National Graphite Signs Strategic Alliance With American Graphene LLC
LAS VEGAS, June 3, 2013 /PRNewswire/ -- National Graphite Corp. (OTCQB: NGRC) is pleased to announce that the Company has entered into an agreement with American Graphene LLC where National Graphite Corp, and American Graphene LLC will explore joint business opportunities in the fast growing graphene market. Graphene's remarkable properties, including high conductivity, mechanical strength and high specific surface area make it an ideal material for electrochemical devices used in clean energy applications.
National Graphite Corp has supplied high grade graphite samples from the company's 100% owned Chedic Graphite mine near Carson City Nevada to the laboratory facilities of American Graphene LLC near Phoenix Arizona. Through a sonication process the graphite ore from the Chedic mine has been reduced to a nano material that has subsequently been sent to a metallurgical facility to determine the grade and commercial viability of the graphene product. The sonication process was observed by an independent geologist, designated as a Qualified Person. The two companies will explore an exclusive supply agreement where NGRC will supply high grade graphite to American Graphene, cost effective and scaleable processing facilities and commercially viable markets for the graphene product.
Graphene is a newly discovered formation of carbon atoms which makes a material 200 times stronger than steel, a super-conductor at room temperature, flexible and heat resistant. There are over 7000 patents filed relating to graphene. Currently, the price of graphene ranges from $100 per gram to $1000 per gram. The Company believes it can mine, refine and convert our high purity graphite to graphene with a target cost of approximately $10 per gram.
National Graphite Corp. currently holds the rights to the Chedic Voltaire, past producing, graphite mine in NW Nevada near Carson City,
NGRC plans to advance the project through the exploration and development stages.
About National Graphite Corp.
National Graphite Corp. is an American based graphite development company focused on bringing the Chedic Graphite Mine back into commercial production to supply the fast growing graphite mineral market. The mineral is used in the manufacture of Lithium-ion batteries and is considered critical to U.S. industry sectors like Consumer Electronics, Green Technology and Alternative Energy. National Graphite is committed to long-term sustainable graphite production within the North American market.
"Safe Harbor" Statement: Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. A complete "SAFE HARBOR: Disclosure" is listed on the Company's Website www.NationalGraphiteCorp.com under "News"
Kenneth B Liebscher
SOURCE National Graphite Corp.