On top of the above...The company also owns 100% of a portfolio...

On top of the above...
The company also owns 100% of a portfolio of graphite deposits including the Malingunde saprolite-hosted graphite project, for which a pre-feasibility study was published in 2018. The study demonstrated strong economics for flake graphite production and showed the project sits at “the very bottom of the global graphite cost curve”. ( It will be a cash cow then) IMHO

In addition, downstream application test work produced ultra-high purity 99.9995% graphite compared to the current standard lithium-ion battery anodes of 99.5% graphite. Sovereign said its higher purity material could lead to superior electrochemical performance.

“With electric vehicle demand booming globally, the company is considering strategic options relating to vertical integration into lithium-ion battery anode production to capture the anode value chain,” Sovereign said.

According to the company, demand for lithium-ion batteries is being driven by sustainability targets and legislation, consumer needs, and more affordable electric vehicles.

The United Kingdom has legislated that petrol and diesel cars will not be sold after 2030 and according to Bloomberg estimates, electric vehicles will make up 10% of global passenger vehicle sales by 2025 and increase up to 58% in 2040.

“Greater capacity batteries, such as those required for these electric vehicles, are expected to drive significant and growing demand for natural flake graphite over the coming years,” Sovereign forecast.

Meanwhile, graphite demand is predicted to exceed global supply by 400,000t as early as 2026.

“New production is needed to come online to meet the strong growth market,” Sovereign stated.

"The company said it is nearing submission of its mining licence application for Malingunde and the environmental and social impact assessment is also nearing completion".

Well done SVM team!!!

Well I look forward to hearing the words of the following milestones reached too!!
Mining licence application submitted
Mining licence approved

Happy to continue being a long term holder, and the future looks promising too. IMHO