Business
SRG Graphite Signs MOU with Great Lakes Graphite for Supply of Graphite Concentrate
MONTREAL, Nov. 07, 2017 (GLOBE NEWSWIRE) -- SRG Graphite Inc. (TSXV:SRG) (“SRG” or the “Company”) today announced that SRG’s subsidiary, SRG Graphite Internatio
About this update from Falcon Energy Materials Plc
[{"type":"text","content":"MONTREAL, Nov. 07, 2017 (GLOBE NEWSWIRE) -- SRG Graphite Inc. (TSXV:SRG) (“SRG” or the “Company”) today announced that SRG’s subsidiary, SRG Graphite International Inc. (“SRGI”) and Great Lakes Graphite Inc. (“GLK”) (TSXV:GLK) (OTC PINK:GLKIF) (FWB:8GL) (SRGI and GLK collectively, the “Companies”) have executed a Memorandum of Understanding (“MoU”) whereby the Companies agree to work towards negotiating a supply agreement from SRG’s Lola Deposit located in Guinea, West Africa. Highlights SRGI and GLK have executed an MoU regarding the potential supply of between 5,000 and 20,000 tons of natural flake graphite per annum. The MoU Confirms continued interest in SRG’s graphite concentrate. The MoU calls for the Companies to work towards establishing a potential supply agreement. For GLK, the agreement represents the opportunity to expand the number of product offerings and enter new markets. The MoU specifies that the Companies will seek to negotiate an agreement for the annual supply of between 5,000 and 20,000 tons of natural flake graphite concentrate. SRG is developing a high-quality graphite deposit in Guinea, West Africa. The Lola Graphite deposit is located approximately 1,000 kilometers east of Conakry, the capital of the Republic of Guinea. The first 20 meters or so of the deposit are well weathered (lateralized), freeing graphite flakes from the silicate gangue and thus allowing for easy grinding and optimal recovery of all large and jumbo flakes. The graphite mineralization continues at depth within the non-weathered sheared gneiss. Metallurgy Lola graphite has favorable ash composition and the comparably low efforts required to attain high carbon grades. The graphite is seemingly suitable for highly demanding applications like Lithium Ion batteries or synthetic diamonds. The purification performed was “mild” compared to the “harsh” purification usually applied for Lithium-Ion battery grade, thereby attesting again to the likelihood that the material will be very suitable for such an application. The volatiles are low, oxidation resistance is very high and the specific surface area is in the normal range. The graphite from the Lola deposit has a high bulk density (>700 g/l); typical Chinese graphite has bulk densities of 450-550 g/l for +80 mesh. Doftner-Anzaplan from Germany reported that bulk density,...