Developments Continue to Reposition Company as a Commercial Enterprise May 25, 2016, Toronto: Great Lakes Graphite Inc. (“GLK” or the “Company” TSX-V:GLK, OTC PINK:GLKIF, FWB:8GL) today announces that the Company has recently completed end-to-end commercial transactions from order to delivery with two local customers, marking completion of a key initial step in the transition of the company towards becoming a commercial enterprise. Each of the customers has ordered and received material that will be used for product qualification and performance testing. Material used to fulfill these orders was produced at a pilot plant facility and is representative of products that will be produced at Matheson.
Great Lakes Graphite CEO Paul Gorman said, “Advancing the Company to the point where we are now prepared and able to accept and fulfill purchase orders from customers has required a sustained and focused effort from a highly-motivated team. A manageable number of modest purchase orders are enabling us to build out the internal systems and capabilities we require to rapidly scale our business. This approach enables us to ensure the that internal procedures and controls are implemented and working as designed in advance of the next steps for the Company.”
Product Qualification Opens Marketing Channel
Following several months of product quality and performance testing, Great Lakes Graphite is finalizing details of a joint marketing agreement with one of the world’s premier advanced materials solutions providers. GLK’s new marketing partner is a Fortune 500 company that develops, manufactures and markets highly engineered advanced materials for global customers across a wide range of markets, including consumer electronics, defense and science, industrial and aerospace, automotive electronics, telecommunications infrastructure, appliances, medical and energy.
Preparations for Commissioning Advance at Matheson
Activities to continue preparing the plant for commissioning have been greatly facilitated by energizing of the facility. Availability of power has enabled the Company to move forward with testing all of the components that are involved in the micronization circuits at the plant. In addition to activities directed at the flowsheet components, other recent activities include a workplace safety audit and a number of initiatives targeted at improving security and providing necessary workplace amenities. Paul Adams, President of Northfil Resources Limited, said “Following a recent site visit, we are extremely pleased with the significant milestones achieved by Great Lakes and are very excited about the future.”
