Priscila Barrera reports that demand for lithium-ion batteries continues to rise, and the need for graphite is increasing in tandem. Graphite is a key component of these batteries, and many market watchers conclude that companies that are mining and exploring for it may be poised to do well in the coming years.
With that in mind, it is worth being aware of which graphite companies are out there and what they are currently doing. To help investors with that task, Barrera has put together a two-part list of graphite companies trading on the TSX and the TSXV. Below in Part I she profiles graphite companies that are listed on those exchanges and that had a market capitalization of more than $15 million as of February 10, 2017.
Part II discusses graphite companies with market capitalization of less than $15 million as of that date.
Alabama Graphite
Market cap: $24.57 million
Alabama Graphite is a flake graphite exploration and development company, as well as an aspiring battery materials production and technology company. It is focused on its flagship Coosa graphite project, which it says is the most advanced flake graphite project in the contiguous U.S. It is also moving forward at its Bama mine project. Both projects are located in Alabama.
Canada Carbon
Market cap: $25.85 million
Canada Carbon is a graphite-focused exploration company with three strategic properties in Quebec. The company is currently focused on its Miller project, which holds a rare form of hydrothermal lump-vein graphite.
At the end of 2016, Canada Carbon released an updated resource estimate for Miller. The updated resource estimate includes an indicated resource of 2.65 million tonnes with an average grade of 0.8% graphite, and an inferred resource of 7.56 million tonnes with an average grade of 0.77% graphite, within the boundaries of an optimized open-pit mine model.
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