Great Lakes Graphite Executes Distribution Agreement with Graphene Laboratories

TORONTO, Nov. 20, 2017 (GLOBE NEWSWIRE) — Great Lakes Graphite Inc. (“GLK” or the “Company”) (TSX-V:GLK) (OTC PINK:GLKIF) (FWB:8GL) today announces that the Company has executed a product distribution agreement with Graphene Laboratories, a wholly-owned subsidiary of Graphene 3D Lab Inc. (“GGG”) (TSX-V:GGG) (OTCQB:GPHBF), a leading provider of graphene products that enables Graphene Laboratories to offer Great Lakes Graphite’s high purity micronized graphite products in their online store, Graphene Supermarket (www.graphene-supermarket.com), effective immediately.

Mg-4599 Micronized Graphite and SEM Image
Micronized flake graphite products are now available to retail customers in the Graphene Supermarket online store.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/688dbc07-2142-47e9-a26e-8237df816c1d

Highlights

  • Great Lakes Graphite and Graphene Laboratories have executed a Distribution Agreement.
  • Graphene Supermarket now offers high quality micronized graphite provided by Great Lakes Graphite.

Great Lakes Graphite and Graphene Laboratories have executed a distribution agreement

The distribution agreement executed by Great Lakes Graphite and Graphene Laboratories serves the interests of both companies. Through this agreement, Graphene Laboratories is now able to expand the number of high quality carbon products available to their customers.

Micronized graphite products are used by customers in a wide variety of industries for a wide variety of applications that include composite materials, electronics, batteries, lubricants, coatings and friction products. Great Lakes Graphite sources Brazilian graphite and further processes and purifies it in the USA. Working with partners to micronize and purify graphite enables Great Lakes to create standard and customized products, to customer specifications. As a result GLK can offer a material with outstanding quality that is consistent from batch to batch.

Micronized Graphite products are available now in Graphene 3D Lab’s online store.

The following Great Lakes Graphite products are available now through the online store:

  • Micronized Flake Graphite, 96% carbon content, multiple particle sizes
  • High Purity Micronized Flake Graphite, 99%+ carbon content, multiple particle sizes

For more information: https://graphene-supermarket.com/Micronized-Graphite/

Graphene Laboratories’ CEO Elena Polyakova said, “Our Graphene Supermarket are well-established brands that have been built over time with a reputation for quality and innovation. We have sold products to over 15,000 customers in the technology arena. Adding high quality micronized graphite products to our offerings and partnering with Great Lakes Graphite provides multiple long-term benefits and a reliable partner who can supply high-quality graphite materials that were manufactured in the USA.”

GLK CMO Paul Ferguson said, “The Great Lakes Graphite team is working hard to establish itself as a premium global supplier of quality carbon materials. A recently announced purchase order with a large corporation for an initial quantity of 50,000 pounds is an important step in this direction. We continue to look for new markets and customers for advanced carbon materials. We are confident that offering our cutting-edge materials to thousands of customers through Graphene Supermarket will help us greatly expand our reach and provide us with a path for aggressive revenue growth.”

About Graphene 3D Lab, Inc.: Graphene 3D Lab, Inc. is a world leader in the development, manufacturing, and marketing of proprietary composites and coatings based on graphene and other advanced materials. These diverse materials have a wide spectrum of commercial, research, and military applications. The Company’s suite of products is available online at the company’s e-commerce platform (Graphene Supermarket).

The 3D printing division of the Company offers a portfolio of 3D printable filaments. These materials can be purchased through multiple distribution networks worldwide or directly from the web-store BlackMagic3D.

Adhesive materials produced by the company are distributed under G6-EpoxyTM trade name and can be purchased at G6-Epoxy.com.

The Graphene 3D facility is located in Calverton, NY and is equipped with material processing and analytical equipment. The company has eight US patent applications pending for its technology. For more information on Graphene 3D Lab Inc., visit www.graphene3dlab.com.

About Great Lakes Graphite: Great Lakes Graphite is a Clean Technology Minerals Processing Company supplying customers with innovative, high quality value-added carbon products.

There is no significant graphite production in North America now. As pricing and demand continue to rise, Great Lakes Graphite is one of the first new domestic suppliers to a growing regional customer base. We continually work to deliver products of the best quality with outstanding customer service.

The Company is party to an agreement for long-term supply of high quality natural graphite concentrate from Brazil. Great Lakes Graphite is presently working with an established US-based processor for toll micronization services. The Company has partnered with Ashland Advanced Materials for commercial-scale purification operations at Ashland’s 110,000 square foot purification facility located in Niagara, New York.

Through our partner relationships, Great Lakes Graphite began selling micronized synthetic graphite beginning in 2016 and now supplies micronized and high purity micronized natural flake graphite products to a growing customer base.

Further information regarding Great Lakes can be found on the Company’s website at: www.GreatLakesGraphite.com.

Great Lakes Graphite trades with symbol GLK on the TSX Venture Exchange and currently has 125,656,830 shares outstanding.

For more information, please contact:

Paul Ferguson
Chief Marketing Officer
Email: PFerguson@GreatLakesGraphite.com 
1-800-754-4510 x106

Paul Gorman
Chief Executive Officer
Email: PGorman@GreatLakesGraphite.com 
1-800-754-4510 x109

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

Caution Regarding Forward Looking Information: Certain statements in this press release may constitute “forward looking information” which involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward looking information. When used in this press release, such forward looking information may use such words as “may”, “will”, “expect”, “believe”, “plan” and other similar terminology. Forward looking information is provided for the purpose of presenting information about management’s current expectations relating to the future events and the operating performance of the Company, and readers are cautioned that such information may not be appropriate for other purposes. The forward looking statements involve a number of risks and uncertainties. These risks and uncertainties include, but are not limited to, the ability of the Company to fulfill the orders and future orders, regulatory requirements, general economic, market or business conditions and future developments in the sectors of the economy in which the business of Great Lakes operates. The foregoing list of factors is not exhaustive. Please see the Company’s financial statements, MD&A and other documents available on www.sedar.com , for a more detailed description of the risk factors. The Company undertakes no obligation to update publicly or revise any forward looking information, whether a result of new information, future results or otherwise, except as required by law.

Imperial Announces Rights Offering

VANCOUVER, British Columbia, Nov. 20, 2017 (GLOBE NEWSWIRE) — Imperial Metals Corporation (the “Company”) (TSX:III) announces that, further to its news releases dated October 27, 2017 and November 2, 2017 respectively, it will conduct a rights offering to raise net proceeds of up to approximately C$42.4 million, through the issuance of rights to subscribe for an aggregate of 19,080,978 common shares of the Company at a subscription price of C$2.25 per common share.

The offering is being made to all existing shareholders in eligible jurisdictions, as disclosed in Company’s rights offering circular (referred to below).

The following insiders (the “Committed Insiders”) have agreed to exercise all of their rights and to cause their affiliates to do so: N. Murray Edwards (“Edwards”), a significant shareholder of the Company; Brian Kynoch, the President of the Company; and Larry Moeller, a director of the Company.  The rights to be issued to the Committed Insiders and their affiliates represent approximately 43% of the rights offering. Fairholme Capital Management, LLC (“Fairholme”) has advised that, subject to the exercise of its fiduciary duties and applicable regulatory and other restrictions, it intends to exercise the rights to be received by certain funds or accounts over which Fairholme exercises discretionary management authority.

The Company has entered into a stand-by guarantee agreement (the “Stand-By Agreement”) with Edwards and East Lane LLC (“East Lane” and together with Edwards, the “Guarantors”).  Edwards is the largest shareholder of the Company.  The investments of East Lane are managed by Fairholme, and the common shares of the Company held by East Lane are under the direction or control of Fairholme. 

Subject to and in accordance with the terms of the Stand-By Agreement, the Company may require the Guarantors to purchase the common shares issuable under the rights offering, which remain unsubscribed for by the holders of the rights, in the following proportions:  Edwards – 70%; East Lane – 30% (collectively, the “Stand-by Guarantee”). As compensation for performing their obligations under the Stand-By Agreement, the Company expects to pay the Guarantors a cash fee equal to 3% of the gross proceeds of the portion of the Offering they are each guaranteeing, which excludes proceeds from the exercise of rights issued in respect of Common Shares owned by the Guarantors, the Committed Insiders, or their respective affiliates, and also excludes common shares under the direction or control of Fairholme.

The persons who currently hold 10% or more of the Company’s common shares or would own 10% or more upon completion of the rights offering are anticipated to be as follows:


Name and address of Shareholder
Shares held before rights offering Shares held after rights offering(1)
Number % Number %
Mr. N. Murray Edwards and Edco Capital Corporation 36,750,980 38.52 % 51,735,396 45.19 %
Fairholme Capital Management, LLC (“Fairholme”)(2) 21,742,282 22.79 % 25,014,091 21.85 %

(1) Assumes:
    – No Rights are exercised by persons other than the Committed Insiders and their respective affiliates; and
    – Fulfillment of the Stand-by Guarantee.

(2) Represents shares held by funds and accounts managed by Fairholme on a discretionary basis, over which Fairholme has direction or control, including common shares held by East Lane.

Edwards has advised that the securities to be acquired under the rights offering are being acquired for investment purposes and he intends to evaluate his investment in the Company and to increase or decrease his beneficial shareholdings from time to time, as he may determine appropriate, for investment purposes.

A copy of the early warning report being filed by Mr. Edwards may be obtained by contacting Sabine Goetz at (604) 488-2657.

The Company intends to use of a significant portion of the proceeds from the rights offering on capital expenditures and general working capital purposes. Included within “capital expenditures” are costs associated relocating mobile equipment from the Huckleberry mine to the Red Chris mine to increase the mining rate, change out of major components, deferred stripping, and dredging of the tailings from the Springer pit at the Mount Polley mine. Included within the category “general working capital purposes” are general working capital requirements for all of the Company’s business operations, including interest payments in respect of the Company’s outstanding Senior Credit Facility and the Second Lien Credit Facility, Senior Unsecured Notes, and other corporate indebtedness, general corporate and administrative activities and general exploration activities.

The offering is being made to the holders of Imperial’s common shares of record at the close of business (Pacific Time) on November 23, 2017.

The Company will issue one right for each outstanding common share. Each right will be exercisable to acquire 0.2 common shares of the Company, upon payment of the subscription price per common share. Fractional shares will not be issued and any fractions will be rounded down to the nearest whole number. To illustrate: an eligible holder of 10,000 shares as of the record date would be issued 10,000 rights, which would entitle the holder to subscribe for 2,000 shares (10,000 x 0.2) for an aggregate price of $4,500 (2,000 x $2.25).

The rights will trade on the Toronto Stock Exchange under the symbol “III.RT” commencing on November 22, 2017 and will trade until 9:00 a.m. (Pacific Time) on December 22, 2017. The rights will expire at 2:00 p.m. (Pacific Time) on December 22, 2017 (the “Expiry Time”), after which time unexercised rights will be void and of no value. Shareholders who fully exercise their rights will be entitled to subscribe for additional shares in the rights offering, if available, as a result of unexercised rights prior to the Expiry Time, subject to certain limitations set out in Imperial’s rights offering circular.

A rights offering notice and rights certificate will be mailed to each registered shareholder of the Company resident in Canada and certain other eligible jurisdictions as at the record date. Registered shareholders who wish to exercise their rights must forward the completed rights certificate, together with the applicable funds, to the rights agent, Computershare Investor Services Inc., on or before the Expiry Time. Eligible shareholders who own their shares through an intermediary, such as a bank, trust company, securities dealer or broker, will receive materials and instructions from their intermediary.

Further details of the rights offering are contained in the Company’s rights offering circular, which has been filed on SEDAR under the Company’s profile at www.sedar.com and may also be obtained at the Company’s website at www.imperialmetals.com, from your dealer representative or by contacting the Chief Financial Officer at 604.488.2666 or by email at adeepwell@imperialmetals.com.  The Company is also registering the offer and sale of the shares issuable on exercise of the rights on a Form F-7 registration statement under the U.S. Securities Act of 1933, as amended.  Shareholders in the United States should also review the Company’s Registration Statement on Form F-7 which has been filed with the United States Securities and Exchange Commission and can be found at www.sec.gov and may also be obtained by contacting the Chief Financial Officer at 604.488.2666 or by email at adeepwell@imperialmetals.com.

The offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the acceptance of the Toronto Stock Exchange.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these 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.

About Imperial

Imperial is a Vancouver based exploration, mine development and operating company. The Company, through its subsidiaries, owns the Red Chris, Mount Polley and Huckleberry copper mines in British Columbia. Imperial also holds a 50% interest in the Ruddock Creek lead|zinc property in British Columbia.

Company Contacts
Brian Kynoch | President | 604.669.8959
Andre Deepwell | Chief Financial Officer | 604.488.2666
Gordon Keevil | Vice President Corporate Development | 604.488.2677
Sabine Goetz | Shareholder Communications | 604.488.2657 | investor@imperialmetals.com

Forward-Looking Information and Risks Notice

Forward-looking statements relate to future events or future performance and reflect Company management’s expectations or beliefs regarding future events and include, but are not limited to, specific statements regarding the rights offering, the stand-by commitment of Edwards and the intended use of proceeds raised under the rights offering. In certain cases, forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “outlook”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative of these terms or comparable terminology. In this document certain forward-looking statements are identified by words including “guidance”, “expectations”, “targeted”, “plan”, “planned”, “estimated”, “calls for” and “expected”. Forward-looking information is not based on historical facts, but rather on then current expectations, beliefs, assumptions, estimates and forecasts about the business and the industry and markets in which Imperial operates, including assumptions that: the Company will receive all necessary regulatory, stock exchange and third party approvals in respect of the rights offering; the Committed Insiders will exercise their rights; the Guarantors will backstop the rights offering and Fairholme and its affiliates will exercise all of their rights under the rights offering; the timing of the rights offering will meet the Company’s expectations based on its business and operational requirements; the rights offering will provide sufficient liquidity to support the Company’s intended use of the proceeds therefrom. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. We can give no assurance that the forward-looking information will prove to be accurate.

By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks that the rights offering will not provide the expected liquidity or benefits to the Company’s business or operations; risks that required consents and approvals will not be received in order to advance or complete the rights offering; operational risks and hazards, including unanticipated environmental, industrial and geological events and developments and the inability to insure against all risks; risks of failure of plant, equipment, processes, transportation and other infrastructure to operate as anticipated; and other risks of the mining industry as well as those factors detailed from time to time in the Company’s interim and annual financial statements and management’s discussion and analysis of those statements, all of which are filed and available for review on sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking statements.  

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Nevada Zinc Core Drills 16.62 metre (54.5 foot) interval assaying 12.79% Zinc and 8.84% Lead (21.63% zinc+lead) in an overall interval of 91.5 metres (300 feet) averaging 7.67% Zinc and 1.91% Lead (9.58% zinc+lead)

TORONTO, Nov. 20, 2017 (GLOBE NEWSWIRE) — Nevada Zinc Corporation (“Nevada Zinc” or the “Company”) (TSX-V:NZN) is pleased to announce the first cored drill hole assay results from its 13 hole core drill program recently completed at the Company’s Nevada based Lone Mountain Zinc Project. Results for 11 of the confirmation and step-out core drill holes are pending.

The Company’s drill program is the first core drill program completed on the Lone Mountain Zinc Project since the 1940s and follows up on the Company’s 83 reverse circulation drill holes completed between 2014 and 2016.

Bruce Durham, President and CEO of Nevada Zinc, commented: “Assay results from our first core hole exceeded expectations. The RC discovery hole we drilled at this location in 2014 returned a high grade and extensive interval of zinc and lead mineralization grading 7.56% zinc + lead over 89.92 metres. This  core hole returned a slightly longer interval of 91.5 metres, however, it assayed more than 26% higher than the RC drill hole, assaying a combined  9.58% zinc + lead over the 91.5 metre or 300 foot interval. With current strong zinc prices and a forecast for a continuation of strong zinc prices going forward our Lone Mountain Zinc Project is very well positioned and we are anxious to receive the remaining assay results from this initial core drill program.”

Highlights

Core hole assay results from NLM-17-01 include a 16.62 metre (54.5 foot) interval assaying 12.79% zinc and 8.84% lead (21.63% zinc + lead) within an overall interval of 91.5 metres (300 feet) grading 7.67% zinc and 1.93% lead (9.58% zinc + lead). 

Hole NLM-17-01 twinned the original RC drill hole (NLM-14-01) at that location. The RC drill hole intersected an interval of 89.92 metres (295 feet) assaying 6.22% zinc and 1.34% lead (7.56% zinc+lead). Drill hole NLM-17-01 provides important comparative assay information as well as geological data that will be used in the Company’s continuing analysis and future reporting.

The average grade of core hole NLM-17-01 is a significant 26.7% higher than the average grade in RC drill hole NLM-14-01.

Core hole assay results are still pending for 11 additional holes.

The top of the mineralization in core hole NLM-17-01 is at a vertical depth of approximately 100 metres.

The overall 91.5 metre interval in hole NLM-17-01 included approximately 15.24 metres (50 feet) of areas with little or no core recovery that were included at zero grade in the interval average thereby reducing the overall reported average grade.

Hole NLM-17-02 intersected 18.3 metres (60 feet) of mineralization grading 4.6% zinc approximately 25 metres behind (to the northeast of) the intersection in RC hole NLM-16-64, one of the deepest holes on the Lone Mountain property.

HOLE ID   From (m)   To (m)      Interval(m)   Zn %   Pb%   Zn+Pb %
NLM-17-01   118.04   209.54   91.50   7.67 1.91   9.58
including   118.04   134.66   16.62   12.79 8.84   21.63
and   157.38   168.36   10.98   16.34 1.24 17.58
and   198.86   204.96   6.10   20.08 0.06 20.14
                     
 NLM-17-02      226.62       244.92   18.3      4.6   .001   4.6 

Hole NLM-17-01 drilled at -70 degree dip, 180 degrees azimuth and hole NLM-17-02 drilled at -88 degrees dip and 120 degrees azimuth.

True widths are not known at this time.

An updated location map is provided on the Company’s website: www.nevadazinc.com.

About Nevada Zinc

Nevada Zinc is a discovery driven, early-stage mineral exploration company with a proven management team focussed on identifying unique opportunities in mineral exploration that can provide significant value to its shareholders.

While the Company continues to maintain a significant equity interest in the highly prospective Yukon gold properties through its majority ownership position in Generic Gold Corporation (“Generic Gold”), the current focus of the Company is the exploration and advancement of the Lone Mountain Zinc Project comprised of 224 claims covering approximately 4,000 acres near Eureka, Nevada.

The Lone Mountain Zinc Project is located in east-central Nevada and is easily accessible via paved and gravel roads northwesterly from Eureka where all essential services are available. The Project includes options, leases or purchase agreements to acquire 100% interests in all properties along the key structural trend for more than 4 kilometres.

The Company has completed 83 reverse circulation drill holes on its Lone Mountain Zinc Project and  recently completed an initial 13 hole diamond drill hole program on the property. Results from the RC drilling programs showed numerous broad intervals of medium to high grade non-sulphide zinc mineralization in two locations both of which are located between surface and a depth of approximately 250 metres.

The Company also recently obtained the right under an option agreement to earn up to an 80% interest in the MacBride Zinc Project in northern Manitoba (see the Company’s press release dated October 23, 2017).

Additional information about the Company is available on the Company’s website: www.nevadazinc.com.

Bruce Durham P.Geo, President and CEO of Nevada Zinc, is a Qualified Person, as that term is defined by Canadian regulatory guidelines under National Instrument 43-101, and has read and approved the technical information contained in this press release.

About Majority Owned Generic Gold

Generic Gold is a Toronto based mining company exploring targets in the Tintina Gold Belt in the Yukon Territory of Canada. Since incorporation on May 30, 2017, Generic Gold has raised approximately $2.4 million to fund its 2017 and 2018 exploration programs and has completed diamond drilling on its Livingstone project, trenching on its VIP project, and has commenced reverse circulation drilling on its Goodman project. Generic Gold is currently pursuing a going public transaction which is expected to be completed within the next 45 to 60 days. Nevada Zinc currently owns 25 million common shares of Generic Gold or approximately 75% of the issued and outstanding common shares. For further information on Generic Gold’s property portfolio and exploration activities please visit the company’s website at genericgold.ca.

For further information contact:

Nevada Zinc Corporation
Suite 1660 141 Adelaide St. West
Toronto, Ontario M5H 3L5
Tel: 416-504-8821

Bruce Durham, President and CEO
bdurham@nevadazinc.com

www.nevadazinc.com

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.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc.  Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties.  Actual results relating to, among other things, the ability to complete the Business Combination, results of exploration, project development, reclamation and capital costs of the Company’s mineral properties, and the Company’s financial condition and prospects, could differ materially from those currently anticipated in such statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company’s forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.

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