Alabama Graphite Corp. Announces the Execution of Six Non-Disclosure Agreements with United States Department of Defense Lithium-ion Battery Solution Providers for Coated Spherical Graphite Samples

TORONTO, CANADA — (July 18, 2016) — Alabama Graphite Corp. (TSXV:ALP,OTCQX:ABGPF) is very pleased to announce that it has entered into a total of six non-disclosure agreements (“NDAs”) with United States Department of Defense (“DoD”) lithium-ion (“Li-ion”) battery manufacturers and suppliers for the purpose of carrying on discussions and due diligence evaluation of samples of AGC’s American sourced and manufactured Coated Spherical Graphite (“CSPG”). The graphite used by AGC to produce its CSPG is sourced exclusively from the Company’s flagship Coosa Graphite Project property, located in Coosa County, Alabama, USA. All six of the battery manufacturers are based in the contiguous United States. The testing by these DoD suppliers is designed to determine if AGC’s CSPG would qualify for Li-ion battery applications — both for primary and secondary Li-ion batteries — specifically for DoD use. The names of the six DoD battery manufacturers are being withheld for reasons of commercial confidentiality. These six NDA agreements are in addition to the multiple NDA agreements AGC has entered into with U.S.-based entities that are not affiliated with the U.S. DoD.
Further to the Company’s June 23, 2016 announcement (see: “Alabama Graphite Corp. Announces Shipment of American Sourced and Manufactured CSPG Samples to United States Department of Defense Lithium-ion Battery Solutions Provider”), AGC will be manufacturing CSPG evaluation samples to the material specifications provided from the various battery manufacturers. The DoD strongly encourages their contractors and suppliers to source their input materials from within the USA. As a result, several of these DoD battery manufacturers have sought out AGC as a potential future supplier of American sourced and manufactured CSPG.
Donald Baxter, AGC’s President, Chief Executive Officer and Executive Director commented, “Without exception, all of the DoD contractors and suppliers we have entered into NDAs with have expressed that sourcing input materials from within the United States is more important than ever. AGC is focussed on becoming a U.S.-sourced green-energy supply chain producer for the United States government and defense sectors’ battery solutions providers.” Mr. Baxter added, “Although there is much work to be done, pending the initiation and completion of a positive Feasibility Study, followed by the financing and construction of a graphite mine and downstream CSPG processing and production facilities, I believe that AGC will be a viable domestic upstream supply option for these and other American lithium-ion battery manufacturing entities.”
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