Graphite Market Expected to Benefit From High Rates of Lithium-Ion Battery Production

NEW YORK, November 28, 2017 /PRNewswire/ --

According to data compiled by Markets and Markets, the global market for Graphite is projected to reach $29.05 billion by 2022 at a CAGR of 5.2% from 2017 to 2022. The demand for graphite is growing due to industrial related products. The fastest growing driver is the lithium-ion battery industry. Lithium-ion batteries require 20 to 30 times more graphite than lithium according to the research. These highly efficient and easily rechargeable batteries are expected to be the fastest growing application in the graphite market between the period of 2017 to 2022. Berkwood Resources Ltd. (TSX-V: BKR), Northern Graphite Corporation (OTC: NGPHF), Focus Graphite Inc. (OTC: FCSMF), Great Lakes Graphite Inc. (OTC: GLKIF), Mason Graphite Inc. (OTC: MGPHF)

One the biggest drivers for the lithium-ion batteries industry growth rate is connected to the transition into electric vehicles. Data provided by Peter O'Connor of the Union of Concerned Scientists showed that the electric vehicle market grew by 32% annually between 2012 and 2016, and is expected to grow up to 40% in 2017. Data by Electric Vehicle Outlook projects that electric vehicles will account for 54% of new car sales by 2040. As graphite demands grow and lithium-ion prices decrease due to technological advancements, electric vehicle sales are projected to increase. These advancements will offer cheaper solutions as well as benefiting the environment.

Berkwood Resources Ltd. (TSX-V: BKR) is currently listed on the TSX Venture Exchange under the ticker 'BKR'. Just announced breaking news this morning that, "the assay results from the drill program on the Zone 1 geophysical prospect at the Company's 100% owned Lac Gueret South Project. Thirteen holes were drilled in the first Phase drill program with every hole intersecting visible Graphite. Sections of the drill core were sent for assay and we are pleased to confirm High grade Graphite with average grades in the range of 14.39 to 25.52% Cgr and true thicknesses ranging 22.1 to 40.3 m.

Mr. Edward Lyons PGeo (BC, QC, NL) has worked extensively on the Lac Gueret Property, now owned by Mason, states "The analyses show that the thick unit on Section 3100E as well as shorter intervals showed a similar range of grades that occurs at Mason Graphite's Lac Gueret deposit nearby." The Zone 1 target is a conductive and magnetic system with a 2.2 km east-west strike length and 0.6 km width. It shows two parallel zones which may be a large-scale fold. The Zone 1 drill program intersected graphite in each of the 13 holes drilled on the west end of the Zone, and with which initial metallurgical assessment is in progress. Certificates of Analyses # YVR1710850 and # YVR1717850A contain analytical results for all samples taken in the 13 HQ diamond drill holes on Zone 1. Nine sites contained the 13 drill holes oriented north with inclinations varying from -45° to -75° on a cut grid…

The drillholes were completed on western three Sections 3100E through 3300E. Other narrower intervals with graphite greater than 10% Cgr occur, particularly on sections 3200E and 3300E, but are not listed above.

The initial interpretation of Section 3100E geology suggests an asymmetrically dipping and moderately plunging antiform to the west that includes a relatively thick band of graphite schist with average grades in the range of 14.39 to 25.52% Cgr and true thicknesses ranging 22.1 to 40.3 m in the lower parts of BK1-01-17 and BK1-04-17 and the upper parts of BK1-03-17 and BK1-05-17. There are thinner units both above and below this horizon. How these relate to the sections 3200E and 3300E to the east is under review. It is possible that the thicker graphite schist horizon may subcrop between 3100E and 3200E; there is sparse outcrop in the heavily forested area. The possibility of testing the specific horizon by electromagnetic charging the horizon in a borehole and mapping the traces of the unit on surface can constrain interpretations. This "mise a la masse" EM technique successfully demonstrated the two main Quinto/Mason's Lac Gueret showings were connected. The area west of section 3100E has west-dipping topography that potentially could keep the horizon closer to the present surface.

Tom Yingling, President and CEO states, "I am pleased we have succeeded in demonstrating significant graphite in large true thicknesses early in our initial exploration program. Having had success in every one of the 13 holes drilled to date on Zone 1 is very exciting. Drilling on Zone 2, reported on 21 November 2017, will assist the Company in prioritizing the most compelling prospect for potential development. Our fall drill program is fully financed, and the field project is managed by the same team that discovered Berkwood's Zone 1 discovery and the Mason Graphite deposit. I am thrilled with our shareholder and financing support, and with our capital structure - we still only have approximately 32.5 million shares outstanding."

The Company has extended road access and trails to develop the initial group of targets at Zone 1, and drill pads have been prepared for the further planned drill program to test the targeted PhiSpy conductive anomalies.

Lac Gueret South Zone 1 - Lac Gueret South is located in Cote Nord, Quebec, a three hour drive from Baie-Comeau in an area of very good infrastructure. The Project lies directly south of Mason Graphite's (TSX-LLG) advanced Lac Gueret Project. Mason is developing one of the largest medium to high grade graphite deposits in the world. Success in this drill program confirms that a significant component of the distinct electromagnetic conductors that occur over a two kilometer length and 50 meters to 600 meters in width as defined by airborne EM geophysics (see the Berkwood news release dated February 10, 2015) includes graphite…"

Northern Graphite Corporation (OTCQX: NGPHF) is a Canadian company that has a 100% interest in the Bissett Creek graphite deposit located in southern Canada and relatively close to all required infrastructure. On August 15th, the company announced the results of additional metallurgical test work carried out on ore from the Bissett Creek deposit by BGRIMM, a Chinese state owned metallurgical research and development company. BGRIMM confirmed the high recoveries and high purities used in the Feasibility Study ("FS") and successfully increased the percentage of high value, +50 mesh XL flake in the final concentrate from 48 to 61 per cent.

Focus Graphite Inc. (OTCQB: FCSMF) is an advanced exploration and mining company with an objective of producing graphite concentrate at its wholly owned Lac Knife flake graphite deposit located 27 km south of Fermont, Québec. On November 20th, Focus Graphite announced the commencement of Phase III drilling at the Company's wholly owned Lac Tétépisca Flake Graphite Project ("the Project") located southwest of the Manicouagan reservoir in the Côte-Nord administrative region of Québec. Phase III drilling continues to target the "Manicouagan-Ouest Graphitic Corridor" (MOGC), a 2.0 km-long graphite bearing structure mapped by the Company through prospecting, mechanical trenching and combined ground magnetic (MAG)-EM geophysical surveying from 2012 to 2014.

Great Lakes Graphite Inc. (OTC: GLKIF) is a Clean Technology Minerals Processing Company supplying customers with innovative, high quality value-added carbon products. On November 7th, Great Lakes Graphite announced that the Company and SRG Graphite International Inc. a subsidiary of SRG Graphite Inc. have executed a Memorandum of Understanding ("MoU") whereby the Companies agree to work towards negotiating a supply agreement from SRG's Lola Deposit located in Guinea, West Africa.

Mason Graphite Inc. (OTCQX: MGPHF) is a Canadian mining and processing company focused on the development of its 100% owned Lac Guéret natural graphite deposit located in northeastern Québec. On September 14th, Mason Graphite announced that it has been informed by the Ministry of Développement durable, Environnement et Lutte contre les changements climatiques (MDDELCC) that the public hearing mandate recently given to the Bureau des audiences publiques en environnement (BAPE) for the Lac Guéret graphite project has been withdrawn.

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