Graphano Commends Canada's New Major Projects Office as a Driver for North American Graphite Production
Graphano's Resource Estimate: Graphano Energy Ltd. announced a significant mineral resource estimate at its Lac Saguay graphite project, with 1,640,000 tonnes of indicated resources and 1,580,000 tonnes of inferred resources, both at 7.00% graphitic carbon.
Impact of Canada's Major Projects Office: The launch of Canada's Major Projects Office aims to expedite approval processes for major projects, particularly in critical minerals, reducing timelines from five years to two, which is beneficial for Graphano's development plans.
Market Demand for Graphite: With increasing demand for graphite in industries like electric vehicle batteries and energy storage, Graphano's projects are positioned to strengthen the North American and European supply chains, especially as U.S. tariffs on Chinese imports create a need for local alternatives.
Upcoming Initiatives: Graphano plans to undertake several near-term initiatives, including drilling programs, bulk sampling, and economic evaluations, while also engaging with the Major Projects Office to facilitate project advancement.
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