World News: 12:30 GMT Friday 10th August 2018. [Spotlight Growth via Globe Newswire via SPi World News]
Sacramento, CA, Aug. 10, 2018 (GLOBE NEWSWIRE) -- Spotlight Growth has published new content on Great Lakes Graphite, Inc. (OTCQB: GLKIF) (TSXV: GLK). The company is currently in the process of changing its name to NovoCarbon Corp., pending shareholder vote. NovoCarbon Corp. operates as a clean technology minerals processing company.
The report provides an overview of NovoCarbon Corp., its operations, recent updates, and an overview of the Trump Administration’s efforts to secure reliable supplies of minerals and commodities that are deemed critical for the U.S. economy or national security.
On December 20, 2017, President Donald Trump signed called “A Federal Strategy to Ensure Secure and Reliable Supplies of Critical Minerals.”
In the executive order’s report, the White House described that the “United States is heavily reliant on imports of certain mineral commodities that are vital to the Nation’s security and economic prosperity. This dependency of the United States on foreign sources creates a strategic vulnerability for both its economy and military to adverse foreign government action, natural disaster, and other events that can disrupt the supply of these key minerals.”
The president’s executive order effectively called upon the Secretary of the Interior and the Secretary of Defense to draft a list of minerals and commodities that are deemed critical to the U.S. economy or national security interests. Furthermore, the executive order calls for increasing activity across all levels of the critical mineral supply chain, as well as streamlining leases and permitting process.
On May 18, 2018, the U.S. Department of the Interior published its of critical minerals for 2018. The list contains thirty-five different minerals and commodities. Among the list of critical minerals was graphite. Graphite is a critical mineral used in batteries, coatings, brakes, paints, powdered metal compounds, and more.
According to , the global graphite market is estimated to be worth $29.05 USD by 2022, which represents a compound annual growth rate (CAGR) of 5.2% between 2017 and 2022.
Furthermore, estimates the global lithium-ion battery market to grow at a CAGR of 15.50% between 2017 and 2025.
NovoCarbon Corp (“doing business as” name for Great Lakes Graphite, Inc.) is a Canadian clean company, which supplies customers with proprietary, high-quality, and value-added carbon products. The company has effectively been selling high-purity micronized synthetic graphite products since 2016. Recently, NovoCarbon Corp. added a high- purity micronized natural graphite flake product to its lineup.
The company recently announced that it is actively pursuing graphite-related business opportunities with the (DOD). On July 23, 2018, NovoCarbon Corp. announced that it has submitted the initial required materials and white paper brief detailing of the proposed “initial steps to enhance the resiliency of the supply chain for highly processed graphite required for the manufacture of batteries and energy storage systems.”
Prior to submitting the application, NovoCarbon Corp. CEO Paul Gorman visited Washington D.C. earlier this year to attend high-level meeting with officials from the U.S. Department of Defense and Energy. Management feels the meetings were very productive and gave them a clearer picture on what specifics the U.S. government is looking for in a supplier.
“While there is certainly no guarantee of success, we are confident in our prospects and are highly encouraged by the preliminary feedback we have received in meetings with personnel at the Department of Defense. Meanwhile, we have become aware of additional opportunities that are available through the DOD and are preparing to pursue them. We are being supported by the team at J. A. Green & Company, whose assistance has been invaluable,” details CEO Paul Gorman.
For more information on NovoCarbon Corp., please visit and
Spotlight Growth is compensated, either directly or via a third party, to provide investor relations services for its clients. Spotlight Growth creates exposure for companies through a customized marketing strategy, including design of promotional material, the drafting and editing of press releases and media placement.
All information on featured companies is provided by the companies profiled, or is available from public sources. Spotlight Growth and its employees are not a Registered Investment Advisor, Broker Dealer or a member of any association for other research providers in any jurisdiction whatsoever and we are not qualified to give financial advice. The information contained herein is based on external sources that Spotlight Growth believes to be reliable, but its accuracy is not guaranteed. Spotlight Growth may create reports and content that has been compensated by a company or third-parties, or for purposes of self-marketing. Spotlight Growth was compensated one thousand five hundred dollars cash for the creation and dissemination of this content.
This material does not represent an investment solicitation. Certain statements contained herein constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, without limitation, statements with respect to the Company’s plans and objectives, projections, expectations and intentions. These forward-looking statements are based on current expectations, estimates and projections about the Company’s industry, management’s beliefs and certain assumptions made by management.
The above communication, the attachments and external Internet links provided are intended for informational purposes only and are not to be interpreted by the recipient as a solicitation to participate in securities offerings. Investments referenced may not be suitable for all investors and may not be permissible in certain jurisdictions.
Spotlight Growth and its affiliates, officers, directors, and employees may have bought or sold or may buy or sell shares in the companies discussed herein, which may be acquired prior, during or after the publication of these marketing materials. Spotlight Growth, its affiliates, officers, directors, and employees may sell the stock of said companies at any time and may profit in the event those shares rise in value. For more information on our disclosures, please visit:
Globe Newswire: 12:30 GMT Friday 10th August 2018
SPi News is published by Sector Publishing Intelligence Ltd.
© Sector Publishing Intelligence Ltd 2018. [Admin Only]
Sector Publishing Intelligence Ltd.
Agriculture House, Acland Road, DORCHESTER, Dorset DT1 1EF United Kingdom
Registered in England and Wales number 0751938.