SRG Graphite Signs MOU with Great Lakes Graphite for Supply of Graphite Concentrate
SRG Graphite Inc.
Suite 132, 1320 Graham,
Ville Mont-Royal, Québec
H3P 3C8
PRESS RELEASE NR 2017-18
FOR IMMEDIATE RELEASE
SRG Graphite Signs MOU with Great Lakes Graphite for
Supply of Graphite Concentrate
Montreal, Quebec, November 7 , 2017 – SRG Graphite Inc. (TSXV: SRG) (“SRG” or the
“Company”) today announced that SRG’s subsidiary, SRG Graphite International Inc. (“SRGI”)
and Great Lakes Graphite Inc. (“GLK”) ( TSXV:GLK, OTC PINK:GLKIF, FWB:8GL) ( SRGI and
GLK collectively, the “Companies”) have executed a Memorandum of Understanding (“MoU”)
whereby the Companies agree to work towards negotiating a supply agreement from SRG’s Lola
Deposit located in Guinea, West Africa.
Highlights
● SRGI and GLK have executed a n MoU regarding the potential supply of between 5,000
and 20,000 tons of natural flake graphite per annum.
● The MoU Confirms continued interest in SRG’s graphite concentrate.
The MoU calls for the Companies to work towards establishing a potential supply agreement.
For GLK, the agreement represents the opportunity to expand the number of product offerings
and enter new markets. The MoU specifies that the Companies will seek to negotiate an
agreement for the annual supply of between 5,000 and 20,000 tons of natural flake graph ite
concentrate.
SRG is developing a high -quality graphite deposit in Guinea, West Africa. The Lola Graphite
deposit is located approximately 1,000 kilometers east of Conakry, the capital of the Republic of
Guinea. The first 20 meters or so of the deposit are well weathered (lateralized), freeing
graphite flakes from the silicate gangue and thus allowing for easy grinding and optimal
recovery of all large and jumbo flakes. The graphite mineralization continues at depth within the
non-weathered sheared gneiss.
Metallurgy
• Lola graphite has favorable ash composition and the comparably low efforts required to
attain high carbon grades.
• The graphite is seemingly suitable for highly demanding applications like Lithium Ion
batteries or synthetic diamonds.
• The purification performed was “mild” compared to the “harsh” purification usually
applied for Lithium -Ion battery grade, thereby attesting again to the likelihood that the
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material will be very suitable for such an application.
• The volatiles are low, oxidation resistance is very high and the specific surface area is in
the normal range.
• The graphite from the Lola deposit has a high bulk density (>700 g/l); typical Chinese
graphite has bulk densities of 450-550 g/l for +80 mesh.
• Doftner-Anzaplan from Germany reported that bulk density, tap density, morphology,
chemical purity and specific surface area of the spherical graphite product obtained from
SRG’s Lola graphite deposit are similar to typical spherical graphite products in the
market. The produced graph ite concentrate is well suited for generating anode material
for lithium-ion battery.
The arrangement can provide a potential source of high quality large and jumbo flake graphite
that will enable the GLK to expand the number of high value products that can be offered to
their customers. GLK’s CEO Paul Gorman said, “We are very excited to be working with SRG
Graphite. They are an extremely capable group that is developing a highly attractive project.
Due to the indications that we are getting from custome rs as we progress through our product
qualifications, we understand that it is imperative for us to be able to demonstrate that we have
access to the supply chains required to service very large customers.”
ABOUT GREAT LAKES GRAPHITE
Great Lakes Graphite is a Clean Technology Minerals Processing Company supplying
customers with innovative, high quality value -added carbon products. Through our partner
relationships, G LK began selling micronized synthetic graphite in 2016 and n ow supplies
micronized and high -purity micronized natural flake graphite products to a growing customer
base.
ABOUT SRG
SRG is a Canadian-based company focused on developing the Lola Graphite deposit, located in
the Republic of Guinea, West Africa. SRG is committed to operate in a socially, environmentally
and ethically responsible manner.
For additional information, please visit SRG’s website at www.srggraphite.com.
For more information contact:
SRG Graphite Inc. (SRG)
Dr. Marc-Antoine Audet, President & CEO
Tel.: (514) 726-4158
Email: [email protected]
Jean-Paul Blais
NXT Communications
Tel.: +1 (514) 867-7447
Email: [email protected]
The technical information in this release has been reviewed and approved by Dr. Marc-Antoine
Audet, P.Geo, President and CEO, SRG and a “qualified person” as defined by National
Instrument 43-101, Standards of Disclosure for Mineral Projects.
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Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of
the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This release contains forward-looking statements. Although SRG believes that the expectations
reflected in these forward-looking statements are reasonable, undue reliance should not be
placed on them because SRG can give no assurance that they will prov e to be correct. Since
forward-looking statements address future events and conditions, by their very nature they
involve in herent risks and uncertainties. Forward-looking statements include words or
expressions such as “potential”, “confirms”, “continued”, “opportunity”, “expands”, “will”,
“develop”, “can” “enable”, “projected”, “targeting”, “pursuing”, “growth”, “opportunities” and other
similar words or ex pressions. Factors that could cause future results or events to differ
materially from current expectations expressed or implied by the forward -looking statements
include the ability to negotiate and enter into a definitive off -take agreement, the ability to bring
the Lola deposit to production, the ability to produce between 5,000 and 20,000 tons per year of
concentrate, the ability to execute on our strategic focus, fluctuation in the price of currencies,
operating costs, price of graphite concentrate, mining industry risks, uncertainty as to calculation
of mineral reserves and resources, delays, political and social stability in Africa and in Guinea
(including our ability to maintain or renew licenses and permits) and other risks described in
SRG’s documents filed with Canadian securities regulatory authorities. Additional information on
these and other factors that could affect SRG’s operations and financial results are included in
reports on file with Canadian securities regulatory authorities and may b e accessed through the
SEDAR website ( www.sedar.com). SRG disclaims any obligation to update or revise these
forward-looking statements, except as required by applicable law.