Friday, September 08, 2023 12:36:24 AM
Inflation Reduction Act:
EV companies must source at least 50% of their battery components by value in the United States or allied countries beginning in 2024, a percentage that increases to 80% after 2026. By 2029, 100% of battery manufacturing must be in North America.
They ALL need Graphite, and the proprietary Graphite Air Classification process of $TORVF reduces production costs by 90%
And while China has 4% graphite in their ore, Canada has 40%.....so Graphite production will explode.
$TORVF just got a contract to process 27 Tons at $50,000/Ton = $1,350,000.
https://techcrunch.com/2023/08/16/tracking-the-ev-battery-factory-construction-boom-across-north-america/
Z
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