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Canadian Graphite Developer NextSource Materials Inc. Secures Registered Trademark for SuperFlake®

It means the company now has the exclusive right to use this trademark on all natural graphite sold in the European Union
Canadian Graphite Developer NextSource Materials Inc. Secures Registered Trademark for SuperFlake®
Graphite is used in batteries...

Canadian graphite developer NextSource Materials Inc (TSX:NEXT) has been granted the registered trademark ‘SuperFlake®’ in Europe.

It means the company now has the exclusive right to use this trademark on all natural graphite sold in the European Union that it plans to produce from its feasibility-stage Molo Graphite Project in Madagascar, where Phase 1 production of its Molo Graphite Project is targeted for 2018.

The firm is also awaiting confirmation  on  the exclusive right to use SuperFlake® in Canada, the United States, South Korea and Japan. These are the top-demand markets for flake graphite and where NextSource Materials  intends to sell its SuperFlake® concentrate, according to the group.

"Numerous potential offtakers and end-product manufacturers have verified through their own extensive and independent testing that our Molo graphite concentrate meets or exceeds the quality requirements for all the major end-markets for natural flake graphite, namely refractories, anode material for lithium-ion batteries, specialty graphite foils for the consumer electronics and fire-retardant industries and graphene ink applications," said Craig Scherba,  president and chief executive of NextSource Materials.

"The SuperFlake® trademark reinforces to the marketplace that our Molo project will produce a distinct graphite concentrate, that in turn can provide our potential strategic partners with a means to further differentiate their product offerings to their respective customers."

As reported in the company’s 2017 updated feasibility study, the SuperFlake® concentrate can achieve purity of 98% carbon with simple flotation, has excellent thermal expansion, and can be easily upgraded to 99.97% purity (battery grade).

The first phase of production will consist of a fully operational and sustainable graphite mine with a permanent processing plant capable of producing around 17,000 tonnes per annum (tpa) of high-quality SuperFlake® graphite concentrate per year over a mine life of 30 years.

Phase 1 will take only nine months to build under a modular model and realize a pre-tax internal rate of return (IRR) of 25.2% and an after-tax IRR of 21.6%.

The build cost is a mere US$18.4mln and confirms that the Molo Project will have the lowest capital mine cost of any new and competing graphite project and one of the lowest operating costs in the industry to ship SuperFlake® graphite concentrate to European ports on a full-cost, CIF basis.

The eventual Phase 2 expansion to 50,000 tpa of SuperFlake® graphite concentrate will also incorporate the company's unique modular build approach.

Click here to read the company’s news release in its entirety. 

Shares gained 7.69% in Toronto to C$0.07.

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NextSource Materials Inc Timeline

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January 18 2018

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