Focus Graphite SEDAR Files Kwyjibo PEA Report
KINGSTON, Ontario, Aug. 03, 2018 (GLOBE NEWSWIRE) — Focus Graphite Inc. (“Focus”) (TSX-V:FMS) (OTCQX:FCSMF) (FSE:FKC) is pleased to report that the technical report by DRA\Met-Chem on the Kwyjibo project PEA is now available on www.sedar.comunder Focus Graphite Inc. The summary results of the PEA were released by the Company and joint-venture partner SOQUEM Inc. on June 28 (refer to Focus news release dated June 28, 2018, available at www.focusgraphite.com).
Key components of the recently SEDAR filed technical report outline the Kwyjibo project’s potential as a supplier for some of the most highly sought after rare earth elements, such as Neodymium, to meet the burgeoning demand for electric motors, energy storage solutions and electric vehicles around the globe.
Gary Economo, CEO of Focus Graphite states: “With Neodymium being a highly sought after rare earth element being used in the permanent magnet motors of electric vehicles such as Tesla’s Model 3 Long Range, we are excited by this report on the Kwyjibo project. Not only is it a validation of our commitment to being a key player in supplying the critical rare earth elements used to power the technologies of the future; but it also demonstrates our commitment to building the key partnerships that will make our goal a reality.”
About Focus Graphite
Focus Graphite Inc. is an emerging mid-tier junior mining development company, a technology solutions supplier and a business innovator. Focus is the owner of the Lac Knife flake graphite project located 27 km south of Fermont, Québec, currently at the advanced environment assessment stage. To meet Québec stakeholder interests for the transformation of mine concentrate within the province and to add shareholder value, Focus is evaluating the feasibility of producing value-added graphite products including battery-grade spherical graphite.
Focus also holds a significant equity position in graphene applications developer Grafoid Inc. and is a member of the 2GL Alliance with Grafoid, Stria Lithium Inc. and Braille Battery Inc.
See below for more information about graphite and graphene.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Focus Graphite Inc.
Mr. Gary Economo
Chief Executive Officer
The Mineral Information Institute describes pure graphite a form of the element carbon (atomic number 6) and its symbol is C. It forms in veins in metamorphic rocks as the result of the metamorphism of organic material included in limestone deposits.
It is an extremely soft mineral at 1 to 2 on Mohs’ hardness scale. It is black and has a black streak. (Streak is the color of a mineral when it is crushed to a powder). Its softness and streak make graphite useful in making “lead” for pencils. Crystals are uncommon, but when they occur, they are found as rough, six-sided (hexagonal) flakes, as in the drawing. It breaks into minute, flexible flakes that easily slide over one another. Mineralogists call this basal cleavage. This feature is the cause of graphite’s distinctive greasy feel. It is this greasy characteristic that makes graphite a good lubricant. Because it is a solid material, it is known as a dry lubricant. Graphite is the only non-metal element that is a good conductor of electricity. In nature, graphite is found in two distinct forms, flake graphite and lump graphite. Lump graphite is more compact than flake and lacks the distinctive flaking mentioned earlier.
Graphite was named from the Greek verb graphein meaning to write because it was used in the manufacture of pencils. The name was given by Abraham Gottlob Werner in 1789.
Its “Old World” (that is, old European) name was plumbago which means black lead, a reference to its use in pencils.
It is estimated that the world reserves of graphite exceed 800 million tons. China is the most significant graphite-producing nation, providing nearly one-half of the United States’ annual graphite demand. Flake graphite is also imported to the United States from Brazil, Canada, and Madagascar. Lump graphite is imported from Sri Lanka. Graphite resources in the United States are very small. At one time a significant deposit at Ticonderoga, New York, was exploited, but this source no longer produces graphite. For a number of years, the United States has not produced natural mineral graphite and is completely dependent on the combination of imported, synthetic graphite, and recycled graphite sources.
Because graphite flakes slip over one another, giving it its greasy feel, graphite has long been used as a lubricant in applications where “wet” lubricants, such as oil, can not be used. Technological changes are reducing the need for this application.
Natural graphite is used mostly in what are called refractory applications. Refractory applications are those that involve extremely high heat and therefore demand materials that will not melt or disintegrate under such extreme conditions. One example of this use is in the crucibles used in the steel industry. Such refractory applications account for the majority of the usage of graphite.
It is also used to make brake linings, lubricants, and molds in foundries. A variety of other industrial uses account for the remaining graphite consumed each year.
A number of multinationals are active in graphene research and development (e.g. Intel and IBM in computing, Dow Chemicals and BASF as suppliers of basic graphene material, and Samsung in consumer electronics).
Graphene’s emergence as the “new silicon” and Focus Metals’ participation at the graphene development and patenting level primes our company – and our shareholders – to reap the rewards from emerging applications that will replace aging computing, communications and industrial technologies.
According to the renowned research scientist Dr. Gordon Chiu, head of Focus Metals’ Graphene Joint Venture, the quality of the graphite source – which Focus Metals holds in abundance – directly affects the quality and performance state of graphene, an allotrope of carbon that holds unique physical properties.
“Scientifically and commercially, our business program looks for definites; looks to financially minimize risk, and; ultimately, we look to maximize shareholder value,” Dr. Chiu said.
Graphene is considered to be one of the strongest substances known to science. It occurs naturally in graphite; is 200 times stronger than steel and is so thin it is transparent, but, unlike its source, diamond, it is flexible and electrically conductive.
It is anticipated the first consumer products using graphene will be released by the fourth quarter of 2011 or early 2012 as components of computing or communications devices.
As a transistor, graphene holds remarkable advantages over silicon in terms of processing speed and, more importantly, by obviating the need for internal cooling fans as it functions at room temperature.
As a component for industrial, aviation and infrastructural use, for example, graphene’s lightness and strength provide opportunities for those sectors to re-think engineering design and functionality.
Graphene for use in graphene-saturated battery and super-charging capacitor applications sFor investors in those sectors, the long-term cost-savings inherent with those sectoral applications are incalculable at this time.
The trillion dollars spent globally on research and development on fullerenes and carbon nano-tubes during the last two decades laid the scientific groundwork for today’s application development of graphene.
The difference today is that graphene provides a stable, practical and useful material which has, as of yet, no equal in nature, in science, or in manufactured applications.
Graphene, according to some observers, will change the way we live.
But what is it?
- Graphene is taken from graphite, which is made up of weakly bonded layers of carbon.
Graphene is composed of carbon atoms arranged in tightly bound hexagons just one atom thick.
Three million sheets of graphene on top of each other would be 1mm thick.
The band structure of graphite was first theorised and calculated by P.R. Wallace in 1947, though for it to exist in the real world was thought impossible.
Due to the timing of this discovery, some conspiracy theorists have linked it to materials at the Roswell “crash site”.
In 2004, teams including Andre Geim and Konstantin Novoselov demonstrated that single layers could be isolated, resulting in the award of the Nobel Prize for Physics in 2010.