Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Pacific Daily journalist was involved in the writing and production of this article.
Applied Graphite Technology Secures $300,000 from key investor for Queens Mine Complex Exploration
–News Direct–
Applied Graphite Technology Corporation CEO Don Baxter joined Steve Darling from Proactive to announce a significant milestone for the company. Applied Graphite has closed a non-brokered private placement with a strategic investor for $300,000. The net proceeds will be used for the exploration of the Queens Mine Complex graphite project.
Baxter discussed ongoing efforts at the Queen's Mine complex in Sri Lanka, including permitting and rapid progress towards obtaining mining licenses. The company aims to start production by mid to late fall, focusing on extracting high-purity graphite (95% carbon) without the need for extensive processing facilities. This natural graphite is essential for lithium-ion batteries, particularly for the anode component, and has a smaller environmental footprint compared to synthetic graphite.
The high quality and low capital expenditure of Applied Graphite Technologies' product make it attractive for the battery industry, including applications in electric vehicles and stationary storage. Baxter highlighted the proven effectiveness of their graphite in battery anodes, reinforcing the company's strategic importance in the market.
Contact Details
Proactive North America
+1 604-688-8158
NA-editorial@proactiveinvestors.com
View source version on newsdirect.com: https://newsdirect.com/news/applied-graphite-technology-secures-300-000-from-key-investor-for-queens-mine-complex-exploration-573482119
Applied Graphite Technologies Corporation
COMTEX_452968258/2655/2024-05-27T12:47:34
Related News
ELONXCAT Token Presale: The First Multichain SpaceX & X led by Elon Musk Meme Coin Revolution on Binance Smart Chain
Spread the love The pre-sale of ELONXCAT tokens on its website and pink sale hasRead More
Christina Taft Takes a Stand for Witnesses and Artists Affected by Hollywood Power Players
Spread the love Los Angeles, California, 24th October 2024, ZEX PR WIRE, Christina Taft, CEORead More