Great Lakes Graphite Inc. is a Canadian public company, headquartered in Toronto, Ontario, that trades on the Toronto Stock Exchange ( GLK) and the OTC Pink Markets in the United States ( GLKIF). Great Lakes is an emerging Industrial Minerals junior that is positioning itself to be a supplier of high quality, large flake, crystalline graphite for use in a range of new and traditional applications, including the fast-growing lithium-ion battery sector. www.greatlakesgraphite.com
Graphite has moved to the forefront of the Industrial Mineral World as a Critical Mineral required for industrial use and as a major component in the development of new technologies. With the advancement of battery storage, mobile battery systems and alternative energy infrastructure, it is estimated that 20 new graphite flake mines will be required to keep up with demand by the year 2020.
As there are currently no graphite mines producing in North America, Great Lakes Graphite has the ability to become one of the first producers to supply a growing regional customer base that requires high quality flake graphite, where pricing and demand continue to rise.
LOCHABER GRAPHITE PROPERTY
A 43-101 compliant technical resource confirms that Great Lakes' flagship Lochaber Graphite Property is highly prospective for large flake, crystaline graphite, and has a record of production dating back to the late 1800s. The road-accessible property, located close to end user markets and key infrastructure is ideally suited to Great Lakes' small footprint, low CAPEX approach. The company is moving quickly to outline a resource at Lochaber, and is drilling right now to update its 43-101. SRK Consulting has been engaged to carry out this work.
- Highest quality natural Crystalline Flake in North America
- Excellent ratio of high value Jumbo and Large flake (bulk sampled at 57% Large Flake, including 44% Jumbo)
- Purity tests results: 94%-96.5%
- Excellent minerals beneficiation and easy floatation process
- Close to customers and infrastructure - port, water, power and labor, amenable to year-round operations
- Two past producing graphite mines, three historical graphite occurrences
- Over 7,000m of drilling in 2012/13, and over 600m being drilled right now
- NI 43-101 resource estimate due 1Q15
- Property is well suited for a mill modularly scaled to grow as company acquires more customers
Our approach is designed to facilitate the sales and marketing of graphite products to a base of regional customers. The company is targeting applications requiring high purity, high value graphite products. Our mineral extraction and processing operations will supply the raw material to our purification operations that will produce the graphite products we deliver to our customers.
A key differentiator is apparent in our production strategy that incorporates a small footprint, low CAPEX approach, guided by Lean Mining principles. We believe significant advantages flow from combining modular, scalable technology with production best practices to generate high margins in multiple, moderate tonnage operations. From environmental impact to operating costs, small footprint offers obvious benefits. Above all, we believe that our approach is the one that creates the shortest path to production.
GLK Innovations is a newly formed, wholly-owned subsidiary of Great Lakes Graphite Inc., created to address specific downstream value-add opportunities in Micronization and Purification
The website can be found here, and there's mention of it in the newest corporate presentation, however GLK Innovations hasn't been formally press released. The slide in the presentation reads "moving up the value chain, through vertical integration." I know John Carter (pictured above) has been out of the country on business, so I'm curious to find out what exactly is developing here.
DECEMBER 2014 LOCHABER DRILL PROGRAM PHOTOS
These are some of the latest photos that have been put on the company website of the drill program that is currently underway: