Got this today. Quebec Government handing out money to Graphite Mine Deposits. --Steakhouse
ZEN should get millions in Grants for their one of kind deposit don't you think.
Focus Graphite Awarded $350,000 Grant from the Québec Government to Develop a Geometallurgical Model of its MOGC graphite deposit, at Lac Tétépisca, Québec
KINGSTON, ONTARIO, June 16, 2022 - Focus Graphite Inc. (TSX-V:FMS, OTCQX: FCSMF, “Focus” or the “Company”) is pleased to announce that it has been awarded a grant of up to $350,000 by Québec’s Ministry of Energy and Natural Resources (“MERN”). The grant will be used to finance a geometallurgical study of the Company’s Manicouagan-Ouest Graphitic Corridor (“MOGC”) graphite deposit at its Lac Tétépisca project. The Lac Tétépisca project is located in the southwest Manicouagan Reservoir area of Québec’s Côte-Nord region, on the Nitassinan of the Pessamit Innu First Nation.
The grant award is part of the MERN’s program to support mineral exploration for minerals needed for green and renewable energy technologies as outlined in its 2020-2025 Plan for the Development of Critical and Strategic Minerals.
“We are delighted to receive the financial support of the Québec Government as we endeavour to advance our MOGC graphite deposit to the next stage of the mineral resource appraisal process, “said Marc Roy, President and CEO of Focus Graphite.
The funding will be used to conduct a series of mineralogical, metallurgical, and geoenvironmental tests, the results of which will be integrated with geological, geochemical, and geostatistical information to create a spatially based predictive model of the MOGC deposit. Potential applications of the predictive model include mapping the in-situ distribution of flake sizes and flake value; mapping the distribution of potentially acid generating (PAG) sulphide minerals; and identifying metallurgical processing attributes that will affect the purity of the graphite concentrates along with the recovery of value-added coarse (+48 mesh) flake.
“By developing the geometallurgical model, we hope to advance our understanding of our MOGC graphite deposit and determine what it will take to develop it as a source of high-quality high purity flake graphite materials to supply the expanding electric vehicle (EV) battery market, as well as other applications for which graphite concentrates of the highest quality are required,” added Mr. Roy.
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