Southcorp Capital Inc (STHC)

[Faltotyq]

Well, Ameca graphite offtake agreement is the reason SJC is planning to be ABLE to purchase SUB and make new solid state batteries.

Quote
The unique opportunity to participate in the development of a new generation of battery technology is compelling, especially when we have access to material supply. SJL plans to be in the forefront of research and commercialization of state of the art battery technologies.

https://money.tmx.com/en/quote/SJL/news/8143398536075411/Saint_Jean_Carbon_Announces_Intent_to_Purchase_All_the_Shares_of_Solid_Ultrabattery_Inc

Quote
We now have a significant offtake agreement with Ameca Ltd, which we believe will greatly impact our earnings moving forward. Several years ago, we completed a state-of-the-art pilot plant for research and development in Oakville, Ontario. We have now tested production methods to prove the efficiency of client’s processes, including Ameca Ltd, to produce not only high-grade graphite, but also spherically shaped graphite. Our pilot plant can develop these processes to make battery anodes for our customers to scale up into production. We will continue to expand the capabilities of this operation in the future.

http://saintjeancarbon.com/

My opinion
SJC developing new facilities, processes and aquisitions for the express purpose of developing graphite from their new high grade source, Ameca Sri Lanka, makes me very confident that STHC/Ameca will soon be moving forward at a very fast pace. Big money is being shown on the receiving end of the offtake agreement. The production end will have a LOT of incentive to get things moving.