LAS VEGAS, June 18, 2012 /PRNewswire/ -- National Graphite Corp, (NGRC-OTCBB) formerly Lucky Boy Silver Corp. (LUCB –OTCBB) is pleased to announce that further to its acquisition of 65 claims of 60 hectares each for a total of over 9,600 acres in Lochaber Township in Quebec, Canada, management has entered into an agreement with GeoXplor Corporation to purchase a 100% interest in and to the Chedic Graphite Property consisting of 20 Mineral Lode Claims in Township, 15 North, Range 19 East, Sections 25 & 26 Carson City, NV mining claims compromising approximately 400 acres.
Graphite is one of the most versatile of non-metallic minerals. Used in batteries, lubricants, brake linings, refractories and foundries, graphite can be either synthetic or natural. Natural and synthetic graphite industries operate independently and have little crossover in market share and end uses. The rise of the Lithium-ion battery has caused great excitement in the graphite industry in recent times. Demand for batteries (primarily nickel-metal-hydride and to a lesser extent Li-ion) caused a surged in graphite demand in the late 1980s and early 1990s – driven by portable electronics such as the walkman and power tools. Lithium Batteries are the fastest growing end and use 10X the graphite to lithium in the expanding electric auto market. Batteries are the fastest growing end use for graphite. Electric vehicles hold the potential to see graphite demand boom. For example, the Li-ion battery in the fully electric Nissan Leaf contains nearly 40 kg of graphite.
China dominates world graphite production and represents 75% of total output. India is the second largest producer followed by Brazil, north Korea, Austria and Canada. The U.S. has no current natural graphite production but with National Graphite Corp's exploration commitment plans, this will soon change.
National Graphite Corp is one of a handful of companies owning graphite exploration properties in the Quebec and Ontario, and with this acquisition one of the only potential US Producers.
The Company has commenced trading under its new symbol NGRC on Wednesday June 6, 2012. The Company has a newly expanded website under construction which will reflect its mineral Graphite projects with the domain name of www.nationalgraphitecorp.com.
National Graphite (Formerly Lucky Boy Silver Corp) will continue development of its Nevada silver and gold claims
The Company's Candelaria silver properties are located in the Walker Lane Mineral Belt in western Nevada. The Walker Lane is a major northwest-southeast-trending zone which displays right lateral fault movement that ranges from 30 to 40 miles in its central portion, and hosts a variety of precious metal and base metal mineral deposits (as well as geothermal activity) along its length. The mineralization on the Candelaria prospect is primarily silver mineralization with some gold, lead and zinc exposed at the surface and trending east-west across the northern edge of the claims.
National Graphite Corp (formerly Lucky Boy Silver Corp.) Shareholders, investors and interested parties are encouraged to visit our current website at www.LuckyBoySilver.com. while we complete our new site.
Please Continue to Contact: Kenneth B Liebscher - CEO / National Graphite Corp at [email protected]
"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. Notice Regarding Forward Looking Statements -This press release includes forward-looking statements that involve a number of risks and uncertainties, including the success of the programs it is commercializing and developing. Further, the risks involve the ability of the Company to raise capital to fund its operations and the capital requirements for the development and marketing of its products. Investors are encouraged to review the risk factors listed or described from time to time in the Company's filings with the Securities and Exchange Commission.
SOURCE National Graphite Corp