Mason Graphite congratulates NanoXplore on its construction financing
Mason Graphite is a Canadian mining and processing company focused on the development of its 100% owned Lac Guéret natural graphite deposit located in northeastern Québec. — Photo courtesy Mason Graphite Inc.
Mason Graphite Inc. (“Mason Graphite” or the “Company”) (TSX.V: LLG; OTCQX: MGPHF) would like to congratulate NanoXplore (TSX.V: GRA) for its recently announced construction financing. This financing will allow NanoXplore to proceed with the construction of its production facility in Montreal, Québec, Canada. Please see press release issued by NanoXplore on December 18th, 2018.
Benoît Gascon, President and CEO of Mason Graphite commented: “We are very proud to have NanoXplore as a partner, which has now established itself amongst the world’s leading graphene companies. The potentially explosive growth of the graphene market remains difficult to fully understand today, and from the onset, we have always liked NanoXplore’s ultra low-cost processing technology and their industrial business approach to focus on rapidly accessible large volume markets. The quality of their strategic shareholders speaks volume.”
Mason Graphite first acquired 40% of Group NanoXplore (now NanoXplore) in early 2014 for $700,000 and participated in subsequent financings. Before the above-mentioned financing, Mason Graphite owned 22.3% of NanoXplore.
NanoXplore now has the potential to become a large user of graphite and Mason Graphite will play an active role through its supply agreement with NanoXplore.
About Mason Graphite and the Lac Guéret Project
Mason Graphite 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. For more information, visit www.masongraphite.com.
