Corporate update on Ambato-Arana Graphite
908 – 510 Burrard Street
Vancouver, B.C. V6C 3A8
Corporate update on Ambato-Arana Graphite Mine
LION CSE GBBGF. OTCQB 0TD. F
Vancouver, British Columbia, Canada (April 14, 2022) – Global Li-Ion Graphite Corp.
(“Global Li-Ion” or, the “Company”) (CSE: LION) would like to take this opportunity to update
its shareholders and interested parties. After almost a year of delays due to COVID-19 lockdown
restrictions the Company is pleased to announce that as part of gearing up to putting the first of
three pits back into production, LION has established contacts with key community leaders in
the area of its Ambato-Arana graphite mine project and has held a series of public meetings with
the people who live in the administrative regions around the project area. Through these
meetings and break-out sessions:
- Lion presented its project plans and has been sensitized with regards to local
expectations, sensitivities and requirements
- Local people voiced their hopes in terms of the positive impacts of the project
- Individuals specifically affected by the project, including landowners and those who
use project lands discussed requirements in terms of their continued access and use
and, where relevant, rental and future rehabilitation by Lion
- A framework for community support was agreed including:
o Support and improvement to local education and health services
o Support to expanding availability of potable water and sanitary facilities
o Sponsorship of cultural and sporting events
o Maintenance of tracks and trails used by the local population in the project
area
o Provision of employment and training
o Use of local suppliers
- A framework for dispute resolution was also agreed to.
These meetings resulted in the local communities and their leaders committing their full support
for LION and the Ambato-Arana project. Sam Malin, Chief Operating Officer adds “we are very
pleased to have reached this milestone and will continue to work with the Malagasy Mining
authorities to restart production of high quality graphite from the Ambato-Arana Mines.”
About Ambato-Arana Graphite Mine, Madagascar
The 3 forty -year renewable mining exploitation licenses that comprise the Project total 4,375
hectares (10,811 acres) are located in the vicinity of Andasibe in Toamasina Province in
Madagascar, 20 km to the southwest of Sheritt’s large-scale nickel/cobalt laterite open pit mine at
Ambatovy and 15 km northeast of the town of Moramanga from which national highway RN2
connects with capital city Antananarivo (114 km) and Madagascar’s main port of Toamisina
(Tamatave) (240 km). Graphite was produced on the licenses, at a modest rate constrained by
the technology employed on the licenses at that time, for roughly a century from 1910. Production
was suspended by the previous owners due to a slump at the time in Global Graphite markets
and with the deposits only partially mined. The deposits are now ready for larger scale exploitation
with modern production techniques. They lie within the graphitic horizons of the highly prospective
Manampotsy Formation and are associated with topographic highs that are exploited via free
digging of lateritic ore and open pit mining, providing a lower cost exp loitation without need for
blasting. The graphite mineralization on the Project appears within well-defined north-south belts
with interbedded graphite-rich friable layers. The geological layers of interest have continuity of
several kilometres and exhibit a shallow dip angle. Sample data indicate good grade (up to 10%
carbon content with some samples up to nearly 14%) and large flake (jumbo size) consistent with
other nearby mines e.g. Gallois (Elate Graphite), Sahamamy & Vatomina (Tirupati Graphite) and
DNI Metals’ Vohitsara (DNI Metals).
General Corporate Matters
The Company would also like to announce it has reset 2 .5 million incentive stock options that
expired Feb 20, 2022. The new options will be set at $0.12 for a period of two years expiring April
10th 2024.
Further information about Global Li -Ion is available under its profile on the SEDAR website ,
www.sedar.com, on the CSE website , www.thecse.com, and the Co mpany’s website ,
www.globalli-iongraphite.com.
For Further information about the Company, please contact:
Jason Walsh
Director & Officer
Global Li-Ion Graphite Corp.
Telephone 604.608.6314
Email: [email protected]
Neither the Canadian Securities Exchange nor its regulation services provider have reviewed or
accept responsibility for the adequacy or accuracy of this press release.
Forward-Looking Information:
This press release contains forward-looking statements. The use of any of the words “anticipate”,
“continue”, “estimate”, “expect”, “may”, “will”, “project”, “intend”, “believe” and similar expressions
are intended to identify forward -looking statements. Although the Company believes that the
expectations and assumptions on which the forward -looking statements are based are
reasonable, undue reliance should not be placed on the forward-looking statements because the
Company can give no assurance that they will prove to be correct. Since forward -looking
statements address future events and conditions, by their very nature they involve inherent risks
and uncertainties. These statements speak only as of the date of this press release. Actual results
could differ materially from those currently anticipated due to a number of factors and risks
discussed in the Company's Management's Discussion and Analysis under the Company's profile
on www.sedar.com. While the Company may elect to , it does not undertake to update this
information at any particular time.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the
securities in the United States. The securities have not been and will not be registered under the
United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state
securities laws and may not be offered or sold within the United States unless registered under
the U.S. Securities Act and applicable state securities laws or an exemption from such registration
is available.