Alabama Graphite is in the process of being acquired by Westwater Resources. The decision is supposed to take place tomorrow so it is possible that Alabama Graphite will cease to exist shortly after that.
Eagle Graphite is a funny company. They mine at very small scale high up in the Canadian Rockies. Their resource is poorly explored and pretty low-grade. They would have a difficult time ramping up production with their current mill. I've never really understood what they want to accomplish. I've talked to management a couple times and didn't come away any smarter for it.
Graphite Energy Corp is an interesting player. Their stock has certainly been performing. Their asset is the Lac Aux Bouleaux deposit in Quebec. Here's the thing - if you look at their NI 43-101 Technical Report dated May 23, 2017, they don't list any resources. Factor in drilling, defining those resources, scoping studies, permits, dealing with First Nations and buildout, you are talking 5 to 10 years out. And that assumes the size and geometry of the deposit warrants production. Or that they could raise the money to put in into production which is the toughest hurdle.
I'm not sure why the market is giving them so much love. Do they have a 'proprietary' technique for turning flake graphite into graphene or coated spherical graphite? It seems everybody in the natural graphite sector either has a proprietary process or has 'magic' graphite that nobody else has. A few years ago Alabama Graphite announced that they found naturally-occurring graphene on their property in Alabama. Funny how they never mentioned that ever again.
One last caveat - it isn't entirely clear that you can use natural flake graphite for lithium ion batteries. I've talked to people in the battery business and they claim the limits on impurities are too strict for that to work. Individual batches will meet spec and others won't. Flake graphite is tough to get to 99.999 purity and the metals are the hardest impurity to remove. You definitely can't use flake graphite in nuclear reactors. Right now synthetic graphite is what people are using. Flake graphite is still what is used in electrodes, crucibles, refractory bricks, pencils, lubricants but the sales price for that is a fraction of what battery-grade graphite sells for. Trying to get the economics to work on a natural graphite deposit without producing battery-grade material is pretty tough.
