Rising demand for lithium-ion batteries has piqued many investors’ interest in graphite over the last few years. Graphite is a key component of these batteries, and some believe companies that are mining and exploring for it may be poised to do well in the future.
With that in mind, it’s worth being aware of which graphite companies are out there and what they are currently doing. To help investors with that task, we’ve put together a two-part list of graphite companies trading on the TSX and the TSXV. Below we profile graphite companies that are listed on those exchanges and that had a market cap of less than $15 million as of February 10, 2017.
Click here to see the first part of the list, which features TSX- and TSXV-listed graphite companies with market caps of over $15 million as of that date. Please let us know in the comments if we’ve missed a company!
Berkwood Resources (TSXV:BKR)
Market cap: $4.07 million
Berkwood Resources is a junior exploration company with several key projects, but its flagship project is its Lac Gueret graphite project in Quebec. It has a total area of 7,767 hectares and consists of 144 claims in two blocks: the Lac Gueret East Block and the Lac Gueret South Block.
Canada Strategic Metals (TSXV:CJC)
Market cap: $10.23 million
Canada Strategic Metals is focused on the exploration and development of a number of projects covering over 20,000 hectares in Quebec.
The company has several projects, with La Loutre and Lac des Iles West being the two that are focused on graphite. Lomiko Metals (TSXV:LMR) has option agreements on both projects, and recently the two companies announced high-grade graphite results from La Loutre’s near-surface Refractory zone.
Ceylon Graphite (TSXV:CYL)
Market cap: $12.35 million
Ceylon Graphite is currently exploring and developing graphite mines in historic resource jurisdictions in Sri Lanka. It holds a land package made up of 100 1-square-kilometer grids containing proven vein graphite deposits. These exploration grids represent the majority of known graphite resources in Sri Lanka, and graphite was historically produced there during the 1920s and 1930s.
DNI Metals (TSXV:DNI)
Market cap: $2.27 million
DNI Metals is an exploration- and evaluation-stage company. Its properties include SBH, Vohitsara, Attawapiskat and Clifton Gold Hill Royalty. The Vohitsara graphite property is located in east-central Madagascar, where high graphitic content and 70 percent large-flake distribution is typical. The company recently announced that its graphite project is permitted for production and said that drilling will start in March.
Eagle Graphite (TSXV:EGA)
Market cap: $8.11 million
Eagle Graphite owns the Black Crystal graphite quarry and processing plant in BC, one of two natural flake graphite facilities in North America. It is production ready, with permits and a five-year quarry plan in place. As part of its long-term business strategy, the company plans to expand its 2014 resource estimate and conduct work to show that Black Crystal graphite is suitable for use in lithium-ion batteries.
Great Lakes Graphite (TSXV:GLK)
Market cap: $12.34 million
Great Lakes Graphite is an industrial metals company focused on bringing value-added carbon products to the market. The company entered the market in 2016 with synthetic graphite products, and will begin offering micronized and purified natural flake graphite products in 2017. The company announced in November that it had surpassed its first-year sales goal in six months.
Market cap: $4.95 million
Lomiko Metals is an energy and industrial metals company with a focus on graphite and lithium. Through its wholly owned subsidiary Lomiko Technologies, the company is also investing in the future of graphene. As mentioned, Lomiko Metals has option agreements with Canada Strategic on the La Loutre and Lac des Iles West projects; it also holds the Quatre Milles graphite project in Quebec.
Nevado Resources (TSXV:VDO)
Market cap: $3.74 million
Nevado Resources is an exploration-stage strategic metals company. The company is currently focused on the titanium-vanadium–iron La Blache project and the graphite-iron Fermont project, both located in Quebec. The Fermont project consists of 341 claims covering an area of 17,540 hectares.
Noram Ventures (TSXV:NRM)
Market cap: $7.13 million
Noram Ventures is focused on building an international industrial metals company and becoming a low-cost supplier of lithium and graphite materials for North American, European and Asian markets. The company’s two key properties are the Clayton Valley lithium clay/brine project in Nevada’s lithium hub and the Jumbo flake graphite project in BC.
Recently, Noram announced the completion of Phase 1 drilling at its Clayton Valley project. It will soon be releasing analytical results from drill core samples.
Saint Jean Carbon (TSXV:SJL)
Market cap: $11.4 million
Saint Jean is a carbon science company with specific interests in energy storage and green energy creation and holdings in graphite and lithium claims in Quebec. Most recently, the company announced that it has started to design and build a graphene-based lithium-ion battery.
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Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: Eagle Graphite, Lomiko Metals and Noram Ventures are clients of the Investing News Network. This article is not paid-for content.