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Stay informed with the latest news and press releases from Canada Carbon Inc. (OTC: BRUZF, TSX-V: CCB), a Canadian graphite exploration company developing strategic mineral properties in Quebec. This news feed provides real-time updates on the company's exploration activities, drilling programs, resource estimates, and corporate developments.
Canada Carbon focuses on two primary graphite projects: the Miller Graphite Project, which hosts rare hydrothermal lump-vein graphite capable of achieving nuclear-grade purity, and the Asbury Graphite Project, a flake graphite deposit in the Laurentides region. News coverage includes updates on geological surveys, metallurgical testing results, permitting progress, and strategic partnerships.
The company operates within the critical minerals sector, targeting graphite supplies for clean energy applications including electric vehicle batteries, energy storage systems, and nuclear technology. Press releases frequently address drilling campaign results, resource estimate updates, regulatory filings, and developments related to the growing demand for domestically sourced graphite in North America.
As a junior mining company, Canada Carbon news may include announcements about financing activities, management changes, and strategic initiatives. Investors and stakeholders can use this feed to track the company's progress through the exploration and development pipeline. All news is sourced directly from official company announcements and regulatory filings to ensure accuracy and timeliness.
Canada Carbon (TSX-V: CCB) has secured all necessary permits from Quebec's government for its third drilling campaign at the Asbury Graphite Property. The campaign will cover 5,200 meters of core drilling across Asbury's 5-kilometer mineralization trend.
The company plans to use this data to update its NI 43-101 resource report and complete a pre-feasibility study by December 31, 2025. The project's current inferred resource stands at 4.14 Mt with an average grade of 3.05% Cg. Previous drilling campaigns in 2022-2023 yielded impressive results, including 12.25% Cg over 22.50m in the eastern part of the deposit.
The permits were obtained after extensive consultation with local stakeholders, including the Notre-Dame-du-Laus municipality and Kitigan Zibi Anishinaabeg community. Drilling is expected to commence by July 31, 2025.
Canada Carbon has completed its Bulk Sample Program at the Asbury Graphite Project in Quebec. Working with SGS Lakefield, the program analyzed head assays, Bond Ball Work Index, and flowsheet optimization. The composite drill core samples showed 3.68% graphitic carbon, exceeding the Initial Resource Estimate. The final flotation test achieved combined concentrate grades of >98% total carbon, with +150 mesh and +325 mesh assaying at 99.1% and 99.0% respectively. The optimized flowsheet demonstrated efficient primary processing operation suitable for battery anode applications. The company aims to complete the Pre-Feasibility Study by Q1 2025.
Canada Carbon Inc. (TSX-V:CCB) (FF:U7N1) has announced the issuance of 2,237,750 common shares to Alternative Resource Capital, a trading name of Shard Capital Partners LLP. This equity issuance is part of the payment for corporate-finance advisory services provided by the consultant, as per an engagement letter dated August 22, 2024.
The shares were issued at a deemed price of $0.02 per share and will be subject to a four-month hold period from the date of issuance, in compliance with TSXV policies and Canadian securities laws. This move represents a portion of the annual fee owed to the consultant for their services.
Canada Carbon Inc. (TSX-V:CCB) has engaged Alternative Resource Capital, a trading name of Shard Capital Partners LLP, for corporate-finance advisory and equity research services. The agreement, dated August 15th, 2024, involves an annual fee of £50,000, with 50% paid in common shares and 50% in quarterly cash installments of £6,250. The company will also pay up to 5% commission on investments introduced by the consultant. This engagement aims to enhance Canada Carbon's financial advisory and research capabilities, potentially impacting its market position and investor relations. The agreement and share issuance are subject to TSX Venture Exchange approval, with issued shares having a four-month hold period.
Canada Carbon has successfully closed a non-brokered private placement, raising gross proceeds of $500,000. This includes 7,500,000 flow-through units (FT Units) at $0.06 each, totaling $450,000, and 833,333 non-flow-through units (NFT Units) at $0.06 each, totaling $50,000. Each FT Unit comprises one flow-through share and a half warrant, whereas each NFT Unit comprises one share and one warrant. Warrants allow the purchase of one common share at $0.12 for 60 months. The company will use the proceeds from FT Units for eligible expenses and NFT Units for general corporate purposes. A finder's fee of $36,000 and 600,000 warrants was paid. All securities are subject to a four-month plus one-day hold period.
Canada Carbon Inc. has initiated the revised application for its Miller Graphite Project, submitting all necessary documentation to the Municipal Inspector of Grenville Sur La Rouge on March 17, 2023. The submission is aimed at a streamlined review process, focusing solely on the graphite deposit's development while excluding the previously planned marble quarry. The GSLR has 45 days to review the compliance of the application with local laws, after which it will forward it to the CPTAQ for a potential six-month review. CEO Ellerton Castor emphasized the intention to address regulatory concerns effectively and position Canada Carbon as a key player in the nuclear supply chain.
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