Reflex Advanced Materials Corp. (CSE: RFLX) (OTCQB: RFLXF) Seeks to Supply the North American EV Battery Supply Chain

  • The U.S. Inflation Reduction Act is set to drive a boom in the U.S. electric vehicle industry
  • Under the scheme, vehicles which source at least 40% of their components from North America or U.S. trade partners can be eligible for tax credits of up to $7,500
  • Most of the world’s graphite current comes from North-Eastern China with only one functioning natural graphite mine within North America at present
  • Reflex Advanced Material are working towards developing two potential graphite mining sites within North America, with the goal of supplying the burgeoning U.S. EV battery supply chain

On the outskirts of the town of Jidong in North-eastern China, tiny particles of graphite dust sparkle in the night-time sky ( Located along the border separating the nation from Russia’s Siberian territory, the Heilongjiang Province is the source of much of the world’s naturally mined graphene – a key element used in the manufacture of lithium-ion batteries. Graphite today accounts for nearly 25 to 28 percent of an EV battery’s total components, by far the largest element contained within the battery in terms of both volume and mass. Under the recently passed U.S. Inflation Reduction Act (“IRA”), customers may be able to avail themselves of subsidies designed to encourage the purchase of environmentally friendly electric vehicles. Nevertheless, a key constraint lays within the vehicle’s source of origin. Under the IRA, a vehicle may only be eligible for tax credits if it were to source at least “40% of critical mineral and battery” components from North America or a US free trade partner by 2024, a threshold which is set to soar to 80% by the end of 2026 (

Occupying a central position in the graphite chain today is BTR, the world’s largest supplier of natural graphite material for lithium-ion batteries. The Chinese company, which reportedly serves about 75 percent of the market demand for natural graphite material for batteries, sells to the world’s largest…

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