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E-Tech Resources, a rare earth exploration and development company developing its Eureka Rare Earths Project in Namibia, has entered into a definitive agreement to acquire an 85% interest in exclusive prospecting license 8748 (EPL 8748). The project is situated next to the national B1 highway in the Erongo Region of Namibia.
Metallurgical testwork indicates that the Lindi Jumbo Project can produce concentrate that contains a “best-in-class” flake distribution of up to 75% above 180 microns (µm) of high purity (>95% TGC) through an industry-standard floatation flowsheet. This includes up to 25% of the graphite flakes above 500 µm (+35 mesh).
Canada-based Northern Graphite Corporation has closed its previously announced acquisition of the producing Lac des Iles graphite mine (LDI) in Québec from a subsidiary of Imerys SA and the Okanjande graphite deposit/Okorusu processing plant in Namibia from a subsidiary of Imerys and its joint venture partner. Sprott invested CDN$3.75
First, environmental plant closures in the raw material coal needle coke industry hampered the production of graphite electrodes. Meanwhile, needle coke is being increasingly diverted into the battery market. Batteries underpin growth in natural graphite. China remains the center of the graphite industry.
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