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Graphite One Samples Yield High Purity Of 99.99% Carbon From Second Series Of Beneficiation Tests
(via Thenewswire.ca) Calgary, Alberta / TNW-ACCESSWIRE / April 24, 2014 / Graphite One Res...
About this update from Graphite One Inc.
[{"type":"text","content":"Graphite One Samples Yield High Purity Of 99.99% Carbon From Second Series Of Beneficiation Tests(via Thenewswire.ca)\n\n \nCalgary, Alberta / TNW-ACCESSWIRE / April 24, 2014 / Graphite One Resources Inc. (GPH: TSX-V, GPHOF: OTCQX) (\"Graphite One\" or the \"Company\") is pleased to announce the following significant results from a second series of beneficiation tests conducted at SGS Canada Inc. (\"Lakefield\") on samples from its 100% owned Graphite Creek Deposit. Trials using a leaching process yielded results exceeding 99.9 per cent Carbon (\"% C\") from a rough concentrate produced from floatation which had an initial 92 % C head grade. \n\n\n \nThis is further confirmation of earlier mineralogical studies that showed the flake graphite material to be of high quality and containing minor amounts of impurities and improves on results as reported on April 29, 2013. The ability to produce a natural graphite product equivalent in purity to the highest grade synthetic graphite will allow Graphite One to target the growing market in high value-added graphite applications. These high purity levels are required in many industrial applications including electrochemical applications like Lithium-ion batteries which are used in electric vehicles and represent a significant and growing market.\n\n\n \nAnthony Huston, President and CEO stated \"Achieving ultra-high purity carbon results is essential in the emerging graphite market.\" Huston also stated \"With accelerated global interest in graphite deposits and with Graphite Creek being the U.S.'s only advanced Graphite Deposit, we will continue to seek strategic partners, including graphite end-users.\"\n\n\n \nTesla Motors Inc. (\"Tesla\"), recently announced plans to build a new $5 billion lithium-ion battery 'giga-factory' in the U.S., forecasted to reach production in 2017. As well, co-founder of Tesla, Elon Musk, stated the company \"plans to use only raw materials sourced in North America for its U.S. battery factory\". According to Simon Moores at Industrial Minerals (\"IM\"), the output of this factory would more than double the size of the current market and the graphite industry would likely be the beneficiary of this growth. In IM's calculations, demand for natural flake graphite could increase by 37% by the year 2020, requiring equivalent production from six to nine new gra...