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