Mason Graphite Redefines the Notion of Fully Integrated Graphite Project
December 17 2020 - 11:37AM
Mason Graphite inc. ("Mason Graphite" or the
“Company") (TSX.V: LLG; OTCQX: MGPHF) presented the progress of its
integrated project to the industry’s stakeholders at the virtual
conference Benchmark Week 2020, organized by Benchmark Mineral
Intelligence on December 7, 2020. Ultimately, the Company expects
that all the ore extracted from the mine will be converted into
commercial products, meaning that no residue from the concentrator
will be stockpiled on the site (see attached image).
The presentation made during the Benchmark Week
2020 Conference is available on the web site of the Company
(www.masongraphite.com).
A visionary project, well aligned with
recent governmental plans
While Mason Graphite has already been working
for years on the development of a fully integrated project (1st and
2nd transformations and tailings valorization), the Quebec
Government recently announced several initiatives along the same
lines, thus reinforcing the vision of the Company:
- The
Quebec Plan for the Valorization of Critical and Strategic
Minerals, which graphite is, aims to make Quebec a leader
in the production, processing and recycling of critical and
strategic minerals, in partnership with regional communities and
First Nations, and where the innovative vision of the Company
regarding the valorization of 100% of its residues supports the
concept of sustainable development and circular economy;
- The Plan
for a Green Economy, which, among other things,
prioritizes the electrification of transportation, and to which
Mason Graphite can contribute to achieving the objective of an
increased number of electric vehicles in Quebec (graphite is an
essential material for Li-ion batteries used in electric
vehicles);
- Finally, the
project also responds to the priorities and objectives favoured by
the Northern Plan of the Government of Quebec: the
concentrator for the 1st transformation of graphite from Lake
Guéret will be built in Baie-Comeau, located north of the 49th
parallel, in accordance with Quebec's desire to “live in the north”
and promote a strong and diversified economy in addition to an
attractive and dynamic living environment.
The Advantages of Mason Graphite’s
Project
- Project with a
very low environmental footprint, thanks to the high grade of the
deposit (27.8% Cg on average for the first 25 years of production),
to access to hydroelectricity, to non-polluting processes and to
tailings valorization;
- Strong social
acceptance by local communities and First Nations (IBA signed with
Pessamit);
- Deposit holding
65.5 Mt of mineral resources at 17.2% Cg, one of the most important
and richest deposits known;
- First
transformation project with very low risk, ready to build:
- Detail
engineering done at 75%, which significantly strengthens the
construction costs estimate (CAPEX);
- Main process
equipment already on site, thus eliminating a major construction
schedule;
- Land for the
concentrator owned by the Company;
- All permits
required to begin construction in hand;
- Coated spherical
graphite project for Li-ion batteries well advanced:
- Processes for
purification, shaping and coating demonstrated at pilot scale;
- Product produced
at pilot scale currently undergoing cycling tests, with excellent
results (see Press Releases of December 3 and 15, 2020), testing
still underway to estimate full life expectancy;
- Tailings
valorization processes tested at pilot scale, applications for the
commercial products under development.
Consent of the Qualified
Person
Jean L'Heureux, Eng., M. Eng., COO for Mason
Graphite, and a Qualified Person, as defined by NI 43-101 for Mason
Graphite, was responsible for the audit of data presented in this
press release and read and approved it.
About Mason Graphite
Mason Graphite is a Canadian corporation
dedicated to the production and transformation of natural graphite.
Its strategy includes the development of value-added products,
notably for green technologies like transport electrification. The
Company also owns 100% of the rights to the Lac Guéret graphite
deposit, one of the richest in the world. The Company is managed by
an experienced team cumulating many decades of experience in
graphite, covering production, sales, as well as research and
development.
For more
information: www.masongraphite.com
Mason Graphite Inc. Ana Rodrigues
at info@masongraphite.com or 1 514 289-3580Head Office:
3030, boulevard Le Carrefour, suite 600, Laval, Quebec, Canada, H7T
2P5
Cautionary Statements
This press release contains "forward-looking
information" within the meaning of Canadian securities legislation.
All information contained herein that is not clearly historical in
nature may constitute forward-looking information. Generally, such
forward-looking information can be identified by the use of
forward-looking terminology such as "plans", "expects" or "does not
expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would", "might"
or "will be taken", "occur" or "be achieved". Forward-looking
information is subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of
activity, performance or achievements of the Company to be
materially different from those expressed or implied by such
forward-looking information, including but not limited to: (i)
volatile stock price; (ii) the general global markets and economic
conditions; (iii) the possibility of write-downs and impairments;
(iv) the risk associated with exploration, development and
operations of mineral deposits; (v) the risk associated with
establishing title to mineral properties and assets; (vi) the risks
associated with entering into joint ventures; (vii) fluctuations in
commodity prices; (viii) the risks associated with uninsurable
risks arising during the course of exploration, development and
production; (ix) competition faced by the resulting issuer in
securing experienced personnel and financing; (x) access to
adequate infrastructure to support mining, processing, development
and exploration activities; (xi) the risks associated with changes
in the mining regulatory regime governing the resulting issuer;
(xii) the risks associated with the various environmental
regulations the resulting issuer is subject to; (xiii) risks
related to regulatory and permitting delays; (xiv) risks related to
potential conflicts of interest; (xv) the reliance on key
personnel; (xvi) liquidity risks; (xvii) the risk of potential
dilution through the issue of common shares; (xviii) the Company
does not anticipate declaring dividends in the near term; (xix) the
risk of litigation; and (xx) risk management.
Forward-looking information is based on
assumptions management believes to be reasonable at the time such
statements are made, including but not limited to, continued
exploration activities, no material adverse change in metal prices,
exploration and development plans proceeding in accordance with
plans and such plans achieving their stated expected outcomes,
receipt of required regulatory approvals, and such other
assumptions and factors as set out herein. Although the Company has
attempted to identify important factors that could cause actual
results to differ materially from those contained in the
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such forward-looking information will prove to
be accurate, as actual results and future events could differ
materially from those anticipated in such forward-looking
information. Such forward-looking information has been provided for
the purpose of assisting investors in understanding the Company's
business, operations and exploration plans and may not be
appropriate for other purposes. Accordingly, readers should not
place undue reliance on forward-looking information.
Forward-looking information is made as of the date of this press
release, and the Company does not undertake to update such
forward-looking information except in accordance with applicable
securities laws.
Neither 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.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/b80d8a5c-0c6e-4c0f-956f-4d1670d99c9f
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