LOS ANGELES, CA, April 03, 2018 (GLOBE NEWSWIRE) -- Next Graphite, Inc. (OTC PINK: GPNE) ("Next Graphite," "GPNE" or the
"Company"), a graphite development company out of the Republic of Namibia and co-license joint interest holder in the Aukam vein
graphite project, is pleased to announce that major progress is continuing regarding completion of the pilot processing facility at
its mining site at Aukam.
The main work being carried out by our joint venture at the Aukam site since our last press release is construction. The
construction includes assembling of the pilot processing facility that will be used to process initial market product for end users
to test its viability in certain end uses at scale.
In preparation for the commissioning of the plant, graphite lumps have been transported and stockpiled and further readied for
processing.
Almost all of the plant components have been acquired from South Africa and Namibia, which simplifies the procurement
significantly from the other options in China and Sri Lanka.
“I continue to be very pleased with the progress Next Graphite has accomplished with our joint venture partner at Aukam,” said
Cliff Bream, CEO of Next Graphite.
Next Graphite’s joint venture partner is Gratomic Inc. (“GRAT” or the “Company”) (GRAT.V) (CB81.F) (WKN:A2JAP3).
About Next Graphite, Inc.:
Next Graphite, Inc. is a development stage company targeting the growing specialty graphite production industry. The Company’s
Africa-based Aukam Graphite Mine was established in 1940 in the current Republic of Namibia and produced USD $30 million of
graphite at today's prices. The site is located on approximately 69,000 acres (27,870 hectares) in southern Namibia close to the
port city of Luderitz and is estimated to contain a significant amount of high grade, vein type graphitic material.
The property hosts three underground adits that were mined periodically between 1940 and 1974. Five dumps from the historical
mining occur on the property. The Company is working to transition from its current exploratory license to a full mining license
and complete construction of a new graphite processing facility in 2018. Next Graphite’s joint venture in Namibia maintains high
safety and environmental standards and has a comprehensive strategy of social engagement.
For more information, please visit: www.nextgraphite.com.
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.
CONTACT:
Bill King
ir@nextgraphite.com
(949) 922-8352
SOURCE: Next Graphite, Inc.
For graphite product enquiries:
Arno Brand, +1 416-561-4095 abrand@boswellprojects.com