Alabama Graphite and The University of Alabama Formally Engage in Research Collaboration
November 11, 2014 (Source: Accesswire) — Alabama Graphite Corp. (“Alabama Graphite” or the “Company”) (TSXV:ALP) (OTCQX:ABGPF) (FRANKFURT: 1AG WKN: A1J35M) (ISIN# CA0102931080) is pleased to announce that it has been collaborating under a Sponsored Research Agreement with The University of Alabama. The Company has teamed up with the lab of Dr. Nitin Chopra, Associate Professor in the Metallurgical and Materials Engineering Department at The University of Alabama.
The Research Agreement commenced in July of 2014 and has been focused on characterization of graphitic material from the Company’s Coosa Project, located in Coosa County, Alabama, USA. The collaborative work is focused on understanding the structure, properties and purification parameters of natural flake graphite from Alabama. This work is a necessary precursor for developing potential commercial applications for the Company’s defined graphite resource.
Dr. Chopra is a leading expert in carbon materials research and is well known for his work in carbon chemistry, synthesis and applications. He has dedicated his lab extensively to this research collaboration over the past months.
“Carbon materials, especially graphite, have been the essence of my research for quite a while,” Dr. Chopra commented. “For an individual that is used to working with synthetic carbon, finding a natural graphite partner in my backyard is truly exciting. We have been pleasantly surprised by the similarities of Alabama’s natural flake graphite to the synthetic carbon materials we previously used in our studies. The natural flake’s physical and chemical characteristics allow for simple and facile processing – an advantage over synthetic graphite’s energy-intensive production methods. This opens up wider potential for commercial development for natural flake than can be afforded by the synthetic derivative. I describe the natural graphite in Alabama as ‘black gold’ because our preliminary studies indicate the potential of extracting exotic carbon material from the graphite ore.”
“We are excited about developing a public/private partnership that could re-establish the carbon industry in the State of Alabama,” commented Ron S. Roda, CEO. “Having a carbon expert with the relevant facilities located right in our ‘backyard’ has been invaluable to the Company. It is the Company’s objective to not only be a supplier of natural flake graphite but also to develop technologies/applications based on graphite/carbon based materials to deliver value-added returns to our shareholders.”
About Alabama Graphite:
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Alabama Graphite Corp.’s mission is to become one of the greenest graphite producers in the world. The Company, through its wholly-owned subsidiary, Alabama Graphite Company Inc., is conducting exploration and development both at its flagship Coosa Graphite Project in Coosa County, Alabama, USA and the recently acquired Bama Mine Project in Chilton County, Alabama, USA. These two advanced-stage projects are 100% owned by Alabama Graphite and are on private land. The two projects encompass over 43,000 acres and are located in an area with significant historical production of crystalline flake graphite. The Company has the largest NI 43-101 indicated flake graphite resource in the United States based on drilling 0.18 square miles (0.3% of the total acreage). The Alabama deposits are unique in that a significant portion of the graphite-bearing material is oxidized and has been broken down into an extremely soft rock. Both projects have in place critical infrastructure, are within close proximity to transportation routes and enjoy a hospitable climate allowing for year-round production and delivery. For further information and updates on the Company please visit www.alabamagraphite.com.
ALABAMA GRAPHITE CORP.
Ron S. Roda
President & Chief Executive Officer
Disclaimer for Forward-Looking Information
This press release contains forward-looking information under applicable Canadian securities laws (“forward-looking statements”) that are based on the beliefs of management and reflect Alabama Graphite Corp.’s current expectations. When used in this press release, the words “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should” and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements. Such statements reflect the current view of Alabama Graphite Corp. with respect to risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements.
By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among other things, the interpretation and actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of graphite; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of exploration, as well as those factors disclosed in the Company’s publicly filed documents. Forward-looking statements are also based on a number of assumptions, including that contracted parties provide goods and/or services on the agreed timeframes, that equipment necessary for exploration is available as scheduled and does not incur unforeseen breakdowns, that no labour shortages or delays are incurred, that plant and equipment function as specified, that no unusual geological or technical problems occur, and that laboratory and other related services are available and perform as contracted.
Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and Alabama Graphite Corp. undertakes no obligation to update forward-looking statements (unless required by law) if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.
Alabama Graphite Corp cautions that the foregoing list of material factors and assumptions are not exhaustive. When relying on Alabama Graphite Corp. forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and assumptions and other uncertainties and potential events. Alabama Graphite Corp. has also assumed that the material factors and assumptions will not cause any forward-looking statements to differ materially from actual results or events. However, the list of these factors and assumptions is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.
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