Dec 17 2012
USA GRAPHITE INC. (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 company."
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 reactor).
About Graphite:
- 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* or iPod*.
- Graphene, extremely light and strong, has been called the world's next wonder material.
- 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.
*trademarks of Apple Inc.
Source: http://www.usa-graphite.com