SOURCE: Next Graphite, Inc.
NEW YORK, NY and WINDHOEK, NAMIBIA--(Marketwired - May 27, 2014) - Next Graphite, Inc. (OTCQB: GPNE) ("Next Graphite", or the "Company"), a development stage company in Africa's Republic of Namibia that targets the growing global graphite production industry and market demand, today announced that Graphite Investing News (www.graphiteinvestingnews.com) has initiated coverage of Next Graphite, Inc. Graphite Investing News and its parent company, Resource Investing News, reaches more than 200,000 investors and industry specialists worldwide.
"We believe we have one of the best, undiscovered graphite plays in the mining and metals space," began Cliff Bream, CEO of Next Graphite, Inc. "Graphite's profile has been substantially elevated in the last year as major companies like Tesla have identified graphite as a strategic need to build the lithium-battery power plants needed by electric vehicles and hybrids. While this is a fast-growing market in itself, many other industries require natural, flake graphite for its unique properties and preferred option versus synthetic graphite. The fact that we hope to be close to re-igniting our Aukum graphite site after we re-assess the purity of our graphite flake is yet another reason we believe our partnership with Graphite Investing News is timely for investors hungry for a new and unique investment opportunity in Next Graphite's GPNE shares."
GraphiteInvestingNews.com is one of 34 interconnected websites published by the Investing News Network® which provide unbiased, independent news and content to educate investors on the opportunities and risks associated with the resource industry. The network of commodity specific sites educates investors about what is influencing the markets and provides news on publicly traded exploration and mining companies. Across their network of editors, writers and researchers, GIN brings unbiased, independent news and information for investors, miners and end users interested in Graphite. GIN covers a growing portfolio of Graphite companies and stocks listed on US, Canadian and international exchanges. Its mission is to become the world's number one source of independent, news and education helping investors realize their financial goals.
"We identified Next Graphite, Inc. shortly after they became public late last year," opened Chris Smith, Managing Director of Graphite Investing News. "Graphite exploration companies and graphite producers have been one of the most widely-followed sectors by our readers and investors on our platforms. The rapid growth of electric and hybrid-vehicle market has focused smart investors on the supply this necessary raw material, graphite. We are also excited to be working with another African mining operation. We follow mining expenditure globally and now the labor cost is lower in many African countries than China we expect increased development activity in Africa."
About Next Graphite, Inc.:
Next Graphite, Inc. is a development stage company targeting the growing global graphite production industry with the Company's 125,000-acre Africa-based Aukam Graphite Mine. The Aukam Graphite Mine was established in 1940 in the current Republic of Namibia, produced USD$30 million of graphite at today's prices, and is estimated to hold over 4 million tons of natural, high-grade, large-flake, hydrothermal-sourced graphite deposits. Global graphite demand is being driven by the development of new markets for clean and efficient energy alternatives, smart grid infrastructure and military capabilities. Next Graphite has an immediately-available, surface-visible, estimated 140,000-ton stockpile, along with competitive projected mining and processing costs. The completion of GPNE's Aukam Graphite Mine re-launch and development activities is expected to result in a multi-million dollar inward investment into Namibia in 2014-2015.
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 Resource Acquisition'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.