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Big North Graphite (TSXV:NRT) commenced assembly of a graphite processing facility in Sonora, Mexico.
Clearing and grading the site has started and is expected to be completed within two weeks. Pad construction for the stockpiling of graphite is underway. Big North also announced that amorphous graphite has been purchased from local private producers who do not have processing capabilities. The Company plans to process the purchased graphite to the specifications of future customers and re-sell the purchased graphite at market prices, capturing the difference in prices.
As quoted in the press release:
Graphite produced at the facility will be shipped in bags or bulk containers. The facility location is ideal for shipping by truck within Mexico and rail is located within 15 kilometers, for shipping outside of Mexico. Clearing and grading of the approximately 18 acre site has started and expected to be completed within two weeks. Pad construction for the stockpiling of graphite is underway. Equipment for the facility is being purchased, with some items, including a Cat loader, a generator, a water trailer, a stationary screen, an air compressor and miscellaneous tools having already arrived at the site.
Big North President Spiro Kletas said:
We are excited with the progress at Nuevo San Pedro and the construction of our graphite processing facility brings us that much closer to our goal of becoming one of the first junior graphite companies to supply the graphite market.
Click here to read the Big North Graphite (TSXV:NRT) press release
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