The Conversation (0)
Stem 7 Capital (“Stem 7” or the “Company”) (TSXV: STS.H) is pleased to inform shareholders on the Company’s decision that the initial focus of its Brazil initiative will be on the expanding global graphite industry. Stem 7’s two newest directors, Eric Allison and Allen Ambrose, both geologists, have extensive experience in Latin America and, specifically, …
Stem 7 Capital (“Stem 7” or the “Company”) (TSXV: STS.H) is pleased to inform shareholders on the Company’s decision that the initial focus of its Brazil initiative will be on the expanding global graphite industry.
Stem 7’s two newest directors, Eric Allison and Allen Ambrose, both geologists, have extensive experience in Latin America and, specifically, Brazil with over sixty-five years of combined project evaluation and development experience.
Messrs. Allison and Ambrose are focused on a specific graphite producing region of Brazil that could yield several potential graphite opportunities based on further due diligence planned over the coming weeks.
Mr. Allison commented:
“I am excited that Stem 7’s board agrees that graphite is a strong first area of concentration for the Company’s recently announced Brazil-focused strategy.
With industry analysts reporting global demand for graphite is expected to increase significantly over the next five years, the Company is presented with a strong window of opportunity to review and potentially acquire graphite assets for near term development.
Though not intended as the Company’s sole focus for mining opportunities, the graphite industry is undeniably an excellent sector to focus on first to maximize shareholder value.”
Click here to read the full text release.