Highlights
Stage 2 Large Scale Pilot Test Program is currently 2 weeks ahead of schedule
Tests are being actively managed by BlackEarth’s executive team and conducted by
World Leaders in the testing of graphite and development of flow sheet and plant design
Initial results confirm earlier Stage 1 results – grades of fixed carbon (“FC”) content of over 95% reaffirming Maniry’s graphite product potential as highly attractive for downstream processing and feed for the rapidly expanding electric vehicle (“EV”) markets
Additional analysis of the jumbo and large flake results indicate that approximately 20% of graphite concentrate yields are classified as jumbo flake size – such product is in world wide shortage and currently selling for inexcess of US$1,750/mt
Further testing will continue throughout April 2021 with completion expected in May 2021
Recently released UBS Report indicates massive growth in demand for graphite to meet EV market demand
