Big North Graphite Completes Largest Amorphous Graphite Sale to Date
04.04.2014 | The Newswire
Vancouver, April 4, 2014 / Big North Graphite Corp. (TSX-V: NRT) (OTC: BNCIF) (the “Company” or “Big North”) announces that the Company has completed its largest sale of graphite to date during the month of March. In total, Big North shipped 403 tons of amorphous graphite to a customer within Mexico.Further, Big North shipped amorphous graphite of two different grades. The Company shipped 153.5 tons of an 80% Cg product as well as 249.5 tons of 65-75% Cg. Both grades were sold as semi-processed, run-of-mine and sold in Mexico.
Spiro Kletas, Big North Graphite President commented, “We are pleased to report our largest sale to date of amorphous graphite. As previously stated, one of the Company’s goals is to significantly increase our amorphous graphite business. This sale represents a significant volume increase and our goal is to continue to improve our processing capability, secure off-takes and further increase sales volume. Further, we are pleased to have shipped two different grades for the first time, a milestone for Big North.”
The amorphous graphite that was produced, processed and sold came from a combination of purchased graphite from local feed mines and the Company’s Nuevo San Pedro project, all located in Sonora Mexico.
Big North, through its Mexican subsidiary Grafito la Barranca SA de CV, holds a 100% interest in the Aki Wiki concession and has a 50/50 joint venture on the Nuevo San Pedro Project. Both concessions are located in the San Jose de Moradillas region, a region that has produced graphite for more than 100 years. San Jose de Moradillas is located approximately 45 kilometers southeast of the city of Hermosillo, Mexico.
About Big North Graphite Corp.
Big North is a graphite development and exploration company focused on select projects in Mexico and Canada. The Company acquired three past producing amorphous graphite mines in Sonora, Mexico and is working towards accelerating the restart of the Nuevo San Pedro amorphous graphite mine. Big North is currently in the Test Mining phase at Nuevo San Pedro and has completed sales of amorphous graphite totaling 760 tons to date.
Big North Graphite recently announced the acquisition of the past producing El Tejon flake graphite mine and mill in Oaxaca, Mexico. Big North is poised to capitalize on the increasing strategic demand for graphite throughout the world, a demand that is being driven by the growth in new, green technologies including the lithium ion batteries that are being used in hybrid and fully electric vehicles.
Big North also owns high priority, large flake graphite exploration projects in Ontario and Quebec, Canada.
For further information please contact Spiro Kletas at (604) 629-8220.
ON BEHALF OF THE BOARD
(signed) “Spiro Kletas”
Spiro Kletas, President and Chief Executive Officer
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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Except as required pursuant to applicable securities laws, the Company will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by the Company.