Alabama Graphite Provides Corporate Update for 2015

alabama graphite logo1

Alabama Graphite Corp. (TSXV:ALP,OTCQX:ABGPF) announced the following corporate update on its 100%-owned flagship Coosa Graphite Project located in east-central Alabama, USA, and secondary-processed, specialty coated spherical graphite development progress.

As quoted from the press release:

A Year of Positive Change and Rapid Advancement.

Without question, 2015 proved to be an exciting year for AGC, during which time the Company accomplished several mission-critical operational and technical goals and objectives, including, but not limited to:

  • Coosa Graphite Project’s expanded 2015 diamond drill program
  • Coosa Graphite Project’s 200-ton bulk sample extraction and preparation;
  • Commencement of AGC’s specialty battery-ready graphite development work for use in lithium-ion batteries;
  • The appointment of leading graphite industry expert, George C. Hawley as Senior Technical Advisor and Chairman of the Company’s Technical Advisory Board;
  • Construction and commissioning of the Coosa Graphite Project 200-ton Pilot Plant by Oliver Peters at SGS Mineral Services;
  • Updated Coosa Graphite Project NI 43-101 Mineral Resource Estimate by Metal Mining Consultants Inc.;
  • Achieving 99.99% Cg purity across all flake sizes (exceeding the 99.95% Cg threshold for battery-grade graphite) via AGC’s proprietary low-temperature thermal purification process; and
  • Successful completion of a PEA – by independent engineering firm AGP Mining Consultants Inc. – which indicates a potentially low-cost project with potentially positive economics.

AGC has materially advanced the development of the Coosa Graphite Project and has enhanced the Company’s prospects in the American market for superior-quality, high-performance specialty graphite products.

Alabama Graphite President and CEO, Donald Baxter stated:

While we are committed to the successful optimization of the commercial potential of our high-quality battery-ready specialty graphite business strategy, our true purpose is to build an enduring world-class U.S. supply-chain company to address the American green-energy industry, with a mission of supporting the lithium-ion battery industry. We are confident that by remaining focused on this mission, we will prevail in executing our long-range growth strategies, intending to significantly increase value for our shareholders.

Connect with Alabama Graphite Corp. (TSXV:ALP,OTCQX:ABGPF) to receive an Investor Presentation.

Get the Latest Graphite Investing Stock Information

Get the latest information about companies associated with Graphite Investing delivered directly to your inbox.

Graphite Production/Mining
Graphite Prospecting and Exploration
Graphite Resource Definition/Pre Feasibility
Graphite Resource Expansion/Feasibility Study/PEA

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

"Did you know graphite is as tough as diamonds, but its unique structure makes it light, soft, and highly resistant to heat as well?"

Find out everything an investor needs to know about graphite investing. Click below to download a FREE industry report on the graphite market.

Leave a Reply