The Graphite Market is Projected to Grow due to Popularity of Electric Vehicles

NEW YORK, September 25, 2017 /PRNewswire/ --

According to a report by MarketsandMarkets, the global graphite market is projected to reach USD 29.05 Billion by 2022, at a CAGR of 5.2% from 2017 to 2022. There are several industries which are key end-users of graphite-based products, including steel companies, automotive and aerospace. The use of graphite in batteries has been increasing in the last 30 years and has become a major component in rechargeable batteries, which are widely used today. Rechargeable lithium-ion batteries utilize roughly twice the amount of graphite than lithium carbonate, and as battery technology continues to evolve, the use of graphite in an increasing number of applications is also expected to provide growth opportunities for the graphite market in the future. Global Li-Ion Graphite Corp (CSE: LION), Focus Graphite Inc. (OTC: FCSMF), Leading Edge Materials Corp. (OTC: LEMIF), Graphite One Resources Inc. (OTC: GPHOF), Mason Graphite Inc. (OTC: MGPHF)

As for the global lithium-ion battery market, a report published by Transparency Market Research projects that it is expected to reach US$77.42 billion by 2024, with a compound annual growth rate of 11.6 percent during the forecast years. The lithium-ion battery market is directly tied to the growing demand for electric vehicles. According to a report by Reuters, Consultants CRU Group stated, "Electric cars and plug-in hybrid vehicle sales could increase to 4.4 million in 2021 and reach more than 6 million by 2025."

Global Li-Ion Graphite Corp (CSE: LION) listed on the Canadian Stock Exchange under the Ticker 'LION'. Just earlier today the company announced breaking news that it, "has acquired the available historic data including the DRAFT NI 43-101 written by Wardell Armstrong dated Oct 2014. The Company has engaged Wardell Armstrong to complete a current NI 43-101 and to consult with the Company on a go forward basis to initiate a conformation work program.

The Company would also like to Welcome Sam Malin to the newly formed Advisory Board. Sam brings upwards of 30 years of mining and finance experience, of which 15 years has been focused on Madagascar. Sam is currently CEO of Avana Resources which is focused on mineral exploration and development in Madagascar. His previous experience includes the founding of Madagascar Oil Limited and Red Island Minerals Ltd., which featured the development of multibillion barrel heavy oil fields and a major coal field respectively. He created significant value in both companies, building Madagascar Oil, as CEO, from inception to a value of in excess of $1 billion by late 2006, while, as Red Island's Chairman, he concluded a comprehensive survey of the Sakoa coal field resulting in a sale to Thailand's PTT Asia Pacific Mining Pty for nearly $100 million dollars in 2012.

Sam holds a BSc (Hons) in Geological Engineering from Queens University in Canada and completed graduate studies in England at the University of Cambridge. His prior experience includes as positions with Standard & Poor's, Arthur D. Little and Dome Petroleum Limited, as well as advisory positions to the European Commission. He is fluent in French and conversant in several other languages.

About the Malagasy Graphite Property - The three mining exploitation licenses that comprise the Project are located in the vicinity of Andasibe in Toamasina Province in Madagascar, 20 km to the southwest of Sheritt's Ambatovy nickel/cobalt laterite open pit mine, and 200km via road from the seaport of Toamasina, Madagascar's main port. The licenses total 4,375 hectares (10,811 acres). Graphite was produced on the licenses for roughly a century from 1910. The production to date has been free digging of lateritic ore and open pit mining, providing low cost exploitation without need for blasting.

Focus Graphite Inc. (OTCQB: FCSMF) is an advanced exploration company with an objective of producing graphite concentrate at its wholly-owned Lac Knife flake graphite deposit located 27 km south of Fermont, Québec. In a second stage, to meet Quebec stakeholder interests of transformation 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. On August 29, 2017, the company announced that it intends to complete a non-brokered private placement of up to 33,333,333 units at a price of $0.075 per unit, for gross proceeds to Focus of up to $2,500,000.

Leading Edge Materials Corp. (OTCQB: LEMIF) is a Canadian public company with principal assets in Scandinavia, a region well recognised for its promotion and investment in innovation. LEM's flagship asset is the Woxna Graphite production facility located in central Sweden targeting the supply of specialty materials for lithium ion battery production. LEM's core investments are matched to high growth markets, linked to the global shift to low-carbon energy generation and energy storage. On July 27, 2017, the company announced the partnering with Northvolt AB as a part of an innovation project agreement with InnoEnergy for the establishment of a Large Scale Battery Manufacturing Project in Sweden. The aim of the project is that LEM will contribute to the production of battery cells through qualification of sustainably produced natural graphite.

Graphite One Resources Inc. (OTCQB: GPHOF) continues to develop its Graphite One Project, whereby the Company could potentially become an American producer of high grade Coated Spherical Graphite that is integrated with a domestic graphite resource. The Project is proposed as a vertically integrated enterprise to mine, process and manufacture high grade CSG primarily for the lithium-ion electric vehicle battery market. As set forth in the Company's Preliminary Economic Assessment, potential graphite mineralization mined from the Company's Graphite Creek Property, is expected to be processed into concentrate at a graphite processing plant. The proposed processing plant would be located on the Graphite Creek Property situated on the Seward Peninsula about 60 kilometers north of Nome, Alaska.

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. The Company is led by a highly experienced team that has over five decades of experience in graphite production, sales, and research and development. In September 2015, the Company issued the positive results of a Feasibility Study for the Lac Guéret project that featured a long life, low cost operation with an Internal Rate of Return of 44%. Mason Graphite is now focused on obtaining all permits required to begin construction in 2016, with the aim of achieving production in 2017. On September 14, 2017, the company announced that it has been informed by the Ministry of Développement durable, Environnement et Lutte contre les changements climatiques that the public hearing mandate recently given to the Bureau des audiences publiques en environnement for the Lac Guéret graphite project has been withdrawn.

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