Mason Graphite Shares Industrial Minerals Article Explaining Impact of Tesla's New Plans on the Graphite Market: Need of 6-9 ...

Date : 03/10/2014 @ 8:08PM
Source : PR Newswire (Canada)
Stock : Mason Graphite Inc. (QX) (MGPHF)
Quote : 0.15625  -0.00078 (-0.50%) @ 4:01PM

Mason Graphite Shares Industrial Minerals Article Explaining Impact of Tesla's New Plans on the Graphite Market: Need of 6-9 ...

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MONTREAL, March 10, 2014 /CNW/ - Mason Graphite Inc. ("Mason Graphite" or the "Company") (TSXV: LLG) (OTCQX: MGPHF) invites investors to read an article published by Industrial Minerals, one of the most credible sources of graphite intelligence, explaining the impact of Tesla's new plans on the graphite market.

US automotive giant, Tesla, revealed plans to build a new $5 billion lithium-ion battery factory forecasted to reach production in 2017. According to Industrial Minerals (IM), the output of this new factory would more than double the size of the current market and the graphite industry would likely be the beneficiary of this growth. In IM's calculations, demand for natural flake graphite could increase by 37% by the year 2020, requiring equivalent production from six to nine new graphite mines.

Please follow this link to read the full article on Industrial Minerals' website:

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This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation, including, without limitation, statements regarding the potential impact of Tesla's plans on the graphite market.  Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "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 to be materially different from those expressed or implied by such forward-looking information, including but not limited to general business, economic, competitive, geopolitical and social uncertainties. Although Mason Graphite has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward‑looking information. Mason Graphite does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

SOURCE Mason Graphite Inc.

Copyright 2014 Canada NewsWire

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