Big North Graphite Completes Largest Amorphous Graphite Sale to Date
04 April 2014 - 11:29PM
Access Wire
Vancouver, B.C. / ACCESSWIRE /
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
Facebook: https://www.facebook.com/bignorthgraphite
Twitter: https://twitter.com/NRTgraphite
YouTube: http://www.youtube.com/bignorthgraphite
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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.
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