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Atacama Resources International Inc. Announces Entry into the Lucrative Graphite Market
Atacama Resources International Inc. Announces Entry into the Lucrative Graphite Market.
About this update from Atacama Resources International, Inc.
[{"type":"text","content":"\n \n \n Atacama Resources International Inc. Announces Entry into the Lucrative Graphite Market\n \n \nAtacama Resources International Inc. Announces Entry into the Lucrative Graphite Market\n \n PLANTATION, FL--(Marketwired - Sep 19, 2017) -  Atacama Resources International Inc. (OTCQB: ACRL) announced today that it has acquired the mineral rights for the Mystery Graphite Property which consists of 1740 acres located about 60 miles south of Timmins, Ontario. The acquisition of the mineral rights includes receiving core samples collected from multiple diamond drill sites previously conducted on the property. Analysis of the core samples is scheduled to take place. \n Glenn Grant, CEO, reported, \"The demand for mined graphite is beginning to explode. In today's world graphite is considered a critical and strategic mineral in the ever-accelerating emerging green economy (also known as the carbon Age) that includes advances in energy storage, electric vehicles, photovoltaics and electronics from smartphones to laptops. As the green economy grows, demand for graphite will quickly outstrip supply. Just considering electric vehicles, demand in three years will require more graphite than all the world's supply today.\n \"The development of the electric vehicle market alone is driving demand for graphite, which is expected to exceed $100 Billion within the next three years. For instance, Tesla's lithium ion battery giga-factory currently being constructed in Nevada will place large demand for lithium, graphite and cobalt. Twelve other giga-factories are currently being built worldwide and all will require large amounts of graphite. The demand for lithium is well understood but what is less known is that a lithium ion battery uses much more graphite that lithium.\" \n Grant continued, \"According to our research, there are NO producing graphite mines in the USA and the only producing mine in Canada is quickly exhausting its deposit. A supply squeeze is already happening as China currently mines 75% of the world's graphite. China's transformation from a manufacturing to a technology development economy will significantly increase its own demand from its graphite producers. In fact, it is rumored that China is currently stockpiling its graphite in anticipation of a global shortage.\"\n Tesla CEO Elon Musk has reported...