Amorphous graphite is found as extremely small, crystal-like particles in beds of mesomorphic rocks like coal, slate and shale, and its carbon content depends on that of its parent material. When found in coal it is the result of the thermal metamorphism of coal, and is referred to as meta-anthracite. However, unlike coal, amorphous graphite is not used as fuel as it is difficult to ignite.
According to Riddle, amorphous graphite that is marketable today typically ranges in purity from 70 to 90 percent. “You can’t afford to upgrade it if you are to be cost effective,” he said.
Amorphous graphite is used in the refractories industry to manufacture crucibles, ladles, molds, nozzles and troughs that can withstand very high temperatures, particularly the casting of steel. Indeed, the electrodes used in many electrical metallurgical furnaces, including the electric arc furnaces used in steel processing, are manufactured from graphite. Furthermore, in the production of steel itself, graphite is used as a carbon raiser to strengthen steel. It’s also used in blast furnace linings for the production of iron because of its high thermal conductivity.
Aside from the refractories industry, amorphous graphite is also used in brake linings, gaskets and clutch materials. Additionally, amorphous graphite is used in foundry facing mold wash, where it helps ease the separation of casted objects from molds. Finally, low-quality amorphous graphite, mostly from China, is used to make pencil lead.
What exactly is graphite? And can investors really profit from graphite investing? Here are some brief answers to those questions and more.
What exactly is graphite? And in today’s tough markets, can investors really make a profit from graphite investing? Here are some brief answers to those questions and more.
Flinders Resources’ acquisition of Big North Graphite fell through last fall. However, Big North has by no means been inactive since then. Here President and CEO Spiro Kletas discusses what the company has been up to and why it’s dedicating all its resources to the El Tejon project.
Big North Graphite Corp. (TSXV:NRT) also announced that it’s put its amorphous graphite operation in Sonora, Mexico on hold.
Big North Graphite (TSXV:NRT) announced that it had converted all debt associated with the $250,000 of unsecured convertible notes. The company also announced that it sold 260 tons of amorphous graphite from its project in Sonora, Mexico.
Big North Graphite (TSXV:NRT) CEO Spiro Kletas said that In 2014, the Company is focused on “securing long term offtakes, improve our processing capability, and increase the tonnage we sell per month, and create a successful cash-flowing business for our shareholders.”
Syrah Resources and Asmet (UK) last week signed a memorandum of understanding for a graphite offtake agreement that, when formally negotiated, will see Asmet purchase 100,000 to 150,000 tonnes of graphite per year from the Mozambique-based Balama project.
Big North Graphite Corp. (TSXV:NRT,OTC:BNCIF) reported its largest sale of graphite to-date: a total of 403 tons of amorphous graphite was shipped to a customer within Mexico in March.
Graphite Investing News asked Lomiko Metals, Northern Graphite, Focus Graphite, Graphite One Resources and Big North Graphite about their future plans.
Big North Graphite (TSXV:NRT) is the only TSX Venture company pursuing amorphous graphite. In 2014, the Company plans to advance the newly-acquired El Tejon Flake Graphite mine and mill in Mexico.
Big North Graphite (TSXV:NRT) has entered into a share purchase agreement with MAG Exploration Services Inc. and Cesar Javier Guajardo Villarreal to acquire all of the shares of Grafito de Mexico, S.A. de C.V., held by the Vendors (which shares represent 97.5% of the issued and outstanding share capital of
Big North Graphite Corp. (TSXV:NRT) signed a letter of intent with MAG Exploration Services Inc. to acquire all of the shares of Grafito de Mexico, S.A. de C.V., held by the Vendor (which shares represent 97.5% of the issued and outstanding share capital of Grafito, the registered and beneficial owner
Big North Graphite Corp. (TSXV:NRT) sold 125 tons of amorphous graphite in the month of November, with the graphite screened to a ¾ minus product at the Company’s processing facility located in Sonora, Mexico. In preparation for expanding its sales, the Company stockpiled over 500 tons of amorphous graphite.