Replies to post #261 on Next Graphite Inc. (fka GPNE)

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Next Graphite, Inc. Enters Into Joint Venture Agreement with Micron Investments PTY, Ltd.

JV Provides Capex & Operational Funding to Process On-Site Graphite

NEW YORK, NY and WINDHOEK, NAMIBIA / ACCESSWIRE / July 21, 2015 / Next Graphite, Inc. (OTC: GPNE) ("Next Graphite," "GPNE" or the "Company"), an exploration/development stage company in Africa's Republic of Namibia targeting the growing global graphite production industry and market demand, today announced a joint-venture agreement ("JV") with Micron Investments PTY, Ltd. (“Micron”).

Micron is a private, Namibia-based company with expertise in geology, engineering, mining, funding and marketing of commodities. Under the JV with Next Graphite, Micron has agreed to fund a facility to process, test, and commercialize Next Graphite's on-site 140,000 tonne heaps. Additionally, the companies will explore existing adits and visible graphite veins on the property which are expected to provide Next Graphite with significant additional inventory.

Micron has committed seven-figure funding to design, engineer, procure, build and staff a 2,500 tonnes per annum natural flake graphite screening and processing facility with the ability to scale up to 10,000 tonnes per annum. The facility and its engineering plans were reported by the Company through its Preliminary Economic Analysis ("PEA") on April 28, 2015. The two companies will initiate ground preparation work and announce a date in the coming months to build and complete the processing facility. As part of the agreement, Micron is also providing GPNE working capital into the second half of 2016 until the processing plant is up and running. Micron will recover its investment through a farm-out agreement with the Company.

As reported by the Company during the course of its six-month sampling, testing, and grading program in 2014, graphite contained in the Company's existing heaps can achieve a 96.0% grade through a flotation process. Included below are the test results from Gecko Laboratories, Namibia, on the analysis conducted on samples from delivered to Gecko's lab in Swakopmund, Namibia.

Image: https://www.accesswire.com/uploads/Next%20Graphite%207-21%201.jpg

"Choosing the right joint venture partner has been critical to our management team and the long term strategy for our company," began Cliff Bream, CEO of Next Graphite, Inc. "Micron Investments provide us the characteristics of a successful JV partner in the form of capital and graphite mining expertise that will add value to our operations and our shareholders. We look forward to our continued cooperation as we begin monetizing our graphite assets aboveground and underground." Bream concluded.

Dr. Roger Moss, CEO of Micron added, "We are excited to be entering into this JV with Next Graphite and looking forward to advancing work on the Aukam graphite project with plans to move it into production in the near term."

About Next Graphite, Inc.

Next Graphite, Inc. is an exploration/development stage company targeting the growing global graphite production industry with the Company's 125,000-acre Africa-based Aukam Graphite Project. The Aukam Graphite Mine was established in 1940 in the current Republic of Namibia, produced USD$30 million of graphite at today's prices. The Graphite property is estimated to still contain a significant amount of high grade, vein type graphitic material. Global graphite demand is being driven by the development of new markets for clean and efficient energy alternatives, smart grid infrastructure and military capabilities. Next Graphite has an immediately available, surface-visible, estimated 140,000-tonne mine heaps along with competitive projected mining and processing costs. The completion of GPNE's Aukam Graphite Mine re-launch and development activities are expected to result in a multi-million dollar inward investment into Namibia.

For more information, please visit: www.nextgraphite.com.

About Micron Investments PTY, Ltd.

Micron is a private Namibia-based company with expertise in geology, engineering, mining, funding and marketing of commodities. Micron's principals have significant experience in Namibia and beyond in mining exploration and development.

Safe Harbor Statement

This press release contains forward-looking statements made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward looking statements are based upon the current plans, estimates and projections of Next Graphite Inc.'s management and are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. Such statements include, among others, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in Africa, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements. Among others, could cause actual results to differ from those set forth in the forward-looking statements: business conditions in Africa, general economic conditions; geopolitical events and regulatory changes, availability of capital, the Company's ability to maintain its competitive position and dependence on key management. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

SOURCE: Next Graphite, Inc.


Caribou to Acquire Micron Investments for Acquisition of Aukam Graphite Mine
Published on July 24, 2015 at 2:02 AM
CARIBOU KING RESOURCES LTD. ("Caribou" or the "Company") announces it has signed an agreement to acquire Micron Investments Pty. Ltd. which holds an option to acquire 63% of the Aukam Mine located on 125,000 acres in southern Namibia's Karas Region, within the Betaine district, due north of South Africa.

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GPNE News - Caribou Signs Agreement to Acquire Next Graphite's (GPNE) Aukam Graphite Mine in Namibia Baystreet.ca   "Standard Equities Feed"
VANCOUVER, BC / ACCESSWIRE / July 28, 2015 / CARIBOU KING RESOURCES LTD. ("Caribou" or the "Company") (TSX VENTURE: CKR) (FRANKFURT: CB8.F) (OTCBB: CBULF) announces it has signed an agreement to acquire Micron Investments Pty. Ltd. which holds an option to acquire 63% of the Aukam Mine located on 125,000 acres in southern Namibia's Karas Region , within the Betaine district, due north of South Africa .

"We see this acquisition as an opportunity to diversify our asset base into a jurisdiction that is considered by many to be one of the most mining friendly areas in the world," states President Mike England . "Aukam is the only past producer of graphite in Namibia and we look forward to redeveloping the site using modern technology and knowledge."

The Aukam Mine is owned by Next Graphite Inc. (OTC Markets: GPNE) and is based in Carson City, Nevada USA. Infrastructure at the Aukam Graphite project is good with access to the site possible throughout the year. The site is relatively close to a main tar road plus has a national power grid that passes two kilometers from the property. Water is available in large amounts from underground aquifers with an old pump station at the foot of the mountain which was used previously to supply operations with water.

Terms of the deal call for Caribou to issue 3.5 million shares to arms-length vendors and incur up to $1.1 million in expenditures over an eighteen month timeframe with the year one cash commitment being approximately $125,000 .

The shares shall be issued upon closing of this transaction and released for trading on the following schedule: the first 25% to be released 4 months from the date on which the Purchaser receives all necessary approvals with respect to Aukam (the "Trigger Date"); 25% in 8 months from the Trigger Date; 25% in 12 months and the final 25% 16 months from the Trigger Date.

This transaction is subject to TSX Venture Exchange approval.

Buckingham

Phase two work at Buckingham is set to commence in the coming weeks. An extensive Max-Min EM survey as well as test lines of IP program on the Uncle and the newly discovered Case zone is planned with a drill program scheduled to follow. The Company is expecting the balance of results in the near future from the recently completed sampling program at the Buckingham project.

Global graphite demand is being driven by the development of new markets for clean and efficient energy alternatives, smart grid infrastructure and military capabilities.

Caribou also announces that at this point it will put on hold discussions and plans to ship further graphite samples to the European based analytical company previously announced.

The technical contents of this release were approved by Marvin Mitchell , P.Eng . and a Qualified Person as defined by National Instrument 43-101.

Caribou King Resources Ltd. (TSX VENTURE:CKR) is a publicly-traded, Canadian junior exploration company that holds a portfolio of highly prospective graphite projects at various stages of exploration and assessment.

For more information, visit the website at www.caribouking.com.

On Behalf of the Board of Directors,

CARIBOU KING RESOURCES LTD.

"Michael England", CEO and Director

"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange ) accepts responsibility for the adequacy or accuracy of this release."

FORWARD-LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).

Caribou King Resources Ltd. [phone] [e-mail] www.caribouking.com SOURCE: Next Graphite Inc.