Last week share prices of GraphiteBlog sponsors were down an average of 5.67% from close of market on Friday, June 15, 2012, to close of market on Friday, June 22, 2012. Corporate news from the graphite industry, however, continues to show that graphite projects are advancing to meet growing demand. This morning, Standard Graphite Corp. (TSXV: SGH) announced the approval of the option agreement to acquire the Mousseau East Deposit located in Quebec. The official news release titled, Standard Graphite Receives Approval for Option to Acquire Historical Resource at Mousseau East Deposit in Quebec notes, “Standard Graphite now intends to conduct strategic exploration with the aim of building a NI 43-101 compliant resource by upgrading the historical non-compliant resource on the property.”
On Thursday, June 21, 2012, AMG Advanced Metallurgical Group’s (AMS: AMG), subsidiary, Graphit Kropfmuehl (GK) AG announced that its graphite mine in Kropfmuehl, Germany has reopened due to increasing demand for high purity natural graphite and global price developments. GK will process 25,000 tonnes of graphite per year that originates from Africa, Asia and other market sources. Further, GK intends to extract 300 tonnes of graphite from the Kropfmühl mine in 2012, increasing to approximately 1,300 tons in 2013 (read more). Editor Alessandro Bruno writes, “Kropfmühl is one of the oldest continuous production graphite companies in the world, having accumulated 140 years of activity in this space. GK’s resumption of activity at its original mine in Germany and its development of other promising resources in other continents provide ample testament to the Company’s confidence in a growing demand for high quality natural graphite.”
Lomiko Metals Inc. (TSXV: LMR) also announced on June 21, 2012, that they have received a drilling permit for their Quatre Milles East property and that they are currently preparing for upcoming drilling at the property that will focus on verifying the areas of historical high-grade graphite intersected previously by Graphicor (read more).
Galaxy Graphite Corp. (TSXV: GXY) announced on Monday, June 18, 2012, that field work has begun at the Laurier graphite property in Ontario. The results of this work will be used to develop drill targets and a prospecting, mapping and sampling program is expected to follow (read more). On Friday, June 15, 2012, Galaxy Graphite also announced that field work has begun at the Sun graphite property in Quebec. This Phase 1 work program will consist of prospecting, mapping and sampling, and is anticipated to be completed by early July, 2012. This work will be followed by a Phase 2 program, with a planned 3000 meters of diamond drilling. Drilling will commence as soon as all of the necessary permits are received (read more).
Last week we also posted an interview with Gene Arensberg, Sr. Editor and Publisher of the GotGolgReport called, The Second Coming of the Market From Hell — A Good Thing. On the application side, graphite and graphene continue to outperform other materials and Editor Graeme Irvine consistently keeps us up to date on the most recent developments. On June 24, 2012, in his article titled, Nano-Carbon Microbial Fuel Cells, Graeme writes, “Hardly a week goes by without some amazing technology new advance getting announced, and last week was more of the same, with one difference… I suspect that we haven’t heard the last from the graphene researchers…”
Here are the share prices of GraphiteBlog sponsors to keep track of weekly changes in the graphite market:
*Prices taken from historical price charts available from Google Finance on 2012-06-22.
Disclaimer: Standard Graphite Corp., Lomiko Metals Inc. and Galaxy Graphite Corp. are GraphiteBlog sponsors. All companies listed in the above chart are GraphiteBlog sponsors.