dealer or a member of any association for other research providers in any jurisdiction whatsoever and we are not qualified to give financial advice. The information contained herein is based on external sources that Spotlight Growth believes to be reliable, but its accuracy is not guaranteed. Spotlight Growth may create reports and content that has been compensated by a company or third-parties, or for purposes of self-marketing. Spotlight Growth was compensated one thousand five hundred dollars cash for the creation and dissemination of this content.
This material does not represent an investment solicitation. Certain statements contained herein constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, without limitation, statements with respect to the Company’s plans and objectives, projections, expectations and intentions. These forward-looking statements are based on current expectations, estimates and projections about the Company’s industry, management’s beliefs and certain assumptions made by management.
The above communication, the attachments and external Internet links provided are intended for informational purposes only and are not to be interpreted by the recipient as a solicitation to participate in securities offerings. Investments referenced may not be suitable for all investors and may not be permissible in certain jurisdictions.
Spotlight Growth and its affiliates, officers, directors, and employees may have bought or sold or may buy or sell shares in the companies discussed herein, which may be acquired prior, during or after the publication of these marketing materials. Spotlight Growth, its affiliates, officers, directors, and employees may sell the stock of said companies at any time and may profit in the event those shares rise in value. For more information on our disclosures, please visit: http://spotlightgrowth.com/index.php/disclosures/