USA Graphite Inc. on the Hunt for Additional High Quality Graphite
LAS VEGAS, NEVADA -- (Marketwire) -- 12/14/12 -- USA GRAPHITE INC.
(OTCQB:USGT) (or "The Company") is currently reviewing high quality
graphite targets in the Southwest sector of the USA.
The Company looks to add projects that can host large tonnage high
carbon content flake graphite. This type of graphite is particularly
valuable for lithium ion battery and graphene production.
Due to the Company's recent successful and expedient acquisition
campaign, USA Graphite has generated a steady stream of new projects
to evaluate. Wayne Yamamoto, CEO of USA Graphite comments:
"Shareholders will be updated on a timely basis. It is important to
the Company that its Shareholders are current with the progress we
are making in an effort to be the USA's dominant domestic graphite
USA Graphite firmly believes that the demand for graphite is growing
at a feverish pace due to the myriad of new applications powering the
technology advancements of the present day and the future. This view
is backed by recent news releases by world class companies across a
broad range of multi-billion dollar industries such as Samsung
Electronics and Dell Computers in the technology sector, Tesla
Motors, General Motors and BMW in the automotive sector and Chinese
government statements of pebble bed nuclear reactor initiatives (the
pebble bed reactor (PBR) is a graphite-moderated, gas-cooled, nuclear
-- Graphite is used in refractories - used to line high-temperature
equipment; pencils; lithium-ion batteries - used in consumer electronics
and electric vehicles, including the Nissan Leaf, Tesla Model S and
others; fuel cells; and pebble bed nuclear reactors. It is used in
foundries, lubricants and brake linings.
-- Graphite is also used to produce graphene, a tightly packed single layer
of carbon atoms that can be used to make inexpensive solar panels,
powerful transistors, and even a wafer-thin tablet that could be the
next-generation iPad(i) or iPod(i).
-- Graphene, extremely light and strong, has been called the world's next
-- The closure of graphite mines in China, which produces 75% of the
world's graphite, has
resulted in a fall in global graphite production
to 1.3 million tonnes per annum in 2011. Like rare earths, China is
restricting the export of graphite to protect its own domestic
industries. The second largest producer is India, followed by Brazil,
North Korea, Austria and Canada.
(i)trademarks of Apple Inc.
About USA Graphite:
USA Graphite is a publicly traded US exploration company focused on
the acquisition, exploration and development of world-class graphite
properties in North America. USA Graphite intends to become a
domestic (US) graphite supplier. The USGS has reported that the USA
has been a 100% net importer of graphite over the last 5 years,
sending billions of dollars out of America. USA Graphite has holdings
in Nevada, offering considerable potential for the discovery and
development of large flake, high-grade graphite, whereby
mineralization is exposed at surface and clearly evident at economic
depths. For additional information please visit
"Safe Harbor" Statement:
Under the Private Securities Litigation Reform Act of 1995: The
statements in the press release that relate to the Company's
expectations with regard to the future impact on the Company's
results from new products in development are forward-looking
statements, within the meaning of the Private Securities Litigation
Reform Act of 1995. Notice Regarding Forward Looking Statements -
this press release includes forward-looking statements that involve a
number of risks and uncertainties, including the success of the
programs it is commercializing and developing. Further, the risks
involve the ability of the Company to raise capital to fund its
operations and the capital requirements for the development and
marketing of its products. Investors are encouraged to review the
risk factors listed or described from time to time in the Company's
filings (10K, 10Qs, S-1 and others) with the Securities and Exchange
USA Graphite Inc.
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