Biden sharply hikes US tariffs on Chinese imports Jupiter Lithium Project Update Green Battery Minerals controls a North American graphite resource with ESG-friendly potential.
2024June14
1 | Page # 2200 – 1250 Rene Levesque Blvd. Montreal, QC, H3B 4W8Phone: (438) 469-0705
# 1100 - 1111 Melville Street, Vancouver, BC, V6E 3V6 Phone: (604) 343-7740
Biden sharply hikes US tariffs on
Chinese imports
Jupiter Lithium Project Update
Green Battery Minerals controls a North American
graphite resource with ESG-friendly potential.
June 14, 2024, VANCOUVER, B.C. Green Battery Minerals Inc. (" Green" or the
"Company") (TSX-V: GEM, FSE: BK2P, WKN: A2QENP OTC: GBMIF) announces that
the White House stated President Biden has signed an Executive Order establishing a 25% tariff
on Chinese imports, including natural graphite. The Tariffs on natural graphite will increase from
0% to 25% in 2026.
US President Joe Biden is hiking tariffs on Chinese imports, including batteries and critical
minerals, in a bid to bolster domestic manufacturing in critical industries.
A step President Biden previously announced to raise tariffs on some steel and aluminum
products will take effect this year, the White House said. The changes are projected to affect
around $18 billion in current annual imports.
“China’s forced technology transfers and intellectual property theft have contributed to its control
of 70, 80, and even 90% of global production for the critical inputs necessary for our technologies,
2024June14
2 | Page # 2200 – 1250 Rene Levesque Blvd. Montreal, QC, H3B 4W8Phone: (438) 469-0705
# 1100 - 1111 Melville Street, Vancouver, BC, V6E 3V6 Phone: (604) 343-7740
infrastructure, energy, and healthcare—creating unacceptable risks to America’s supply chains
and economic security.”
The tariff rate on lithium- ion EV batteries will increase from 7.5% to 25% in 2024, while the
tariff rate on lithium-ion non-EV batteries will increase from 7.5% to 25% in 2026. The tariff rate
on battery parts will increase from 7.5% to 25% in 2024.
The tariff rate on natural graphite and permanent magnets will increase from zero to 25% in 2026.
The tariff rate for certain other critical minerals will increase from zero to 25% in 2024.
The United States imported $427 billion in goods from China in 2023 and exported $148 billion
to the world’s No. 2 economy, according to the US Census Bureau.
The western world relies on China’s graphite as they control most of the world’s graphite
production. Electric vehicle and battery manufactures are making considerable investments to
replace the existing supply chains of graphite. We have started to see auto -manufacturers and
battery manufactures invest in Canadian mining projects to secure North American based ESG
friendly sources of EV battery minerals. Battery makers are expected to continue to invest in
exploration and or near producing mining Companies to secure competitive and environmentally
responsible battery minerals.
Benchmark Mineral Intelligence states that on aggregate 97 more natural graphite mines will be
needed by the year 2035 in order to meet demand for the EV market. Benchmark Mineral also
predicts that the natural Graphite market is set to enter a deficit in 2025, for the first time sinc e
2017, as supply fails to keep pace with rising demand for electric vehicles.
2023 Jupiter Lithium Geochemical Results.
The inaugural exploration program located multiple previously undocumented pegmatite bodies
on the Jupiter property and re -visited approximately half the historically observed pegmatites.
These coarse-grained pegmatites were found to be up to 30 m wide and many extended along
strike for 100’s of meters.
A total of 51 samples were collected from pegmatitic outcrops across the property, including
samples from at least 10 discrete mappable pegmatite dyke- like structures to the north of the
property. F ield observation indicates multiple distinct generations of pegmatite are present,
though as yet no definitive LCT (lithium, cesium and tantalum) type Pegmatites were observed
during the r ock chip sampling program . H owever, several favorable indicators motivate for
continued exploration.
The 51 samples collected were submitted to SGS Laboratories in Val-d'Or Quebec to be analyzed
via four acid 54 element analysis - sodium peroxide fusion, ICP-AES / ICP-MS analysis including
Li, Cs & Ta. Based on the assay results recently received, no substantial lithium mineralization
was encountered in any of the samples. Additional consideration and examination of the results
is being pursued to determine potential vectors to mineralization elsewhere on the property.
2024June14
3 | Page # 2200 – 1250 Rene Levesque Blvd. Montreal, QC, H3B 4W8Phone: (438) 469-0705
# 1100 - 1111 Melville Street, Vancouver, BC, V6E 3V6 Phone: (604) 343-7740
Figure 1: 2023 Rock sample Locations, Jupiter Property Claims Disposition and Pegmatite
Description across the local district.
2024June14
4 | Page # 2200 – 1250 Rene Levesque Blvd. Montreal, QC, H3B 4W8Phone: (438) 469-0705
# 1100 - 1111 Melville Street, Vancouver, BC, V6E 3V6 Phone: (604) 343-7740
About the Jupiter Property
The Jupiter Property was optioned to explore for Lithium bearing Lithium -Cesium-Tantalum
(“LCT”) Pegmatites and for potential Rare Earth Elements (“REE”) deposits. The property is an
early-stage exploration opportunity which comprises a total of 122 Quebec mineral exploration
claims which amount to a total of 6,406 hectares. Up to 33 pegmatite occurrences were identified
by historical government mapping. These claims are strategically located within the James Bay
lithium prospectivity area within which are the Nemaska Lithium, James Bay Lithium and Rose
Critical Elements deposits. The Jupiter Property meets the Company’s goal of discovering
deposits that host the elements critical to Lithium-Ion batteries.
Property Highlights
• The Jupiter property is located within the La Grande geological sub- province in an area
known to comprise porphyritic and magnetic tonalites characterised by later injections of
pink pegmatite.
• Up to 33 pegmatite occurrences have been identified by government mapping completed
over the property.
• The Jupiter claims are located over regionally elevated lake bottom sediment geochemical
anomalism for Lithium, with values up to 100ppm along the down ice trend of the
property.
• Float Plane and Helicopter accessible, approximately 175 km south of Radisson, and 25
km southwest of the Eleonore Mine and Airstrip. The northern infrastructure corridor
comprising ‘Rte de la Baie-James’ provincial highway and three Power transmission lines
are located approximately 35 – 50km east of the property.
Green Battery Metal Critical Minerals Property Portfolio:
• Berkwood Graphite Project – Quebec. Graphite Project
• Jupiter – Quebec. Lithium Pegmatite (LCT) prospect
• Stallion – British Columbia. Copper Porphyry, Epithermal Au+Ag prospect
• Boudrias – Quebec. Nickel Copper (PGE) prospect
About the Berkwood Graphite Project
The Berkwood Graphite Project is located within the jurisdiction of Quebec, in the Manicouagan
Regional County Municipality, three hours driving time from the city of Baie -Comeau. Easy
access is provided via a major secondary road and numerous tertiary and forest roads that traverse
the property.
The Zone 1 resource lies 8 km southwest of Nouveau Monde’s deposit which has a $3.5 billion
NPV on it . The Companies Zone 1 resource, and that of Nouveau Monde, share many similar
geological characteristics, with the Zone 1 resource being of exceptionally high grade and coarse
flake size by global standards.
2024June14
5 | Page # 2200 – 1250 Rene Levesque Blvd. Montreal, QC, H3B 4W8Phone: (438) 469-0705
# 1100 - 1111 Melville Street, Vancouver, BC, V6E 3V6 Phone: (604) 343-7740
The current mineral resource at the Berkwood Graphite Project includes in -pit constrained
resource totalling 1,755,300 tonnes of indicated resources at 17.00 % Cgr and 1,526,400 tonnes
in inferred resources at 16.39 % Cgr.
Table 2: In-pit Resource at Lac Gueret South Project (rounded numbers)
Current Resources (as of June 17th, 2019)
Minerals Resources
Category
Tonnage
(Mt)
Grade (%
Cgr)
Cgr (t) Cut off
Indicated 1.76 17.0 299,200 6.81%
Inferred 1.53 16.4 250,200 6.81%
The mineral resource estimates above are described in the technical report entitled, NI 43 -101
Technical Report Mineral Resource Estimate on t he Lac Gueret South Graphite Property, Quebec,
Canada. With an Effective date of June 30th, 2019, by Edward Lyons, PGeo., Florent Baril, ing.,
and Claude Duplessis, ing.
Link to Report:
https://greenbatteryminerals.com/wp-content/uploads/ReportFINAL_compressed.pdf
QAQC Comments: All samples were collected by typical field methods according to CIM best
practices, selected samples were collected by representative rock chips into numbered samples
bags, a CRM sample was inserted at a ratio of 1 sample in 20 to the sample batch, field duplicates
were additionally collected to confirm the outcrop geochemistry. All samples were submitted to
SGS laboratories, results are currently pending.
Qualified Person: Troy Marfeet., P.Geo., (OGQ #0075242). of Axiom Exploration Services, an
independent Qualified Person as defined by Canadian NI 43- 101 standards, has reviewed, and
approved the geological information reported in this news release.
About the Company: Green Battery Minerals is managed by a team with over 150 years
collectively with a proven track record of not just finding numerous mines but building and
operating them too. The Green Battery Mineral management team’s most recent success is
discovering the Berkwood graphite resource in Northern Quebec. Green Battery Mineral owns
this asset 100 percent, and the Company’s shareholders will benefit from this asset as the demand
for Graphite for electric vehicles increases significantly.
On Behalf of the Board of Directors
Green Battery Minerals lnc.
2024June14
6 | Page # 2200 – 1250 Rene Levesque Blvd. Montreal, QC, H3B 4W8Phone: (438) 469-0705
# 1100 - 1111 Melville Street, Vancouver, BC, V6E 3V6 Phone: (604) 343-7740
‘Thomas Yingling’
President, CEO & Director
2200 – 1250 Rene Levesque Blvd. Montreal, QC, H3B 4W8
Phone: (438) 469-0705
#1100 - 1111 Melville Street, Vancouver, BC, V6E 3V6
Phone: (604) 343-7740
FOR MORE INFORMATION, PLEASE CONTACT:
Investor Relations: [email protected] or 1-604-343-7740
Website: www.greenbatteryminerals.com
Disclaimer for Forward-Looking Information: Certain statements in this document which are not purely historical
are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding
the future. Forward looking statements in this news release include that the Company will carry out the drill program
described in this news release, conduct the Offering and expend funds on Berkwood Graphite Project exploration. It
is important to note that the Company's actual business outcomes and exploration results could differ materially from
those in such forward -looking statements. Risks and uncertainties include that further permits may not be granted
timely or at all; the mineral claims may prove to be unworthy of further expenditure; there may not be an economic
mineral resource; methods we thought would be effective may not prove to be in practice or on our claims; economic,
competitive, governmental, environmental and technological factors may affect the Company's operations, markets,
products and prices; our specific plans and timing drilling, field work and other plans may change; we may not have
access to or be able to develop any minerals because of cost factors, type of terrain, or availability of equipment and
technology; and we may also not raise sufficient funds to carry out our plans. Additional risk factors are discussed in
the section entitled "Risk Factors" in the Company's Management Discussion and Analysis for its recently completed
fiscal period, which is available under Company's SEDAR profile at www.sedar.com. No assurance can be given that
any of the events anticipated by the forward- looking statements will occur or, if they do occur, what benefits the
Company will obtain from them. These forward-looking statements reflect management's current views and are based
on certain expectations, estimates and assumptions, which may prove to be incorrect. Except as required by law, we
will not update these forward -looking statement risk factors. Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this News Release.