Canada Carbon Receives Indicative Pricing for Miller Hydrothermal Lump/Vein Graphite
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jul 15, 2015) - Canada Carbon Inc. (the "Company") (TSX VENTURE:CCB) is pleased to provide the following update on the Company's efforts to obtain indicative pricing for the ultra-high purity, thermally-upgraded (99.9998% C(t)) Miller Hydrothermal Lump/Vein ("HLV") graphite, as previously announced on May 1st, 2015.
The Company has received indicative pricing of USD $12,000 to USD $14,000 per metric tonne for 99.9998% graphite that is currently used in high technology electronics industry applications. The non-binding quotation of value, from a participant in the high-purity graphite market that is currently working with Canada Carbon's graphite, represents current pricing for one specific application for ultra-high purity graphite, an application which is estimated to require 250 to 350 tonnes per month.
Canada Carbon Executive Chairman and Chief Executive Officer Mr. R. Bruce Duncan stated, "We are delighted to receive our first third-party confirmation of real-time pricing for our graphite for a specified market segment. We are working towards obtaining additional third party indicative pricing for other market segments. These indicative pricings will be included in the Company's Preliminary Economic Assessment (PEA) and mineral resource estimate for the Miller Project, currently underway."
Canada Carbon wishes to caution readers that it does not have a mineral resource estimate with respect to the Miller Project and readers should not interpret the indicative pricing to imply potential economic viability. The Miller Project is not in production, and currently has insufficient evidence available to it to determine if the extraction and upgrading of the Miller graphite mineralization will be economically feasible, now, or at any time in the future. The pricing and market consumption information provided above represents neither a promise nor a guarantee, and is subject to risks and uncertainties that may cause future values to differ materially than those expressed herein.
CANADA CARBON INC.
R. Bruce Duncan, CEO and Director
"Neither 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."
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).
