SAN FRANCISCO, Dec. 05, 2018 (GLOBE NEWSWIRE) -- As green energy initiatives boost the need for graphite, one company continues to explore for the element in an unlikely place.
Company mentioned: SRG Graphite Inc. (SRG:TSX.V)
SRG Graphite Inc. is a Canadian resource company that works in the exploration, development and production of high-quality, low-cost natural graphite flakes. The company is also working on its nickel-cobalt-scandium laterite project located 5km away from its graphite project.
SRG operates in the southeast region of the Republic of Guinea, in West Africa, and recently announced results for its latest round of assay testing with 162 new boreholes, bringing total tests to 557 boreholes and over 18,037 meters drilled. Cost efficiencies encouraged SRG management to expand the drilling program, according to a recent press release.
Mineralized material from the deposit is being used to produce graphite concentrate so the company can ship samples to prospective clients. Intermediate graphite concentrate will also be shipped to prospective customers to assist in evaluation of the equipment selected for the feasibility study.
Committed to sustainable and traceable mining, SRG also signed on to the United Nations Global Compact, which commits it to universal sustainability principles. The company further reports sustainability progress through the Global Reporting Initiative, an independent international standardization organization.
SRG recently engaged the expertise of EEM Sustainable Management (EEM), a Canada-based independent environment consultancy company from Montreal with significant experience in Guinea, to revise and update the Lola graphite project environmental and social impact assessment to ensure compliance with local and international standards.
Continue reading this article: Canadian Mining Company Takes Advantage of Boom in Energy Storage
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The following companies mentioned in this article are billboard sponsors of Streetwise Reports: SRG Graphite. Click here for important disclosures about sponsor fees. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of SRG Graphite.
The full disclosure is provided at the end of the article: Canadian Mining Company Takes Advantage of Boom in Energy Storage