Coretec Group Inc (CRTG)

[iamthe walrus]

I have myself wondering if the Corporate development taking place has to do with financing agreements like took place with Solid Power in their work with Ford and BMW ..Coretec had less than a million in cash but now with excellent battery data coming out that should lead to investments into the company . It may be to early for that as they haven't sent the material to Ford just yet but if the Data Ford is seeing is what they want to see some companies might get ahead of their competitors and do a longer ranch partnership with financing involved . All speculation on my part. When Amprius had great battery data come out they did a almost billion dollar deal / merger with Kensington Capital I believe. Amprius has a silicon anode as well but I think Coetecs will be better I dont see Amprius as competition but an ally in the materials space . It will take more than one company to supply the market with silicon anodes ....

https://media.ford.com/content/fordmedia/fna/us/en/news/2021/05/03/ford-boosts-investment-in-solid-power.html

From the article ..."Initially investing in Solid Power in 2019, Ford is making an additional equity investment to help accelerate further development of solid-state vehicle battery technology, contributing to a $130 million Series B investment round in which the BMW Group becomes an equal equity owner with Ford."