Financial Post | Business

By Greg Klein

Strike Gold is now Strike Graphite (TSXV:SRK). The new name reflects a new focus that’s been evident since September, when the company acquired two Saskatchewan graphite properties, Simon Lake and Deep Bay East. Since then, Strike has hit the fast track with ambitious exploration plans and, just yesterday, another acquisition, the Wagon Graphite Property in Quebec.

“Our advantage is first-mover advantage,” says Corporate Development Manager Damien Lowry. “We’re getting aggressive with exploration; we look to be the next company to resource in 4Q; and we’re dealing with an exploding sector. I don’t think many people realize how many mines have to come on board to satisfy the demand for large-flake graphite.”

Lithium-ion batteries, fast becoming the standard for digital devices as well as the rapidly expanding electric-vehicle sector, depend on large-flake, high-purity graphite. So do fuel cells, solar panels and next-generation pebble-bed nuclear reactors. News from…

View original post 932 more words

Advertisements