VANCOUVER, British Columbia, March 07, 2017 (GLOBE NEWSWIRE) -- Canada Carbon Inc. (the “Company”) (TSX-V: CCB ), (FF:U7N1) is pleased to report that the Company’s ultra-high purity graphite has met the stringent qualification specifications of a well-known international graphite products supplier for a category of high-technology applications in which they are a world leader. A detailed report received from the supplier indicated that Canada Carbon’s Miller graphite tested better on certain critical parameters than the natural graphite materials currently in use. In follow-up discussions, Canada Carbon was asked to provide material for a full-scale production trial. If successful, this is the final qualification step prior to negotiating an off-take agreement. A non-disclosure agreement between the Company and the graphite products supplier requires that the end-use applications, test results, proprietary specifications, and the supplier’s identity must be withheld in order to protect both parties’ commercial interests.
Canada Carbon Executive Chairman and Chief Executive Officer Mr. R. Bruce Duncan remarked, “Receiving this third party validation on the suitability of Canada Carbon’s ultra-high purity graphite for additional high-technology applications is an important step towards building our market. We are confident our graphite will perform just as well in the next qualification step, a full-scale production trial. This underlines the growing interest for Canada Carbon’s graphite and gives the Company even greater confidence in the Miller Project.”
Update on Community Consultation for Project Permitting
Recently, Canada Carbon representatives hosted Open Door public consultations in Grenville-sur-la-Rouge (“GSLR”), Québec with respect to its plans to develop its flagship 100% owned Miller Graphite and Marble Project located 80 kilometres (“km”) west of Montréal. The Open Door meetings on February 24 th and 25 th were timed to coincide with a public meeting called by the Municipality of Grenville-sur-la-Rouge on the evening of February 24 th . These meetings were held to provide information about the proposed Project development to the citizens of GSLR and surrounding areas, and to obtain their feedback. Along with hundreds of year-round and seasonal residents of the area, a number of representatives of local and regional governments attended these information meetings.
GSLR Municipal Council established a Committee on Mining Activities composed of the mayor, two council members, and four citizen representatives. This Committee will liaise with Council, residents and the Company, and will assist in open communications between the parties. The Committee’s mandate is to examine the environmental, social, and economic impacts related to the establishment of mining activities in the Municipality’s territory, and has the power to make recommendations to Municipal Council.
Canada Carbon will establish a dedicated page on its website to host final environmental and other assessment reports when they become available. The Company will provide periodic updates via newspaper ads and flyers delivered to GSLR residents, and will hold further public meetings from time to time as the results of the Project feasibility study are made public and permit applications are considered.
CANADA CARBON INC. “ R. Bruce Duncan ” CEO and Director
Contact Information E-mail inquiries: info@canadacarbon.com P: (604) 685-6375 F: (604) 909-1163
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FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com ).
