Big North Graphite Corp. (TSXV:NRT) completed its third consecutive month of amorphous graphite sales. Big North Graphite also announced the near completion of its previously announced processing facility in Mexico, with equipment soon to be shipped.
As quoted in the press release:
The month’s sales totaled 197 tons, with the graphite screened to a ¾ minus product at the Company’s processing facility located in Sonora, Mexico. The finished graphite product was sold and delivered to a customer within Mexico. Further, the Company is nearing completion of its previously announced processing facility (see News Release dated April 22, 2013).
The equipment, purchased in the Southwestern US, is currently being tested in Arizona and will soon be shipped to the Company’s processing facility located near La Colorada, Mexico. With the addition of this crushing circuit, the Company will be able to crush and size the current stockpile of oversize material to a 1/4 minus product, giving Big North the ability to market a variety of sizes of graphite. In addition to the implementation of equipment at Big North’s processing facility, the Company is continuing test mining at the Nuevo San Pedro Mine and continues to purchase graphite from local miners to be processed and sold from the processing facility.
Big North Graphite President Spiro Kletas said:
This marks our third consecutive month of sales of amorphous graphite from our projects in Sonora, Mexico. We are pleased to have made this level of progress in such a short period. The Company will continue to focus on increasing production, enhancing processing, growing sales and securing long-term offtake partners. The completion of the processing facility will be very beneficial to Big North achieving such goals.