Graphite Week-in-Review: Galaxy Graphite (52.38%) and Zenyatta Ventures (29.36%) Lead Graphite Market Performers

GraphiteBlog Week-in-ReviewFrom close of market on Friday, June 8, 2012 to close of market Friday, June 15, 2012 our GraphiteBlog sponsors are up an average of +7.62%. Alright, that’s some good news I can live with. Kicking off the group is Galaxy Graphite — up 52.38%, don’t you wish you had a half a million shares of this one? Followed by another stellar performer, Zenyatta Ventures moves +29.36%; supporting Gene Arensberg in his interview we literally just posted where he says it's the second coming of the market from hell; but from a Vulture point of view, it doesn't get very much better than this.

Highlights built for speed:

On June 15, 2012, Galaxy Graphite Corp. (TSXV: GXY) announced the commencement of field work at its Sun Graphite Property and announced that this Phase I work program will consist of prospecting, mapping and sampling to be completed by early July, 2012. (Read more)

Standard Graphite Corp. (TSXV: SGH) announced on June 14, 2012, that results from the electromagnetic (EM) survey conducted on their Preston Property confirmed that the known graphite occurrence is coincident with an extensive conductor. The trend outlined in the survey indicates a more continuous conductor towards the northwest, away from the known occurrence. These results prompted the staking of additional claims further to the northwest. It is anticipated that field crews will mobilize to the area later in June and will prospect the entire conductor axis in search for additional high-grade, large flake graphite occurrences. (Read more)

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On June 13, 2012, Lomiko Metals Inc. (TSXV: LMR) announced that an exploration crew has started sampling and preparing for the upcoming drilling at the Quatre Milles East Property. Lomiko Metals noted that drilling will focus on verifying the areas of historical high-grade graphite intersected previously by Graphicor on the property. (Read more)

Bolero Resources Corp. (TSXV: BRU) also announced that it has entered into an exclusive distribution agreement with GEC (ASIA) Industry Co., Ltd. in China. The agreement gives Bolero Resources exclusive rights to manufacture, market, distribute and sell any and all products in the territory of Canada, United States and Mexico and will give Bolero Resources exclusive distribution rights for 6,000 metric tonnes of the highest quality graphite per year, over the Agreement period of 10 years, with an option to renew for two additional 10-year periods. (Read more)

On application front, one of last week’s most interesting stories, Report that Diesel Fuel Causes Cancer will Boost Alternative Energy Sources and Graphite Demand, noted that the World Health Organization (WHO) now officially categories diesel engine exhaust as carcinogenic. As editor Alessandro Bruno writes, “One of the main effects of the WHO report will be to increase demand for alternative energy sources and, therefore, graphite… The formalization of diesel fuel exhaust as a carcinogen will doubtless lead to stricter regulations, aiming both toward the use of advanced technology to reduce the amount of cancer causing materials and toward the adoption of alternative propulsion, more than likely based on batteries, in hybrid or pure electricity platforms….”

Here’s a chart with the change in share prices to keep track of the movements in the graphite market:             

Image1

Disclaimer: All companies listed in the above chart are GraphiteBlog sponsors.
*Share prices taken on 2012-06-18 from historical price charts available on Google Finance.


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Tracy Weslosky

About Tracy Weslosky

Tracy Weslosky is the Publisher and Editor-in-Chief of InvestorIntel, a leading global investment intelligence source created for the innovative and entrepreneurial minded that represents over 50 publicly listed companies globally that are listed on InvestorIntel.com. Tracy is also the Founder & CEO for ProEdge Media Corp., an online publishing and media production company since 2001; and is the Managing Partner for 724 Capital Corp., a business consulting firm that currently represents U.S. Rare Earths, Inc. Previously she has owned a boutique Investment Banking firm for 7 years that was the basis for a business reality television series called, DealFlow. Aired around the world for 3 years on CNBC World, WealthTV and many other networks globally; Tracy is a speaker, writer and an entrepreneur.

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