JINDALEE RESOURCES LIMITED (ASX: JRL) (Jindalee, the Company) is an Australian exploration company with Tier 1 lithium deposits in its portfolio in the United States. The Company’s core goals are to discover world-class mineral deposits and generate shareholder wealth. The United States is one of the largest marketplaces for lithium demand, and Jindalee is a leading company committed to help meet future demand. The Company is focussing efforts into developing its McDermitt lithium deposit. Jindalee Resources was listed on the Australian Securities Exchange (ASX) on 11th July 2002 and raised AUD 2.70 million. Now, it is a pure-play United States lithium company. Jindalee’s Projects: In June 2018, the Company acquired McDermitt and Clayton North, two lithium sediment projects in the United States. Both projects are 100% owned by HiTech Minerals Inc., a wholly owned, US-based subsidiary of Jindalee. Several factors attracted the Company’s interest in these projects including: Potenti...
Prices at the fuel pumps started to spike in recent weeks is driving consumer interest in electric cars. In the case of petrol, the price has climbed a phenomenal 50 per cent in the past 14 months. Demand for electric vehicles is ramping up across the world amid expectations petrol prices will reach record levels in the future months and coming years.
The volume of enquiries for both new and used EVs has reached record levels. Commentators have said that some good could come of that pain, including greater energy independence and a faster path to net zero emissions.
In other Lithium-ion battery news, Elon Musk has recently opened Tesla’s Berlin Gigafactory. Elon Musk presented the keys to the first Model Y electric cars off the production line, and declared that scale was the key to complete the switch from a fossil fuel economy to a sustainable energy future. “Every vehicle that we make is another step in the direction of a sustainable energy future,” Musk said at the opening.
The Gigafactory opening was attended by German chancellor Olaf Scholz, who said it was a crucial day for the transition to electric mobility in Germany, where 14 per cent of new car sales are already electric. The Giga factory is situated in the state of Brandenburg, Germany.
A company that is in a prime position to benefit from this latest oil price movements and increased European EV market, is an Australian company that is in the process of establishing a 10,000 tpa battery materials plant in the nearby state of Saxony, Germany.
This Company recently announced its game changing break through technology of incorporating high capacity silicon in lithium-ion batteries. The Company announced in late 2021 that it had achieved a 30% higher energy battery with improved cyclability or battery life. Higher density batteries result in smaller and lighter batteries and substantially less greenhouse gases. The Company is in the race to get their patented technology to market with recent land purchases, commencement of a pilot plant and progress on a pre-feasibility study for a 10,000 tpa plant in Saxony, Germany.
The lithium-ion battery industry has recognised that the required step change to increase lithium-ion battery energy density and reduced costs is to introduce silicon in battery anodes, as silicon has ~ ten times the energy retention capacity compared to graphite. Silicon metal has been identified as the most promising anode material for the next generation of lithium-ion batteries. However, until now silicon was unable to be used in commercial lithium-ion batteries due to two critical drawbacks. Firstly, silicon particles expand by up to 300% in volume during battery charge, causing particle swelling, fracturing and ultimately battery failure. The second challenge is that silicon deactivates a high percentage of the lithium ions in a battery. Lithium ions are rendered in-active by the silicon, immediately reducing battery performance and life. The industry has been in a race to crack the silicon barrier.
To achieve its breakthrough, Altech successfully combined silicon particles that had been treated with its innovative proprietary technology, with regular battery grade graphite to produce a lithium-ion battery electrode containing a composite graphite / silicon anode. When energised, these materials held 30% more capacity compared to a conventional graphite only anode material.
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