The Conversation (1)
Focus Graphite Inc. (TSXV:FMS) announced the launch of a feasibility study for the construction of a transformation plant in Sept-Iles, Quebec for value-added graphite products. The company’s announcement coincides with the Québec government’s Plan Nord, a long-term economic and social development plan to develop the northern Québec territory through sustainable mining, in which Focus is a stakeholder.
As quoted in the press release:
The company’s aim is to become the first Canadian producer and exporter of technology grade graphite to meet the rising global demand for highly purified and shaped graphite used to manufacture anodes for lithium-ion rechargeable batteries, targeted specifically for use in hybrid and electric vehicles for the growing energy storage market.
As a stakeholder in Plan Nord, Focus Graphite is an advanced stage flake graphite mine development company and sole owner of the Lac Knife, Quebec mining project, located 30 kilometers south of Fermont, near the Quebec-Labrador border. Graphite produced from the proposed Lac Knife mine can be sold in conventional graphite markets, but the superior quality of the graphite produced presents a greater opportunity to supply technology grade graphite to re-chargeable battery markets and portable electronic devices.
In May 2014 and in February 2015, the Company published its battery test results performed with Lac Knife spherical graphite. Those test results led to Focus’ decision to proceed with its formal evaluation of a high value graphite production plant. Currently, tests of the Company’s value added materials are ongoing with potential customers. Focus has also completed positive low-temperature thermal purification tests and other physical sizing and shaping methodology tests that form the basis for the value added graphite plant feasibility study now in progress.
Click here to read the Focus Graphite Inc. (TSXV:FMS) press release
Click here to see the Focus Graphite Inc. (TSXV:FMS) profile.