Saint Jean Carbon Inc. (TSXV:SJL) provided an update on recent and planned business development activities, including property acquisitions and work programs.
As quoted in the press release:
The Company’s most recent proposed Quebec addition is the Clot lump graphite property (the “Clot Property”). This site, along with its Walker, Wallingford, and St. Jovite properties (the “Canadian Properties”), were all past producers, and are all within operational distance of each other.
Property Work Programs
It is expected that the Walker program in particular will be able to include a drill program once the Company’s geologists have been able to map out a grid of suitable targets.
Customer Contracts and Revenue Generation
In early January 2014 the Company announced that it had entered into a non-binding agreement to acquire the working operations of Minmet Carbon Inc. (the “Minmet Acquisition”). Given the critical importance of product knowledge, graphite marketing and distribution, and customer contacts, the addition of Minmet and its key principal, Mr. Chris Wood, represented a fundamental broadening of Saint Jean’s market presence.