Posted by AGORACOM-JC
at 1:21 PM on Wednesday, September 25th, 2019
SPONSOR: Enthusiast Gaming Holdings Inc. (TSX-V: EGLX) Uniting gaming communities with 85 owned and affiliated websites, currently reaching over 150 million monthly visitors. The company exceeded 2018 target with $11.0 million in revenue. Learn More
Reuters and Esportz Network team up on esports coverage
Reuters today announced a new partnership with Esportz Network to offer the latest in-depth gamer-centric text, audio and video packages, reinforcing Reuters position as the leading source of esports content for media customers.
By Joel Ivory-Harte
Through Reuters Connect, Reuters News Agency customers will now have
access to Esportz Network’s professional coverage aimed at helping the
most dedicated esports fans and competitors gain in-depth analysis on
every angle of professional gameplay, as well as regular in-studio audio
and video updates and interviews covering esports game development,
tournaments, scores, and industry drama.
Esportz Network content will also become a regular feature on Keeping Score, Reuters own sports business podcast.
“There has been an explosion of popularity for all things esports
over the past year, and we’ve seen growing demand from our customers for
dynamic and engaging coverage of the industry,†said Rob Schack, Vice
President, Reuters Sports. “Reuters has been on the forefront of meeting
this demand from our customers and their audiences, and partnering with
Esportz Network allows us to expand our offering to include even more
content for the most hardcore gamers and esports fans.â€
Mark Thimmig, chairman and CEO for Esportz Network, stated, “We are
thrilled to join forces with Reuters, the leading global news agency,
who are as dedicated as we are to leading the way in the fastest-growing
consumer-driven global sport, esports.â€
The addition of Esportz Network content further strengthens Reuters
esports coverage, which includes a dedicated wire service featuring
unmatched global coverage of the competitive gaming industry, including
breaking news, player acquisitions, sponsorship deals and coverage of
the largest esports tournaments.
Launched in 2017, Reuters Connect is designed to be a faster, more
intelligent way for Reuters News Agency customers to source all the
content they need via a single destination. Reuters Connect is built to
make content discovery quicker and easier, improving clients’ editorial
efficiency and enabling them to deliver more stories to their audiences
faster than ever before.
For more information on Reuters Connect and its growing list of partners, visit: here
Posted by AGORACOM-JC
at 10:31 AM on Wednesday, September 25th, 2019
There is a lot we could say about American Creek’s Treaty Creek Project … But we’ll let the words of 4 much smarter and wealthier people do all the talking:
Walter Storm, CEO Tudor Gold (JV Partner)
“These results have proven that we have an excellent understanding of the structure, geology and mineralogy of this massive gold system.
Ken Konkin , Tudor Gold Exploration Manager (Credited With Discovering Brucejack Mine Just South Of Treaty Creek)
“”Given the success of the two deep drill holes GS19-47 and GS19-48, the Goldstorm System shows no signs of weakening to the northeast and several more drill holes will be needed to find the length and depth of this huge gold system.
“Eric Sprott, Billionaire Investor and 2X Investor In American Creek Resources
“What we’re shooting for is to define a 10 or 20-million-ounce discovery“
Darren Blaney, President & CEO American Creek Resources “Clearly, we have a massive, world-class gold system that still shows no signs of weakening to the northeast nor at depth.”
Grab your favourite beverage, watch this interview with American Creek Resources and start your due diligence.
Posted by AGORACOM
at 8:25 AM on Wednesday, September 25th, 2019
SPONSOR: Applied Biosciences Corp. is a vertically integrated company focused on the development of science-driven cannabinoid therapeutics and biopharmaceuticals, as well as state-of-the-art testing and analytics. As a leading company in the CBD, Pet and Health and Wellness space, the company is currently shipping to the majority of US states as well as to 5 International countries. Click Here for More Info
CBD, or cannabidiol, is a non-psychoactive compound found in
cannabis. It has seen a lot of interest recently, which has created a
rush to establish a foothold in the rapidly-growing, emerging market.
Accelerating this market boom is CBD’s purported medicinal
properties, and since, for the most part, the compound, found in both
cannabis and hemp, is marketed as a nutritional supplement, the ability
to make health claims is encumbered only by a disclaimer that the FDA
has not evaluated said promises. Unsurprisingly, CBD today is marketed
as a miracle cure-all, treating everything from headaches to cancer, as
well as aid in mental wellness. But has the CBD market outpaced the
known science?
Two of the most popular ailments that proponents claim are sleep
improvement and anxiety. One recent study, published in January of 2019,
found promise in using CBD to treat anxiety-related disorders but
concluded that controlled, clinical studies are needed, especially in
light of so much interest within the lay population.
Pain management is another area in which CBD shows promise, with many
current and retired athletes, individuals known for pushing their
bodies for maximum performance, at the expense of lasting, chronic pain.
Traditional pain and inflammation treatments, such as Ibuprofen, can
cause long-term damage to internal organs, or in the case of more potent
pain killers, like OxyContin, lead to addiction. Last year, the World
Anti-Doping Agency removed CBD from its list of banned substances,
perhaps a sign of CBD’s popularity and efficacy. But once again,
research finds that while there is promise, no conclusive evidence
exists because of a lack of consistent studies, also cautioning that
longer-term trials are needed to understand the long-term effects and
efficacy of CBD with regards to pain management.
The FDA has approved a pharmaceutical version of cannabidiol, sold
under the name Epidiolex last summer, for the treatment of two rare and
severe forms of epilepsy, Lennox-Gastaut syndrome and Dravet syndrome.
Both syndromes begin to affect patients in childhood, with
Dravet-related seizures appearing within the first year of life. CBD
helps control seizures and improve quality of life. To date, the FDA has
not approved the use of CBD for any other conditions however.
Despite the science of how CBD works on our minds and bodies still
being less than conclusive, at least by medical standards, that hasn’t
stopped people from using and swearing by the curative properties of the
cannabis-derived substance. And since the supplement is not as tightly
regulated as medicine, those interested in using CBD should do their
research into the manufacturer, and discuss it with their physician
prior to use.
Posted by AGORACOM-JC
at 4:59 PM on Tuesday, September 24th, 2019
SPONSOR: Enthusiast Gaming Holdings Inc. (TSX-V: EGLX) Uniting gaming communities with 85 owned and affiliated websites, currently reaching over 150 million monthly visitors. The company exceeded 2018 target with $11.0 million in revenue. Learn More
How eSports Could Rival Traditional Sports Like the NFL
Let’s talk eSports.
Riot Games, the company behind League of Legends, announced on
Monday, Sept. 23 that it was partnering with famed fashion house Louis
Vuitton.
Louis Vuitton is designing the case for the Summoner’s Trophy–the award handed out to the winners of the World Championships.
They will also design skins, which can be used in-game in League of Legends.
So, what do partnerships like these mean for eSports? And does this
prove that eSports have the ability to compete against other
sports–such as football?
Naz Aletaha, head of global e-sports partnerships at Riot Games, sat
down with TheStreet to discuss whether or not eSports could one day
rival traditional sports–such as the NFL.
Posted by AGORACOM
at 1:43 PM on Tuesday, September 24th, 2019
SPONSOR: Labrador Gold – Two successful gold explorers lead the way in the Labrador gold rush targeting the under-explored gold potential of the province. Exploration has already outlined district scale gold on two projects, including over a 40km strike length of the Florence Lake greenstone belt, one of two greenstone belts covered by the Hopedale Project. Click Here for More Info
Investors are starting to pay more attention to junior miners but the
sector isn’t out of the woods when it comes to attracting much needed
capital, according to one mining executive.
Gold’s $200 rally this year has breathed new life in the precious
metals market, but the junior sector has seen only a small portion of
renewed investor interest. The TSX Venture Index ($JX),
which is heavily weighted with junior explorers is up less than 3% this
year, a disappointing performance compared to gold’s 18% rally so far
this year.
Following a busy and positive Beaver Creek Precious Metals Summit, Ioannis Tsitos, president of Goldsource Mines (TSX.V: GXS)
said that the junior exploration sector needs more than just higher
gold prices to attract investors; it needs new discoveries: greenfield
discoveries
“In the last decade we have seen a significant decline in budgets for
greenfield exploration and that has led to less discoveries and that
has led to less stories in the marketplace,†he said.
Greenfield exploration refers to projects in unchartered territory
where information on the region’s mineralization is unknown. Because of
that lack of initial mineral information greenfield projects are seen as
a higher risk compared to brownfield projects, where exploration is
done around an existing mime.
Tsitos added that not only are few deposits being discovered but
grades are also dropping, which leads to a general lack of excitement in
the industry.
“Investor sentiment is improving for the sector but junior explorers
still need to do a lot more work and show that they are finding new
deposits,†he said.
Tsitos’ comments come as the company
develops its Salbora project, in Guyana, South America, which isn’t
exactly a greenfield project as there has been some preliminary airborne
surveys of the area. The project is also 1.5 kilometers from the
company’s Eagle Mountain Gold Project. However, the company has been
doing a lot of work to define the project’s mineralization.
Earlier this spring the company was able to raise nearly $7.5 million
in an oversubscribed private placement deal. Tsitos added that the
company has spent about $2 million on an aggressive exploration,
targeting 4,000 to 5,000 meters drilled by the end of the third quarter.
“The private placement was oversubscribed in one day,†he said. “It just shows how starved investors are for a new discovery.â€
Tsitos added that his company didn’t set out to be a greenfield
explorer but have embraced this role as the company ran into production
issues when it started producing gold at Eagle Mountain. He added that
the company needed to expand its resource to make the original mine more
efficient.
“For us exploring in a greenfield was a necessity. We were driven by
internal forces and our organic growth objectives,†he said. “But being
on this side we see the need for new discoveries in the industry.â€
Posted by AGORACOM
at 9:32 AM on Tuesday, September 24th, 2019
SPONSOR: ZEN Graphene Solutions: An emerging advanced materials and graphene development company with a focus on new solutions using pure graphene and other two-dimensional materials. Our competitive advantage relies on the unique qualities of our multi-decade supply of precursor materials in the Albany Graphite Deposit. Independent labs in Japan, UK, Israel, USA and Canada confirm this. Click here for more information
Understanding the properties and
dimensions of graphene is important for understanding novel ways in
which the extremely thin, potentially world-changing material can be
used.
A ‘wonder material’
Graphene has the highest known thermal and electrical conductivity of
any material and is tougher than steel while still being light,
flexible, and transparent. No wonder it is often called a ‘wonder
material.’
The material has a wide range of potentially world-changing uses.
These include being used as a filter for seawater, a barrier against
mosquito nets, and a comfortable solution to electrodes in prosthetic
devices.
Comparing graphene and graphite
In a new study, published in the journal Physical Review Letters, researchers asked two key questions: what is the true thickness of graphene, and to what extent is the material graphite?
To the surprise of the scientists, they found that 2D graphene, which
is a flat single layer of carbon atoms arranged in a honeycomb
structure, has several similarities to the 3D graphite.
Graphene and graphite share a similar resistance to compression. The
thickness of graphene, meanwhile, was extrapolated by comparing it to
graphite.
If the thickness of a block of graphite 100 layers thick is measured,
that means that the thickness of a single graphene layer is equivalent
to the thickness of the graphene block divided by 100.
So, based on their calculations, the thickness of graphene is 0.34 nm, the researchers say.
2D or not 2D, that is the question
Dr. Yiwei Sun, the lead author of the study from Queen Mary
University of London, said: “Graphene owes its thickness to an array of
chemical bonds sticking out above and below the 2D plane of carbon
atoms. Hence graphene is really a 3D material, albeit with a very small
thickness.
“By applying conventional 3D theory, which has been used for around
400 years, to 2D materials such as graphene, which have been known for
15 years, we show that similar arguments apply to other so-called 2D
materials, such as boron nitride and molybdenum disulphide. In that
sense, 2D materials are actually all 3D.”
Graphene was discovered in 2004 by peeling off graphene flakes from
graphite using sticky tape. It is known by many as ‘the world’s first
two-dimensional material’, due to the fact that it is extremely thin and
is made of a sheet of atoms.
Posted by AGORACOM-JC
at 5:35 PM on Monday, September 23rd, 2019
SPONSOR: Enthusiast Gaming Holdings Inc.
(TSX-V: EGLX) Uniting gaming communities with 85 owned and affiliated
websites, currently reaching over 150 million monthly visitors. The
company exceeded 2018 target with $11.0 million in revenue. Learn More
Louis Vuitton enters the eSports arena with League of Legends deal
Creative director of French fashion house Louis Vuitton is designing clothing for characters in the popular fantasy video game League of Legends, part of a new partnership between the LVMH unit and publisher Riot Games
By: Eben Novy-Williams, Bloomberg News
Luxury fashion designer Nicolas Ghesquiere’s next creation might be his least expensive.
The creative director of French fashion house Louis Vuitton is
designing clothing for characters in the popular fantasy video game
League of Legends, part of a new partnership between the LVMH unit and
publisher Riot Games. The first of these outfits, called skins in gaming
parlance, will be unveiled during the League of Legends World
Championships, which end in Paris in November.
While a Ghesquiere dress might normally cost a few thousand dollars,
skins typically sell for $9 to $25. It’s the first time that Riot Games
has let a luxury brand place designs within its games.
The partnership, which also features a small collection of
Ghesquiere-designed real-world clothing, comes as Riot Games has pushed
the League of Legends brand into other parts of the entertainment world.
The approach, similar to one taken by Fortnite maker Epic Games Inc.,
is intended to broaden the audience beyond just gaming circles. League
of Legends is part of a storyline on the HBO show “Ballers.†The company
has worked with “The Simpsons†on an recent episode and recently
partnered with Marvel to produce comic books around characters from the
game.
As part of the Louis Vuitton partnership, the fashion house is also
designing a carrying case for the League of Legends World Championship
trophy, known as the Summoner’s Cup. The company already makes a travel
case for the World Cup, the biggest sporting event on the soccer
calendar.
The League of Legends World Championship finals last year drew drew
99.6 million unique viewers. The event is “where the world of sports and
entertainment come together in celebration of new legends to be born,â€
Louis Vuitton Chairman Michael Burke said in a statement. “Louis Vuitton
has long been associated with the world’s most coveted trophies, and
here we are today, alongside the Summoner’s Cup.â€
This isn’t Louis Vuitton’s first foray into digital clothing. In
2016, the company started using characters from the popular sci-fi game
Final Fantasy as models. It also designed an outfit for Japanese
hologram pop singer Hatsune Miku.
Posted by AGORACOM-JC
at 2:55 PM on Monday, September 23rd, 2019
SPONSOR: CardioComm Solutions (EKG: TSX-V)
– The heartbeat of cardiovascular medicine and telemedicine. Patented
systems enable medical professionals, patients, and other healthcare
professionals, clinics, hospitals and call centres to access and manage
patient information in a secure and reliable environment.
Global Digital Health Market Is Expected to Post a CAGR Close to 22% During the Period 2019-2023
The global digital health market is expected to post a CAGR close to
22% during the period 2019-2023, according to the latest market research
report by Technavio.
mHealth technologies are gaining significant prominence in the digital health market as these are used for chronic disease management, disease surveillance, and treatment support.
Healthcare professionals are finding it easier to access patient information and diagnose diseases by using mHealth technology driven apps on smartphones
In addition, with the rise in adoption of smartphones and increase in penetration of the Internet, there has been a considerable growth in the use of mHealth technologies. Healthcare professionals are finding it easier to access patient information and diagnose diseases by using mHealth technology driven apps on smartphones. These apps also help the users in tracking personal health data including allergies and medications. Furthermore, mHealth services also enable the dissemination of essential medical information among healthcare professionals. This is expected to further drive the digital health market in the forthcoming years.
Posted by AGORACOM
at 2:03 PM on Monday, September 23rd, 2019
Sponsor: Affinity is a Canadian mineral exploration company building a strong portfolio of mineral projects in North America. The Corporation’s flagship property is the Drill ready Regal Property near Revelstoke, BC (TSX-V: AFF) Click Here for More Info
This year marked the 30th
anniversary of the Denver Gold Forum (DGF), the world’s most prestigious
precious metal equities investment conference. The invitation-only
event, held last week, was attended by an incredible seven-eighths of
the world’s publicly traded gold and silver companies by production, as
well as leading metals and mining executives, money managers, analysts
and investors.
Much has changed in the precious metals and mining industry in the
past 30 years, as we were all reminded by my longtime friend and mentor
Pierre Lassonde. Pierre, as many of you know, is the legendary
co-founder, along with Seymour Schulich, of Franco-Nevada, the first
publicly-traded gold royalty company. What you may not know is that
Pierre is also one of Canada’s most gracious philanthropists and
currently serves as the chairman of the Canada Council for the Arts
Board of Directors.
According to Pierre, annual global gold demand has exploded in the
years since the first DGF was held. Demand grew more than fivefold, from
a value of $32 billion in 1989 to $177 billion in 2018.
Today’s central banks are net buyers of gold as they seek to
diversify away from the U.S. dollar. But 30 years ago, they were net sellers.
In 1989, banks collectively unwound as much as 432 tonnes from their
reserves. Compare that to last year, when they ended up buying some
651.5 tonnes, the largest such purchase since the Nixon administration, with Russia and China leading the way.
Speaking of China… Pierre pointed out to us that we’ve seen a significant shift in gold demand over the past 30 years, from west to east, as incomes in China and India—or “Chindiaâ€â€”have risen. In 1989, Chindia’s combined share of global demand for the precious metal was only about 10 percent. Fast forward to today, and it’s 53 percent.
China and India Now Represent More Than Half of Total Global Gold Demand U.S. Global Investors
“Don’t forget the Golden Rule,†Pierre said. “He who has the gold makes the rules!â€
The Gold Price in 2049 Will Be…
One of the highlights of Pierre’s presentation was his forecast for
the price of gold in the next 30 years. After analyzing gold’s
historical compound annual growth rate (CAGR) over the past 50 years,
ever since President Nixon formally took the U.S. off the gold standard,
Pierre says he sees an average price target of $12,500 an ounce by
2049. And under the “right†conditions, it could go as high as $25,000!
Could We See $25,000 Gold by 2049?
U.S. Global Investors
“I think gold is in a good place,†Pierre told Kitco News’ Daniela Cambone
on the sidelines of the DGF. “The financial demand is being driven by
negative interest rates. Should the U.S. Treasury 30-year bond yield
ever, ever go negative, like in Germany and France, God bless, we’re
looking at $5,000 gold.â€
ESG Investing Goes Mainstream
One of my own observations of how the DGF has changed over the last
30 years is the way in which mining companies pitch their stock to
investors. Before, they would jump right into financials, production
costs, mining feasibility and the like. Today, however, they begin by
discussing topics such as sustainability and environmental impact.
ESG investing stands for environmental, social and governance. This
set of criteria has grown in importance among “socially consciousâ€
investors over the past decade, as you can see in the chart below. In
the U.S. alone, assets under management (AUM) in ESG-oriented funds and
ETFs have more than doubled from approximately $40 billion in 2013 to
$90 billion in 2019, according to Morningstar data. In Europe, where
institutional investors and money managers must now comply with certain
ESG standards, the figure’s likely even higher.
U.S. Investor Appetite for ESG-Oriented Funds Has Surged in Recent Years
U.S. Global Investors
Gold’s “Green Credentials†May Be Understated: RBC
The good news is that gold and gold mining look very attractive from
an ESG perspective. Gold’s “green credentials,†in fact, may be
understated, according to a recent report by the Royal Bank of Canada
(RBC). For one, owning physical gold—in coins, bars or jewelry—has
absolutely no environmental impact and actually increases a portfolio’s
ESG rating.
As for gold mining, the process gives off significantly less
greenhouse gasses (GHG) on a per dollar basis relative to some other
mined products, including aluminum, steel, coal and zinc. What this
means is that gold has a much smaller “carbon footprint†than what some
people might think.
Gold Has Among the Lowest GHG Emissions Per Dollar of Major Mined Products
U.S. Global Investors
Many mining companies are also working to meet some investors’
changing attitudes. IAMGOLD, for instance, is investing heavily in solar
infrastructure, and its mine in Burkina Faso is the world’s largest
hybrid solar/thermal plant, according to RBC. Newmont Goldcorp is moving
forward with its “Smart Mine Initiative,†which uses optimizer software
to maximize ore recovery and minimize waste. And Torex Gold has
developed what it calls the “Muckahi Mining System,†which alleges to
limit surface disruption and reduce the use of fossil fuels underground.
In the same report, RBC says it remains “positive on gold,†writing that the metal’s “deep liquidity, near global acceptance and role as a ‘perceived safe haven’ and ‘store of value’ make it very difficult to displace†as an investment.
Posted by AGORACOM
at 12:47 PM on Monday, September 23rd, 2019
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discovered high-grade graphite at its La Loutre Property in Quebec and
is working toward a Pre-Economic Assessment (PEA) that will increase
its current indicated resource of 4.1 Mt of 6.5% Cg to over 10 Mt of
10%+ Cg through a 21 hole program at the Refractory Zone. Click Here For More Information
Last April, Elon Musk promised that Tesla would soon be able to power its electric cars for more than 1 million miles over the course of its lifespan. At the time, the claim seemed a bit much. That’s more than double the mileage current Tesla owners can expect to get out of their car’s battery packs, which are already well beyond the operational range of most other EV batteries. It just didn’t seem real—except now it appears that it is. A. Paul Gill, CEO of Lomiko Metals (TSXV: LMR, OTCQB: LMRMF) stated “If we’re going to continue to expand the electric vehicle industry in Europe and  North America, we need a secure supply of raw materials.â€,stated Gill. “The shortage of graphite is going to be a real concern in the coming years.â€,he added.   Earlier this month, a group of battery researchers at Dalhousie University, which has an exclusive agreement with Tesla, published a paper in The Journal of the Electrochemical Society describing a lithium-ion battery that “should be able to power an electric vehicle for over 1 million miles†while losing less than 10 percent of its energy capacity during its lifetime. Led by physicist Jeff Dahn, one of the world’s foremost lithium-ion researchers, the Dalhousie group showed that its battery significantly outperforms any similar lithium-ion battery previously reported. They noted their battery could be especially useful for self-driving robotaxis and long-haul electric trucks, two products Tesla is developing. What’s interesting, though, is that the authors don’t herald the results as a breakthrough. Rather, they present it as a benchmark for other battery researchers. And they don’t skimp on the specifics. “Full details of these cells including electrode compositions, electrode loadings, electrolyte compositions, additives used, etc. have been provided,†Dahn and his colleagues wrote in the paper. “This has been done so that others can recreate these cells and use them as benchmarks for their own R+D efforts.†Within the EV industry, battery chemistries are a closely guarded secret. So why would Dahn’s research group, which signed its exclusive partnership with Tesla in 2016, give away the recipe for such a seemingly singular battery? According to a former member of Dahn’s team, the likely answer is that Tesla already has at least one proprietary battery chemistry that outperforms what’s described in the benchmark paper. Indeed, shortly after the paper came out, Tesla received a patent for a lithium-ion battery that is remarkably similar to the one described in the benchmarking paper. Dahn, who declined to comment for this article, is listed as one of its inventors. The lithium-ion batteries described in the benchmark paper use lithium nickel manganese cobalt oxide, or NMC, for the battery’s positive electrode (cathode) and artificial graphite for its negative electrode (anode). The electrolyte, which ferries lithium ions between the electrode terminals, consists of a lithium salt blended with other compounds. NMC/graphite chemistries have long been known to increase the energy density and lifespan of lithium-ion batteries. (Almost all electric car batteries, including the Nissan Leaf and Chevy Bolt, use NMC chemistries, but notably not Tesla.) The blend of electrolyte and additives is what ends up being the subject of trade secrets. But even those materials, as described in the paper, were well known in the industry. In other words, says Matt Lacey, a lithium-ion battery expert at the Scania Group who was not involved in the research, “there is nothing in the secret sauce that was secret!†Instead, Dahn’s team achieved its huge performance boosts through lots and lots of optimizing of those familiar ingredients, and tweaking the nanostructure of the battery’s cathode. Instead of using many smaller NMC crystals as the cathode, this battery relies on larger crystals. Lin Ma, a former PhD student in Dahn’s lab who was instrumental in developing the cathode design, says this “single-crystal†nanostructure is less likely to develop cracks when a battery is charging. Cracks in the cathode material cause a decrease in the lifetime and performance of the battery. Through its partnership with Tesla, Dahn’s team was tasked with creating lithium-ion batteries that can store more energy and have a longer lifetime than commercially available batteries. In electric cars, these metrics translate to how far you can drive your car on a single charge and how many charges you can get out of the battery before it stops working. Generally speaking, there’s a trade-off between energy density and battery lifetime—if you want more of one, you get less of the other. Dahn’s group was responsible for the seemingly impossible task of overcoming this tradeoff. The energy density of a lithium ion battery is one of the most important qualities in consumer electric cars like Tesla’s Model 3. Customers want to be able to drive long distances in a single charge. Tesla’s newer cars can get up to 370 miles per charge, which is well beyond the range of electric vehicles from other companies. In fact, based on the average American commute, Dahn estimates that most EV owners only use about a quarter of a charge per day. But to make a fleet of robotaxis or an empire of long haul electric trucks, Tesla will need a battery that can handle full discharge cycles every day. The problem is that fully discharging and recharging everyday puts greater stress on the battery and degrades its components more rapidly. But simply maintaining the current lifespan of a Tesla battery pack— about 300,000 to 500,000 miles—isn’t enough either. Long haul electric trucks and robotaxis will be packing in way more daily miles than your average commuter, which is why Musk wants a battery that can last for one million miles. Musk asked and Dahn delivered. As Dahn and his team detailed in their benchmarking paper, “one does not need to make a tradeoff between energy density and lifetime anymore.†The team’s results show that their batteries could be charged and depleted over 4,000 times and only lose about 10 percent of their energy capacity. For the sake of comparison, a paper from 2014 showed that similar lithium-ion batteries lost half their capacity after only 1,000 cycles “4,000 cycles is really impressive,†says Greg Less, the technical director at the University of Michigan’s Energy Institute battery lab. “A million mile range is easily doable with 4,000 cycles.†Just days after the publication of the benchmarking paper, Tesla and Dahn were awarded a patent that described a single-crystal lithium-ion battery almost identical to the batteries described in the benchmarking paper. The patented battery includes an electrolyte additive called ODTO that the patent claims can “enhance performance and lifetime of Li-ion batteries, while reducing costs.†It’s not certain that the battery described in the patent is the million-mile battery that Musk said would enter production next year, and neither Tesla nor Dahn are talking. But it’s a safe bet that Tesla’s proprietary battery performs even better. Shirley Meng, who runs the Laboratory for Energy Storage and Conversion at the University of California, San Diego, says many electric vehicle companies are pursuing batteries with higher nickel content than what Dahn’s paper and patent describe. That approach can boost the energy density of a battery. Meng says the next step is to merge those higher-density designs with some high-performing mix of electrolytes and additives. Whether it’s the formula Dahn’s group perfected is an open question. “I believe the ultimate goal of Jeff’s team is to demonstrate ultralong life in a high-nickel-content cathode, but perhaps they need a completely different mixture of the electrolyte additive cocktail,†Meng says. “I don’t think the same formula will work, and that’s why they released all the formulations.†Whatever design ends up making it into production at Tesla’s massive Gigafactory, the signs are clear: A million-mile battery will be here soon.