For almost a century, Madagascar has been exporting flake graphite to the world but in limited quantities. Graphite in Madagascar is renowned for its quality and flake size. Plant commissioning will be followed by a ramp up period of up to three months prior to achieving commercial production.
Electrical interconnections between plant modules are in progress, which will be followed by commissioning and the start of mining activities. Phase 1 of the Molo Graphite Mine is designed to process 240,000 tonnes per annum (tpa) of ore resulting in a name plate production capacity of 17,000 tpa of flake graphite. The company completed the construction of the Molo Graphite Mine processing plant indicating the final stages of development of Phase 1 and are fast approaching first production. The Molo Graphite Project is a fully permitted and funded project that ranks as one of the largest and highest quality flake graphite deposits globally, and is the only project with SuperFlake® graphite. is a battery materials development company based in Toronto, Canada that is entering production with its 100 percent-owned Molo Graphite Project in southern Madagascar in 2022. As the electric vehicle market continues to grow, investing in the companies that produce these valuable battery materials and have first-mover advantage can provide significant value-creation and exposure to this expanding market. By volume, graphite is the largest raw material in a lithium-ion battery. Electric vehicle batteries contain between 60 to 90 kilograms of graphite per battery. This dramatic spike in demand is due to graphite’s critical role as the anode material in lithium-ion batteries. Production is scheduled in Q4 2022.Īccording to UK’s Roskill Research, battery demand for raw material graphite is expected to grow by approximately 23 per year-over-year for the next decade. Vision Blue Resources Ltd, a newly created battery commodity/resource-focused investment company founded by Sir Mick Davis (former CEO of Xstrata Plc), made a significant strategic investment in NextSource Materials to fully fund the construction of its Molo graphite mine in Madagascar. Credit Suisse and Stifel are the joint bookrunners on the deal.NextSource Materials: Construction of Molo Graphite Mine processing plant completed Approaching the first production
The company filed confidentially on October 1, 2020. Silver Spike Acquisition II was founded in 2020 and plans to list on the Nasdaq under the symbol SPKBU. Management's previous SPAC, Silver Spike Acquisition (SSPK +136% from $10 offer price), went public in August 2019 and has a pending merger agreement with cannabis tech platform WM Holding. The company plans to target the cannabis industry, as well as related industries such as consumer packaged goods, health & wellness, technology, pharmaceuticals, manufacturing, distribution, logistics, and brand management. The company is led by CEO and Chairman Scott Gordon, the founder and CEO of Silver Spike Capital and the co-founder and Chairman of Egg Rock Holdings, and President and Director William Healy, the former President of Pantera Capital Management. At the proposed deal size, Silver Spike Acquisition II would command a market value of $313 million. Each unit consists of one share of common stock and one-fourth of a warrant, exercisable at $11.50.
The New York, NY-based company plans to raise $250 million by offering 25 million units at $10. Silver Spike Acquisition II, the second blank check company formed by Silver Spike Capital targeting the cannabis industry, filed on Friday with the SEC to raise up to $250 million in an initial public offering.
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