NextSource Materials Successfully Registers Trademark for SuperFlake® Graphite in South Korea
25 Octobre 2018 - 1:30PM
Adds to Trademark Registrations in Japan
and European Union
NextSource Materials Inc. (TSX:NEXT) (OTCQB:NSRCF) (“NextSource” or
“the Company”), is pleased to announce that it has
successfully registered SuperFlake® as a trademark in South Korea.
The registration of the SuperFlake® trademark
means that NextSource now has the exclusive right to use this
trademark on all natural graphite sold in South Korea that it
produces from its feasibility-stage Molo Graphite Project in
Madagascar.
In addition to South Korea, NextSource has
registered trademark status of SuperFlake® in Japan and the entire
European Union, which NextSource was previously awarded back in
January 2018 and August 2017 respectively. The Company also applied
for and is expecting to being awarded the exclusive right to use
SuperFlake® in North America. These key jurisdictions
represent the top demand markets for flake graphite and the
locations where NextSource intends to sell its SuperFlake® graphite
concentrate.
Trademark Registration Follows 10-Year
Offtake Agreement with Japanese Graphite Supplier to Electric
Vehicles
This latest registration marks NextSource’s
success in obtaining exclusive use of SuperFlake® in the world’s
premier geographic regions for high-end battery manufacturing for
electrical vehicle applications. Japan and South Korea are global
leaders in EV battery manufacturing and together supply Tesla,
Toyota, Volkswagen, Mercedes-Benz, Ford, BMW and General
Motors.
This follows the Company’s October 16th news
release announcing the signing of a ten (10) year binding Offtake
Agreement with a prominent Japanese Graphite Trading Company to
purchase 20,000 tonnes per annum of NextSource’s SuperFlake®
graphite for use in battery anode applications for electrical
vehicles (“EV”).
The Japanese Company is a major supplier of
flake graphite to Japan’s largest battery processor and
manufacturer of graphite anode material in lithium ion batteries
for electric vehicle applications. This battery anode
manufacturer currently has over 50 percent market share of
premium-grade graphite anode production in Japan for electric
vehicle battery applications. Its EV automotive customers are
global.
To read the October 16th news release in its
entirety, please visit the Company’s website at
http://nextsourcematerials.com/media/press-releases.
About SuperFlake® High-Quality Graphite
Concentrate
As detailed in the Company’s 2017 Feasibility
Study, NextSource’s SuperFlake® graphite concentrate can achieve
98% carbon (C) purity with simple flotation alone, has excellent
thermal expansion, can be easily upgraded to 99.97% purity (battery
grade) and contains no deleterious substances. The Company’s
SuperFlake® graphite concentrate also has excellent flake size
distribution that is well above the global average, with 46.4
percent being classified as +80 (large), +65 (extra large) and +48
(jumbo) mesh in flake size. Specifically 23.6 percent of
SuperFlake® graphite concentrate is +48 mesh and greater in
size.
Qualified Persons
Mr. Craig Scherba, P.Geo., President and CEO, is
the qualified person who reviewed and approved the technical
information provided in this press release.
ABOUT NEXTSOURCE MATERIALS
INC.
NextSource Materials Inc. is a mine development
company based in Toronto, Canada, that is developing its 100%-owned
Molo Graphite Project in southern Madagascar. The Molo Graphite
Project is a feasibility-stage project and ranks as one of the
largest-known and highest quality flake graphite deposits in the
world and the only project with SuperFlake® graphite.
For further information contact:
+1.416.364.4911Brent Nykoliation, Senior Vice President, Corporate
Development at brent@nextsourcematerials.com or Craig
Scherba, President and CEO
at craig@nextsourcematerials.com
Safe Harbour: This press release contains
statements that may constitute “forward-looking statements” within
the meaning of applicable Canadian securities legislation. Readers
are cautioned not to place undue reliance on such forward-looking
statements. Forward-looking statements include, but are not limited
to, the terms of the Offtake Agreement, results of the updated 2017
Feasibility Study, any and all product test results and product
analysis, any statements relating to the further partnership and
value added opportunities, production at the Molo project, delivery
of the material and pricing terms. These are based on current
expectations, estimates and assumptions, and although the Company
believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, actual results or
developments may vary and, in some instances, differ materially
from those anticipated by the Company and described in the
forward-looking statements contained in this press release. No
assurance can be given that any of the events anticipated by the
forward-looking statements will transpire or occur or, if any of
them do so, what benefits the Company will derive there from. The
forward-looking statements contained in this news release are made
as at the date of this news release and the Company does not
undertake any obligation to update publicly or to revise any of the
forward-looking statements, whether as a result of new information,
future events or otherwise, except as may be required by applicable
securities laws.
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