• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • NORTH AMERICA EDITION
      Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • NORTH AMERICA EDITION
      North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Battery Metals Market
    Battery Metals News
    Battery Metals Stocks
    • Battery Metals Market
    • Battery Metals News
    • Battery Metals Stocks
    market news

    Global Li-Ion Graphite To Acquire Past Producing Madagascar Graphite Project

    Melissa Shaw
    Sep. 13, 2017 09:17AM PST
    Battery Metals

    Global Li-Ion Graphite (“LION” or, the “Company”) (CSE: LION) is pleased to announce that the Company has entered into a memorandum of understanding (the “MOU”) with Avana Resources (“Avana”) to acquire a 100% interest in Avana’s graphite interests in Madagascar. The project comprises 3 mining exploitation licenses totaling 4,375 hectares (10,811 acres), in the vicinity of …

    Global Li-Ion Graphite (“LION” or, the “Company”) (CSE: LION) is pleased to announce that the Company has entered into a memorandum of understanding (the “MOU”) with Avana Resources (“Avana”) to acquire a 100% interest in Avana’s graphite interests in Madagascar. The project comprises 3 mining exploitation licenses totaling 4,375 hectares (10,811 acres), in the vicinity of Andasibe in Toamasina Province in Madagascar (collectively, the “Property”).
    The Madagascar Graphite project has been in operation on and off for the last century and is reported to have produced a combined approx. 18,000 tons of graphite oxide between 1998 and 2008 ( P.G. Ringdahl report 2008 and Wardell Armstrong report 2014) from small private artisanal surface mining operations, after which time the owner/ operators retired. The project’s land and operating permits have been kept in good standing and are up to date. A recent draft 43-101 report (Wardell Armstrong 2014) reports “an average run of mine (ROM) of 12% Graphite with first stage onsite flotation producing a 73% concentrate.” Both reports indicate the presence of large flake graphite (+80# mesh).
    Company President Jason Walsh commented:

    “We are particularly excited to have the opportunity to acquire these advanced assets as we believe we can bring them back into production in fairly short order given their history and infrastructure, providing the requisite economical and technical evaluations support a production decision.
    We look forward to working with Avana’s very experienced team on the ground in Madagascar in our efforts in making LION a leading provider of Graphite Oxide for the rapidly growing energy storage market”.

    Click here to read the full text release. 

    market newsgraphite oxide
    The Conversation (0)

    Go Deeper

    AI Powered
    Flake graphite ore at graphite deposit.

    Top 10 Graphite-producing Countries

    Glowing graphite molecules.

    ASX Graphite Stocks: 5 Biggest Companies of 2025

    Latest News

    JLL Signs Non-Binding LOI to List McDermitt on a US Exchange

    E-Power Expands Targets on The Tetepisca Flake Graphite Property; Samples 68.7% Cg at The Priority Graphi-Centre Target Area

    Altech Batteries Ltd Bearer Bond Funds Received

    Brunswick Exploration Starts Maiden Drilling Program at Anatacau Main

    FPX Nickel Completes Additional Large-Scale Mineral Processing Pilot Testwork to Produce Awaruite Concentrate to Support Discussions with Prospective EV Battery Supply Chain Partners

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×