Mason Graphite Enters Two Agreements with Group NanoXplore

Mason Graphite Inc. (TSXV:LLG,OTCQX:MGPHF) announced that it’s entered into two agreements with Group NanoXplore Inc., which specializes in the science of graphene and its derivative materials.

The agreements are as follows:

• A perpetual exclusive license agreement to use and commercialize the intellectual property for NanoXplore’s Thinned Graphite and Graphite Thinning Process which enables easier purification and has excellent synergies with Mason Graphite’s ongoing Detailed Study for large scale production of Value-Added Graphite (see press release from February 11, 2015). A patent application has been filed by NanoXplore for the related Intellectual Property (United States Provisional Patent Application 62/035.963).

• A Laboratory Services agreement that gives Mason Graphite access to NanoXplore’s research and laboratory facility for product development and for the design of value-added products. This Lab-for-Hire agreement gives Mason Graphite greater flexibility to customize and design products on demand for specific clients.

Benoit Gascon, president and CEO of Mason, commented:

NanoXplore’s Thinning Graphite Process has excellent potential to facilitate the graphite purification, which can lead to better products and better economics when producing value-added graphite products in applications such as lubricants, composites and alkaline batteries. As we progress through the scoping work of our value-added study, it is paramount that we have the capacity to design products that meet the exact specifications required by customers.

Click here to read the full Mason Graphite Inc. (TSXV:LLG,OTCQX:MGPHF) press release.

Mason Graphite is a Canadian mining company focused on the development of its 100% owned Lac Gueret graphite project located in northeastern Quebec. A positive Preliminary Economic Assessment( PEA) was completed in April 2013, and a Feasibility Study, based on an expanded mineral resource completed in December 2014, is currently underway. The Company is led by a highly experienced team that possess over five decades of experience in graphite production, sales, and research and development.