Flinders Resources’ acquisition of Big North Graphite fell through last fall. However, Big North has by no means been inactive since then. Here President and CEO Spiro Kletas discusses what the company has been up to and why it’s dedicating all its resources to the El Tejon project.
Flinders said Thursday that it has terminated its agreement to acquire Big North, citing Big North’s failure “to satisfy the due diligence process” as its reason for doing so. Nevertheless, Spiro Kletas, Big North’s president, CEO and director, doesn’t seem shaken.
Tesla Motors dominated graphite headlines for much of 2014, and according to analyst Simon Moores, 2015 is likely to bring more of the same. Read on for a look back at the graphite market in 2014 and an overview of what to expect next year.
Big North Graphite (TSXV:NRT) announced that it had converted all debt associated with the $250,000 of unsecured convertible notes. The company also announced that it sold 260 tons of amorphous graphite from its project in Sonora, Mexico.
Big North Graphite (TSXV:NRT) and Flinders Resources (TSXV: FDR) have announced that the companies will further extend the due diligence period regarding their acquisition agreement to January 30, 2015. The entering into a definitive agreement to incorporate the terms of the binding letter has been extended to the same date.
Big North Graphite (TSXV:NRT) announced it had excercised its option to acquire a 100 percent interest in the Grand Lac du Nord graphite property in eastern Quebec from Zimtu Capital Corp. and three of its prospective partners. As part of the option, Big North previously issued an aggregate of 3
Big North Graphite (TSXV:NRT) and Flinders Resources Limited (TSXV:FDR) have agreed to extend the due diligence period to November 30 2014, further to a joint news release dated October 21 2014. The extension is necessary to allow for additional time to finalize key due diligence matters and to enter into
Flinders Resources Ltd. (TSXV:FDR) and Big North Graphite Corp. (TSXV:NRT) announced that they have agreed to extend to November 3, 2014 the due diligence period regarding their recently announced binding letter agreement.
Chris Berry published a report on Flinders Resources Ltd.’s (TSXV:FDR) proposed acquisition of Big North Graphite Corp. (TSXV:NRT), commenting that it “appears to be the spark necessary to ignite consolidation and eventually higher prices in the Energy Metals space.”
Spiro Kletas, president and CEO of Big North, explains why the move is beneficial for both companies.
Big North Graphite (TSXV:NRT), together with Flinders Resources Limited (TSXV:FDR) have entered a binding letter of intent whereby Flinders will acquire all issued and outstanding shares of Big North via a plan of arrangement under the Business Corporations Act of British Columbia. Big North will become a 100 percent owned
Big North Graphite Corp. (TSXV:NRT,OTC:BNCIF) announced that it plans to reactivate all permits needed to re-start operations at its El Tejon flake graphite mine and mill located in Mexico. The permitting consultants engaged to start the process, Gestion Ambiental Omega SC, expect to have all permits in place within roughly
Big North Graphite (TSXV:NRT,OTC:BNCIF) has released a report prepared by Tetra Tech WEI Inc. regarding Big North’s recently acquired El Tejon project in Mexico. The company commissioned the report as part of its due diligence process for the project.
Big North Graphite (TSXV:NRT) CEO Spiro Kletas said that In 2014, the Company is focused on “securing long term offtakes, improve our processing capability, and increase the tonnage we sell per month, and create a successful cash-flowing business for our shareholders.”
Big North Graphite Corp. (TSXV:NRT,OTC:BNCIF) announced the acquisition of all shares of Grafito de Mexico, S.A. de C.V., registered owner of the El Tejon property, held by the Vendors. Big North made the acquisition thru payment of US$1,700,000 and issuing 12,500,000 common shares to the Vendors.
Big North Graphite Corp. (TSXV:NRT,OTC:BNCIF) reported its largest sale of graphite to-date: a total of 403 tons of amorphous graphite was shipped to a customer within Mexico in March.