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     656  0 Kommentare Focus Graphite Announces Pending Sale of Grafoid Shares and Other Benefits Tied to Grafoid's MOU With China's Xiamen Tungsten Co. - Seite 3

    (1) 98.3% Ct purity is the average of 6 pilot plant runs. The pilot plant program was completed in 2013 by SGS Canada Inc., located in Lakefield, Ontario. See news release dated August 21, 2013.

    The second offtake agreement (the "Polymer Offtake") commits Grafoid to acquire, at its discretion, up to 25,000 tonnes of 97.8% Ct (average concentrate grade for all flake sizes) graphite concentrate annually from the Lac Knife Project for 10 years, representing up to 56.4% of the projected total annual production of 44,300 tonnes (all flake sizes). (Taken from Technical Report on The Lac Knife Graphite Feasibility Study.)

    About Xiamen Tungsten

    Xiamen Tungsten Co., Ltd. is China's largest producer and exporter of tungsten products. Its investment in technology upgrades and metallurgical innovation have narrowed the East-West gap in product quality compared to foreign enterprises and, the company is currently expanding its investments in clean energy technologies to move in lockstep with China's march toward a low carbon economy.

    It has annual revenues in excess of 10.143B CNY ($1.55B US).

    During the last decade, with a view to upgrading its competitive position in global markets, Xiamen, through acquisition and investment has expanded its business from a tungsten company to a technology oriented conglomerate in control of its complete manufacturing chains.

    Xiamen Tungsten is listed on the Shanghai Exchange under the numerical symbol: 600549.

    For more information about Xiamen Tungsten, please visit http://www.cxtc.com/

    About Grafoid Inc.

    Grafoid is a complete solutions graphene company. The company provides expertise as well as product and processes for transformative, industrial-scale graphene applications in partnership with leading corporations and institutions around the world.

    A privately held Canadian corporation, Grafoid invests in graphene applications and economically scalable production processes for graphene and graphene derivatives from raw, unprocessed graphite ore. Focus Graphite holds a significant interest in Grafoid.

    Incorporated in 2011, Grafoid's global enterprise platform includes 17 subsidiary companies engaged in the development of Mesograf™, Amphioxide™ and GrafeneX materials and products, and development services. They include, but are not limited to: Mesograf™ lithium batteries for electric vehicles, consumer electronics, and industrial energy storage; additive manufacturing materials including metal alloy and graphene polymer powders for 3D printing; polymers, plastics, rubber, elastomers, and composite materials; fibre science including aluminum alloys; coatings and lubricants; fire retardant materials; thermal management solutions; EMI/RFI/EMP shielding; solar solutions, and analytical testing; and laboratory services.

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    Verfasst von Marketwired
    Focus Graphite Announces Pending Sale of Grafoid Shares and Other Benefits Tied to Grafoid's MOU With China's Xiamen Tungsten Co. - Seite 3 OTTAWA, ONTARIO--(Marketwired - March 23, 2016) - Focus Graphite Inc., (Focus Graphite or "the Company") (TSX VENTURE:FMS)(OTCQX:FCSMF)(FRANKFURT:FKC) is pleased to announce its affiliate, Grafoid Inc., and Xiamen Tungsten Co. Ltd. (Xiamen), have …

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