Ruby Graphite Deposit, Montana - Reflex Advanced Materials

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Ruby Graphite Deposit, Montana

Located in southwest Montana
Previously discovered flake and vein graphite resource
The only combined U.S. Graphite Flake & Vein Graphite Source
Produced from 1902 to 1948, then mostly forgotten
Recent Samples Assay at 95.8% to 98.4% total Carbon
Friendly mining jurisdiction

View Ruby Graphite NI 43-101 Report

RUBY GRAPHite PROJECT

Graphite first discovered in 1887
Graphite mined in 1901-1919
Mine revamped before WWII in Early 1940s and subsequently:
• Added mill with flotation circuit
• Processed existing ore pile
• Renewed mining of deposit
More than 3,500 feet of tunnel
More than 2,400 tons produced and sold
USGS maps and assays published
Mineral rights acquired for 1,865 acres (755 hectares)
96 Federal lode mining claims (1,764 acres)

The Benefits of Vein Graphite in the Electrification Process

Vein Graphite is molecular in structure to be ideal for Energy Storage
Vein graphite require less steps to achieve purity and therefore is much more environmentally friendly
Vein graphite has many hi-tech applications including multi-layer graphene, de-salination filters and next generation batteries
When processed, vein graphite is higher-purity version of flake, and it is more easily spheronized

U.S. DEPARTMENT OF ENERGY

Department of Energy Awarding $2.8Billion USD to Expand Domestic Manufacturing of Batteries for EVs

Department of Energy Graphite related grants awarded in 2022 are:

Syrah Resources (SYR:ASX) awarded $222M to expand NATURAL graphite Active Anode Material (AAM) plant in Louisiana using graphite sourced from Mozambique mine.
Novonix Anode Materials (NVX:Nasdaq)awarded $155M to build domestic production of SYNTHETIC graphite for anode material using proprietary technology to lower carbon output from synthetic graphite production in Tennessee.
Anovion $117M to expand SYNTHETIC graphite capacity for anode material in Alabama.

Ruby Deposit is a prime candidate for US-sponsored initiatives which seek to establish domestic supply chains:

US domestic NATURAL graphite deposits are extremely rare and limited – Ruby Deposit, with vein graphite, is one of few deposits in North America.
The state of Montana is underrepresented for federal grants
Department of Energy has not awarded any domestic produced NATURAL (flake or vein) graphite grants yet. Ruby deposit is one of the few viable options for NATURAL, domestic sourced graphite.

“The United States depends on unreliable foreign sources for many of the strategic and critical materials necessary for the clean energy transition — such as lithium, nickel, cobalt, graphite, and manganese for large-capacity batteries. Demand for such materials is projected to increase exponentially as the world transitions to a clean energy economy.”

~ Presidential Determination 2022-11, President, Joe Biden

Source: https://www.whitehouse.gov/briefing-room/presidential-actions/2022/03/31/memorandum-on-presidential-determination-pursuant-to-section-303-of-the-defense-production-act-of-1950-as-amended/