NEW YORK, August 16, 2017 /PRNewswire/ --
According to a report by MarketsandMarkets, the global graphite market is projected to reach USD 29.05 Billion by 2022, at a CAGR of 5.2% from 2017 to 2022. Several industries are key end-users of the graphite-based products, including steel companies, automotive and aerospace. The use of graphite in batteries has been increasing in the last 30 years and has become a major component in large batteries. As a result, the demand from manufacturers of electric and hybrid vehicles have increased significantly. Rechargeable lithium-ion batteries utilize roughly twice the amount of graphite than lithium carbonate and as battery technology continues to evolve, the use of graphite in an increasing number of applications are also expected to provide growth opportunities for the graphite market in the future. Berkwood Resources Ltd. (TSX: BKR.V), Panasonic Corporation (OTC: PCRFY), Mason Graphite Inc. (OTC: MGPHF), Graphite One Resources, Inc. (OTC: GPHOF), Northern Graphite Corporation (OTC: NGPHF)
The rechargeable batteries for the electric vehicle market, which Tesla is a significant part of, contributes significantly to the graphite market. "Our cells should be called Nickel-Graphite, because primarily the cathode is nickel and the anode side is graphite with silicon oxide [there's] a little bit of lithium in there, but it's like the salt on the salad," explained CEO Elon Musk, according to Benchmark Mineral Intelligence. "The main determinants on the cost of the cell are the price of the nickel in the form that we need it and the cost of the synthetic graphite with silicon oxide coating."
Berkwood Resources Ltd. (TSX: BKR.V) is currently listed on the TSX Venture Exchange under the ticker 'BKR'. Earlier today the company announced that drilling has commenced on its Lac Gueret South Graphite Project located in Quebec. The Company has completed certain access development for its initial group of targets, and drill pads have been prepared for the initial suite of targeted PhiSpy conductive anomalies, located in the Zone 1 area (refer location descriptions below). The Company anticipates completing up to 18 inclined drill holes (of between 60m and 120m in length) in this initial phase of work. The amended exploration permit approval to start drilling on 16 August has been received. A drill is on site ready to commence on that date. The amended permit allows for a multiphase exploration program without delays at each stage.
Lac Gueret South Property, Quebec - Lac Gueret South is located in Cote Nord, Quebec, a three hour drive from Baie-Comeau in an area of very good infrastructure. The Project lies directly south of Mason Graphite's (TSX-LLG) advanced Lac Gueret Project. Mason is developing one of the largest high grade graphite deposits in the world.
In 2014, Berkwood conducted an electromagnetic ('EM') airborne geophysical survey over its South Lac Gueret Property and successfully identified several anomalous zones of high conductivity. Several of these anomalies were downgraded as they are considered too small or too deep to represent economic graphite deposits. However, the Zone 1 and Zone 2 anomalies are of significantly larger size and are considered high priority targets for immediate exploration by drilling and trenching. These large anomalous conducive areas are almost entirely covered by muskeg and till with few bedrock outcrops available property-wide.
Lac Gueret South Zone 1 - Two distinct electromagnetic conductors appear to occur over a two kilometer length and 50 meters to 600 meters in width as defined by airborne EM geophysics (see the Berkwood news release dated February 10, 2015). The western part of this zone was further defined by ground VLF and EM surveys: four VLF and 22 contiguous PhiSpy EM conductors have been detected over an apparent 800 meters length and up to a 300 meters width. This western area is interpreted as a potential bulk graphite zone interlayered within the hinge of a complex fold. The limbs thin to 50 meters in width as the Zone extends eastward. A total of 11 rock grab samples were collected in the vicinity of the Zone 1 anomaly: three of these samples contained 36.3%, 14.4%, and 1.04% Cgr (Carbon as Graphite) respectively. The presence of significant values of Carbon as Graphite found in the vicinity of these mainly covered large geophysical anomalies is interpreted to indicate that the anomalies are probably large graphite zones.
Lac Gueret South Zone 2 - Zone 2 is contiguous with the southern limit of the Mason Graphite claim boundary and along strike from the graphite zones of Mason Graphite. A total of two VLF-EM and 15 PhiSpy ground geophysical anomalies confirm the occurrence of two parallel east-west conductors. The larger conductor extends 1 kilometer in length and 60 meters in width. To view details, maps and photos of Berkwood's properties please click the following link: http://www.berkwoodresources.com/properties.html . The program is being undertaken subject to two current drilling permits issued by regulators in Quebec.
Tom Yingling, President and CEO states, "I am pleased we have embarked upon our planned drill program. This test has targets an extensive and very compelling conductive zone, in a district in which the world class Mason graphite deposit is now in development."
Panasonic Corporation (OTC: PCRFY) is a worldwide leader in the development of diverse electronics technologies and solutions for customers in the consumer electronics, housing, automotive, enterprise solutions and device industries. Recently, Panasonic established a global battery cell production system for eco-friendly vehicles in China. In addition, Saint Jean Carbon Inc. announced that it has received their first order from Panasonic Corporation to supply graphite anode material to their manufacturing facility. The order consists of two different material specifications. Panasonic is one of the largest battery manufacturers in the world and makes batteries for companies like; Tesla, Toyota, Volkswagen and many other large corporations.
Mason Graphite Inc. (OTCQX: MGPHF) is a Canadian mining and processing company focused on the development of its 100% owned Lac Guéret natural graphite deposit located in northeastern Québec. Mason Graphite Inc. and the Innu Council of Pessamit today signed the Mushalakan Agreement, an Impact Benefit Agreement resulting from the 2014 Cooperation Agreement between the Parties. The Mushalakan Agreement, negotiated directly between the Pessamit Council and the executives of Mason Graphite, reflects the willingness of the Parties to work closely together to ensure that the Lac Guéret graphite mining project is a success and benefits the Pessamit Community and the population of Manicouagan.
Graphite One Resources, Inc. (OTCQB: GPHOF) announced earlier in May that it has received a site assessment report for its advanced-materials graphite refinery facility prepared by the Alaska Industrial Development and Export Authority (AIDEA). The AIDEA Report is the first product of the Memorandum of Understanding entered into by AIDEA and Graphite One announced on February 16, 2017. Graphite is a critical material for electric vehicle batteries and energy storage systems. The U.S. is presently 100% import-dependent for its graphite supply. "Tapping AIDEA's expertise in helping us assess potential refinery sites is the first step towards making Alaska a key player in the clean-tech energy sector," said Anthony Huston, Graphite One's CEO. "The AIDEA Report confirms the considerable interest Alaska localities have in serving as a base for our advanced-material spherical graphite refinery. With AIDEA's involvement, we intend to move forward to the next phase in our refinery site evaluation."
Northern Graphite Corporation (OTCQX: NGPHF) has a 100% interest in the Bissett Creek graphite deposit located in southern Canada and relatively close to all required infrastructure. On August 15th, Northern Graphite announced the results of additional metallurgical test work carried out on ore from the Bissett Creek deposit by BGRIMM, a Chinese state owned metallurgical research and development company. BGRIMM confirmed the high recoveries and high purities used in the Feasibility Study and successfully increased the percentage of high value, +50 mesh XL flake in the final concentrate from 48 to 61 per cent. Gregory Bowes, CEO commented that: "We believe Bissett Creek has the best flake size distribution of any new graphite project which will result in concentrate prices that are more than 60 per cent higher than for the "average" project, and we will not have the fines problem that characterizes almost every graphite deposit."
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