- Graphite is key to clean technology, such as solar energy in homes and electric cars, per Bloomberg report
- As demand increases, graphite prices projected to continue rising in 2018
- GRXXF begins drilling on property in Southern Quebec after promising assay findings show up to 22 percent high-grade large flake graphite in site samples
Graphite Energy Corp. (CSE: GRE) (OTC: GRXXF) (FWB: GOA) has started drilling on its Lac Aux Bouleaux (“LAB”) graphite property located in Southern Quebec. Commencement of these operations follow shortly after the company received promising assay results confirming the presence of high-grade large flake graphite.
Graphite is an important element in electric cars and is key to lithium-ion battery technology, as well to fuel cells and nuclear and solar power. Demand for the mineral, also used in the automotive and steel industries, is rising globally. In addition, it is used in robotics manufacturing and in desalination plants. GRXXF believes that natural jumbo flake graphite is of special demand. A recent Bloomberg article points to graphite use in home battery packs for solar roof panels for companies such as…
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