National Graphite Signs Strategic Alliance With American Graphene LLC
LAS VEGAS, June 3, 2013
LAS VEGAS, June 3, 2013 /PRNewswire/ --National Graphite Corp. (OTCQB: NGRC)
is pleased to announce that the Company has entered into an agreement with
American Graphene LLC where National Graphite Corp, and American Graphene LLC
will explore joint business opportunities in the fast growing graphene market.
Graphene's remarkable properties, including high conductivity, mechanical
strength and high specific surface area make it an ideal material for
electrochemical devices used in clean energy applications.
National Graphite Corp has supplied high grade graphite samples from the
company's 100% owned Chedic Graphite mine near Carson City Nevada to the
laboratory facilities of American Graphene LLC near Phoenix Arizona. Through a
sonication process the graphite ore from the Chedic mine has been reduced to a
nano material that has subsequently been sent to a metallurgical facility to
determine the grade and commercial viability of the graphene product. The
sonication process was observed by an independent geologist, designated as a
Qualified Person. The two companies will explore an exclusive supply agreement
where NGRC will supply high grade graphite to American Graphene, cost
effective and scaleable processing facilities and commercially viable markets
for the graphene product.
Graphene is a newly discovered formation of carbon atoms which makes a
material 200 times stronger than steel, a super-conductor at room temperature,
flexible and heat resistant. There are over 7000 patents filed relating to
graphene. Currently, the price of graphene ranges from $100 per gram to $1000
per gram. The Company believes it can mine, refine and convert our high purity
graphite to graphene with a target cost of approximately $10 per gram.
National Graphite Corp. currently holds the rights to the Chedic Voltaire,
past producing, graphite mine in NW Nevada near Carson City,
NGRC plans to advance the project through the exploration and development
About National Graphite Corp.
National Graphite Corp. is an American based graphite development company
focused on bringing the Chedic Graphite Mine back into commercial production
to supply the fast growing graphite mineral market. The mineral is used in the
manufacture of Lithium-ion batteries and is considered critical to U.S.
industry sectors like Consumer Electronics, Green Technology and Alternative
Energy. National Graphite is committed to long-term sustainable graphite
production within the North American market.
"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. A complete "SAFE
HARBOR: Disclosure" is listed on the Company's Website
www.NationalGraphiteCorp.com under "News"
Kenneth B Liebscher
SOURCE National Graphite Corp.
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