Press Release: June 19, 2017 10:29 ET
Alabama Graphite Appoints Auburn University Professor Emeritus Dr. Robert Cook, P.G. as Strategic Advisor
The Energy Graphite™ Company
Sourced and Manufactured in the United States of America
TORONTO, ONTARIO--(Marketwired - June 19, 2017) - Alabama Graphite Corp. ("AGC" or the "Company") (TSX VENTURE:CSPG)(OTCQB:CSPGF)(FRANKFURT:1AG) is pleased to announce Dr. Robert. B. Cook, P.G., Ph.D., M.S., E.M., has been appointed as Strategic Advisor to the Company. Dr. Cook is one of America's most accomplished professional geologists, with more than 40 years of experience in both the state of Alabama and surrounding region. Dr. Cook is a Professor Emeritus in the Department of Geology at Auburn University in Auburn, Alabama and headed the University's Department of Geology for more than two decades. Dr. Cook's professional specialties are mineral exploration, environmental geology, and mining.
Dr. Cook holds a Doctorate degree and Master of Science graduate degree in Geology from the University of Georgia, in addition to a degree in Mining Engineering from the Colorado School of Mines. Dr. Cook has consulted for the United States Department of Defense ("DoD"), the National Aeronautics and Space Administration ("NASA"), the United States Department of Justice ("DOJ"), and the United Nations ("UN"). Dr. Cook has been a member of American Institute of Mining and Metallurgical Engineers, Alabama Academy of Science, Geological Society of America, Alabama Geological Society, Georgia Geological Society, and the Society of Exploration Geochemists, among several other professional organizations.
Honored with the Robert B. Cook Endowed Chair in Geology, established at Auburn University in 2009, Dr. Cook's publication record includes over 200 papers and articles, as well as two state mineralogies (Alabama and Georgia), a U.S. Geological Survey Professional Paper, and a variety of Alabama state geological survey bulletins. An Executive Editor of Rocks and Minerals magazine for more than 25 years, Dr. Cook is a Fellow of the Society of Economic Geologists, Inc. ("SEG"), and a registered Professional Geologist (P.G.) in Alabama, Georgia and Florida. The uranium mineral bobcookite was named in his honor by a group of American and Russian scientists.
President and Chief Executive Officer Donald Baxter, stated, "We are honored to have an Alabama-based expert geologist advising the Company and further validating our world-class Coosa Graphite Project, the only graphite project in the contiguous United States. Dr. Cook's profound understanding of the geology of Alabama and the region will be invaluable with assisting with the supervision of the ongoing development and permitting process for Coosa, in addition to continued mineral exploration for new battery-materials-related targets, as well as advising on mine planning and further resource development."
On behalf of the Board of Directors of ALABAMA GRAPHITE CORP.
Donald K. D. Baxter, P.Eng., President, Chief Executive Officer and Executive Director
QUALIFIED PERSON
Jesse R. Edmondson, P.G., a registered Professional Geologist in the State of Alabama and Project Geologist of Alabama Graphite Corp., is a Qualified Person as defined by National Instrument 43-101 ("N.I. 43-101") guidelines, and has reviewed and approved the content of this news release.
ABOUT ALABAMA GRAPHITE CORP. (AGC)
Alabama Graphite Corp. is a Canadian-based flake graphite exploration and development company as well as an aspiring battery materials production and technology company. The Company operates through its wholly owned subsidiary, Alabama Graphite Company Inc. (a company registered in the state of Alabama). With an advancing flake graphite project in the United States of America, Alabama Graphite Corp intends to become a reliable, long-term U.S. supplier of specialty high-purity graphite products. A highly-experienced team leads the Company with more than 100 years of combined graphite mining, graphite processing, specialty graphite products and applications, and graphite sales experience. Alabama Graphite Corp. is focused on the exploration and development of its flagship Coosa Graphite Project in Coosa County, Alabama, and its Bama Mine Project in Chilton County, Alabama as well the research and development of its proprietary manufacturing and technological processing process of battery materials.
Alabama Graphite Corp. holds a 100% interest in the mineral rights for these two U.S.-based graphite projects, which are both located on private land. The two projects encompass more than 43,000 acres and are located in a geopolitically stable, mining-friendly jurisdiction with significant historical production of crystalline flake graphite in the flake graphite belt of central Alabama, also known as the Alabama Graphite Belt (source: U.S. Bureau of Mines). A significant portion of the Alabama deposits are characterized by graphite-bearing material that is oxidized and has been weathered into extremely soft rock. Both projects have infrastructure in place, are within close proximity to major highways, rail, power and water, and are approximately three hours (by truck or train) to the Port of Mobile, the Alabama Port Authority's deep-seawater port and the ninth largest port by tonnage in the United States (source: U.S. Army Corps of Engineers/USACE). The state of Alabama's hospitable climate allows for year-round mining operations and the world's largest marble quarry (which operates 24 hours a day, 365 days a year in Sylacauga, Alabama), is located within a 30-minute drive of the Coosa Graphite Project.
On November 30, 2015, Alabama Graphite Corp. announced the results of PEA for the Coosa Graphite Project, indicating a potentially low-cost project with potential positive economics. Please refer to the Company's technical report titled "Alabama Graphite Corp. Preliminary Economic Assessment (PEA) on the Coosa graphite Project, Alabama, USA" dated November 27, 2015, prepared by independent engineering firms AGP Mining Consultants Inc. and Metal Mining Consultants Inc., and filed on SEDAR at www.sedar.com.
* Note: A Preliminary Economic Assessment ("PEA") is preliminary in nature. A PEA includes Inferred Mineral Resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as Mineral Reserves and there is no certainty that the Preliminary Economic Assessment will be realized. Inferred Mineral Resources represent material that is considered too speculative to be included in economic evaluations. Additional trenching and/or drilling will be required to convert Inferred Mineral Resources to Measured or Indicated Mineral Resources. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. There is no guarantee that all or any part of the Mineral Resource will be converted into a Mineral Reserve.
Alabama Graphite Corp. is a proud member of the National Association of Advanced Technology Batteries International ("NAATBatt International"), a U.S.-based, not-for-profit trade association commercializing advanced electrochemical energy-storage technology for emerging, high-tech applications.
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