Great Lakes Graphite Micronization Facility Ready for Re-Start
TORONTO, ONTARIO--(Marketwired - Nov 11, 2015) - Great Lakes Graphite Inc. ("GLK" or the "Company") (TSX VENTURE:GLK)(OTC PINK:GLKIF)(FRANKFURT:8GL) announced today that preparations at the Matheson Micronization Facility for recommissioning are nearing completion. The three 300HP micronization units were returned to the Facility this week following their refurbishment by the original equipment manufacturer, Classifier Milling Systems, in Orangeville, Ontario. The units were modified to include additional grinding hammers and to be capable of faster rotation in order to achieve the very fine micron grades GLK will be producing for its North American customers.
In addition, the Company took delivery this week of a 27600 volt to 600 volt transformer which will enable the connection of the Facility to the electrical grid. Photographs of these activities are posted on the website: http://www.greatlakesgraphite.com/?page_id=2391
Great Lakes COO Jerry Janik commented on the progress at the facility, stating "With the mills back in place and now capable of high-speed production, the Company is now positioned to complete all of the tasks required through re-commissioning of the Facility. Design of plant operations and plans for refurbishing and restarting the mill are being done in accordance with lean principles thereby positioning the project for early success and maximum efficiency. The first shipment of -100 mesh +95% C(g) graphite feedstock is currently at the facility and will be processed upon receiving the Air & Noise permit amendment."
Mechanical work and modification at the Matheson plant, including preparations for re-installation of the CMS units, ducting, cyclone installation, and other general mechanical and repair work required to bring the facility to operational capacity have been underway for the past several months. Completion of the electrical upgrades and components will now enable the proper supply of lighting, power and heating to the mill. A primary focus of the mill refurbishment has been efficiency, an example being the LED lighting chosen for the interior of the Facility that provides excellent lighting while consuming only minimal power.
CEO Paul Gorman said, "We have been working as quickly as possible over the past eight months to capitalize on an opportunity to enter the value-added graphite products market and begin generating revenue in the near term. Much of that work has now been successfully completed and we are ready to move into the next phase. We are grateful to the local businesses including our construction partners who have been working closely with us to prepare the Facility and also to the community of Matheson for their ongoing enthusiasm and support."
About Great Lakes Graphite: Great Lakes Graphite Inc. is an industrial minerals company focussed on bringing value-added carbon products to a well-defined market.
The Company's Innovation Division has entered into long-term agreements for use of the Matheson Micronization Facility and for supply of high quality natural graphite concentrate (see news release dated 03/23/15) which are positioning Great Lakes Graphite to become an emerging domestic manufacturer and supplier of micronized products to a growing regional customer base where pricing and demand continue to rise.
Further information regarding Great Lakes can be found on the Company's website at: www.GreatLakesGraphite.com.
Great Lakes Graphite trades with symbol GLK on the TSX Venture Exchange and currently has 97,974,075 shares outstanding (133,886,812 fully diluted).
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact
Great Lakes Graphite Inc.
Paul Ferguson
Chief Marketing Officer
1-800-754-4510 x106
PFerguson@GreatLakesGraphite.com
Great Lakes Graphite Inc.
Paul Gorman
Chief Executive Officer
1-800-754-4510 x109
PGorman@GreatLakesGraphite.com
www.GreatLakesGraphite.com