USA Graphite Completes Annual and Quarterly Reports -- Sets Stage for Nevada Graphite Exploration Projects
August 13 2013 - 7:00AM
Marketwired
USA Graphite Inc. (OTCQB: USGT) ("USA Graphite"), a publicly traded
U.S. exploration company focused on the acquisition, exploration,
and development of graphite properties in North America, is pleased
to announce that the Company has recently filed its audited Annual
Report on Form 10-K for the year ended February 28, 2013 and its
Quarterly Report on Form 10-Q for the quarterly period ended May
31, 2013. As a result, USA Graphite is now current with all of its
required regulatory filings and obligations.
"Now that we have successfully completed the required annual
audit process and filed our most current financial statements with
regulators, we can move forward with the planned exploration and
development of our portfolio of very promising Nevada graphite
properties," stated Mr. Wayne Yamamoto, President and CEO of USA
Graphite. "Increasing global market demand for large flake graphite
has grown into one of the most exciting opportunities in mining
today, and new developments in technology should continue to
accelerate demand for this product for many years to come. USA
Graphite remains focused on the development of strategic "Made in
the USA" domestic graphite production that will be a key factor to
building and maintaining these new technologies and related
employment within the USA."
The Company anticipates releasing further details regarding the
next stages of exploration and development on its Nevada graphite
projects within the next two weeks.
About USA Graphite:
USA Graphite is a publicly traded U.S. exploration company
focused on the acquisition, exploration, and development of
graphite properties in North America. USA Graphite intends to
establish itself as a strategic domestic graphite supplier in the
United States. The Company is currently advancing graphite projects
in Nevada, offering what the Company believes to be considerable
potential for the discovery of economic reserves of large flake,
high-grade graphite; Blue Wing Mountains (1,985 acres - Pershing
County), Gordon Creek (200 acres - Elko County), and Ruby Mountains
(785 acres - Elko County). For additional information, please visit
http://www.usa-graphite.com.
For further investor information please contact:
USA Graphite Investor Relations E-mail:
investors@usa-graphite.com USA Graphite Website:
www.usa-graphite.com Toll-free: (877) 565-8881
"Safe Harbor" Statement:
Under The Private Securities Litigation Reform Act of 1995: The
statements in the press release that relate to the Company's
expectations with regard to the future impact on the Company's
results from new products in development are forward-looking
statements, within the meaning of the Private Securities Litigation
Reform Act of 1995. Notice Regarding Forward Looking Statements:
This press release includes forward-looking statements that involve
a number of risks and uncertainties, including the success of the
programs it is commercializing and developing. Further, the risks
involve the ability of the Company to raise capital to fund its
operations and the capital requirements for the development and
marketing of its products. Investors are encouraged to review the
risk factors listed or described from time to time in the Company's
filings (10K, 10Qs, S-1, and others) with the Securities and
Exchange Commission.
USA Graphite Investor Relations E-mail:
investors@usa-graphite.com USA Graphite Website:
www.usa-graphite.com Toll-free: (877) 565-8881