Canada Carbon Stock Price, News & Analysis

Canada Carbon Inc. (OTC: BRUZF), also referenced in news releases under TSX-V symbol CCB and Frankfurt symbol U7N1, is a mineral exploration company in the dimension stone mining and quarrying and broader mining, quarrying, and oil and gas extraction sector. According to its public disclosures, the company is focused on the acquisition, exploration and development of graphite deposits, with activities centered on historic graphite mines and exploration projects in the province of Quebec, Canada.

In its own description, Canada Carbon states that it is focused on graphite and has acquired two historic graphite mines, the Miller and Asbury mines, located in Grenville-sur-la-Rouge and near Notre-Dame-du-Laus, Quebec. The company indicates that it aims to realize its potential as a producer of high-quality graphite while maintaining high standards of social and environmental responsibility. Public news releases also show that Canada Carbon engages in community consultation and permitting processes related to its projects.

Asbury Graphite Project

A central asset described in recent company news is the 100%-owned Asbury Graphite Project, characterized as a past producing property made up of 25 claims with a total surface area of 1,384.59 hectares. The project is located northeast of Notre-Dame-du-Laus in the Laurentides Region of southern Quebec. Company disclosures note that the property is accessible via gravel roads from Provincial Road 309 and that a power transmission line runs through the property. Nearby towns such as Mont-Laurier and Gatineau are cited as sources of services and a mining and exploration workforce for mineral exploration work.

Canada Carbon reports that Asbury was a previously operating graphite mining project that produced graphite concentrate between 1974 and 1988. Historical records referenced in company communications indicate that historical mining operations extracted graphite at specified grades and cut-off grades over a defined extension of the deposit. The company’s more recent exploration work has focused on a mineralized corridor that connects the historical Asbury mine site to a north-eastern area of the property, with conductor and VTEM anomalies interpreted as being associated with graphitic mineralization.

According to a Maiden Mineral Resource Estimate prepared under National Instrument 43-101 by SGS Canada Inc., and summarized in the company’s news, the Asbury Project hosts an inferred graphite mineral resource within the boundaries of an optimized open pit model. The resource is described as an inferred resource of 4.14 million tonnes with an average grade of 3.05% Cg at a 1.0% Cg cut-off grade, subject to the usual NI 43-101 cautions that mineral resources are not mineral reserves and do not have demonstrated economic viability. The company notes that the modeled mineralization is open at depth and along strike, and that the area covered by the resource estimate represents only a portion of the broader geophysical anomaly on the claim area.

Canada Carbon’s technical disclosures describe multiple diamond drill programs on the Asbury property, including drill campaigns in 2022 and 2023 and a planned third campaign. Results from these programs, as reported by the company, include intervals of graphitic carbon mineralization over various thicknesses and grades, and are used to refine the geological model and identify exploration targets. The company states that these results support the interpretation of conductor anomalies as graphitic in nature along a corridor extending several kilometres between the historical mine and the more recently drilled area.

Metallurgical Work and Bulk Sample Program

Beyond drilling, Canada Carbon reports that it has conducted metallurgical testing and a Bulk Sample Program for the Asbury Graphite Project in cooperation with SGS Lakefield. Company releases describe work programs that include head assays, Bond Ball Work Index analysis, and flowsheet optimization. The company indicates that composite samples of ore from different grade domains were prepared and tested, and that flotation test work was used to evaluate the recovery of graphitic carbon.

In its public technical summaries, Canada Carbon states that the optimized flowsheet includes staged grinding and flotation steps designed to balance flake size and concentrate purity. The company reports that final flotation tests achieved combined concentrate grades greater than 98% total carbon, with some size fractions assaying above 99% total carbon. These results are presented by the company as relevant to potential participation in battery anode and other high-margin graphite applications, while noting that carbonates are expected to report to tailings in the process design.

Miller Graphite Project and Regulatory Processes

In addition to Asbury, Canada Carbon has publicly discussed the Miller Graphite Project in Grenville-sur-la-Rouge, Quebec. The company has indicated that it is pursuing a project focused on the development of the Miller Graphite Deposit and has taken steps to advance regulatory review. In one news release, Canada Carbon reports that it submitted a revised application for review of the Miller project to the Commission de la Protection du Territoire Agricole du Quebec (CPTAQ), via the municipal authorities of Grenville-sur-la-Rouge.

The company explains that its revised project description for Miller is focused solely on graphite mining, excluding a previously contemplated marble quarry component. Canada Carbon characterizes this approach as intended to streamline the review process and to align the project more closely with its primary business of developing graphite deposits. The company also notes that it aims to respond to concerns raised by local stakeholders in the region.

Community and Stakeholder Engagement

Canada Carbon’s public communications emphasize community engagement around its projects. For the Asbury Project, the company and the Municipality of Notre-Dame-du-Laus announced the creation of a Community Advisory Committee. This committee is described as a formal means of information exchange and follow-up between the company and residents of the municipality, with a mandate to make recommendations to Canada Carbon on mine development, best practices, community-centered solutions and socio-economic benefits.

The company states that it has consulted with local stakeholders, including the municipality of Notre-Dame-du-Laus and the Kitigan Zibi Anishinaabeg community, in connection with obtaining permits for exploration work at Asbury. These consultations are described as opportunities to present the project, answer questions and incorporate stakeholder feedback into project planning.

Permitting and Exploration Activities

Canada Carbon reports that it has obtained key permits from the Quebec Ministry of Natural Resources and Forestry (MRNF) for exploration activities at Asbury. These include an authorization for impact works and an intervention permit for forest management activities, which are required to proceed with planned drilling campaigns. The company has described multiple drill campaigns over several years, with the objective of collecting core samples to support resource updates and technical studies such as pre-feasibility work.

In its exploration updates, Canada Carbon outlines ongoing and planned work programs that include drilling, geophysics, geological mapping, metallurgical testing and the preparation of NI 43-101 compliant resource calculations. The company notes that technical work is carried out under the supervision of independent qualified persons as defined by NI 43-101, and that QA/QC protocols such as the use of blanks, standards and duplicates are applied in sample preparation and analysis.

Corporate and Capital Markets Information

Canada Carbon’s news releases identify it as a public company with shares trading on the TSX Venture Exchange under the symbol CCB, with additional references to trading on the Frankfurt exchange under symbol U7N1. The OTC symbol BRUZF is used for U.S. quotation. The company has disclosed various capital markets transactions, including non-brokered private placements of flow-through and non-flow-through units, and the issuance of common shares as part of fees for corporate-finance advisory and equity research services.

In one transaction, Canada Carbon reports the closing of a private placement of flow-through units and non-flow-through units, with warrants attached to each unit and finders’ fees paid in cash and finder’s warrants. In another disclosure, the company describes an engagement with Alternative Resource Capital, a trading name of Shard Capital Partners LLP, to provide corporate-finance advisory and equity research services, with a portion of the annual fee payable in common shares and the remainder in cash, subject to TSX Venture Exchange approval.

Risk Disclosures and Forward-Looking Information

Across its news releases, Canada Carbon includes extensive forward-looking information and risk disclosures. The company distinguishes between historical facts and forward-looking statements, noting that statements about expectations, plans, projections and future events are based on assumptions and are subject to known and unknown risks and uncertainties. It highlights factors that could cause actual results to differ from forward-looking information, including regulatory compliance, financial capacity, the ability to develop its deposits, legal and regulatory changes, and broader economic and social conditions.

Canada Carbon emphasizes that mineral resources are not mineral reserves and do not have demonstrated economic viability, and that inferred resources have a lower level of confidence than measured and indicated resources. The company cautions readers not to place undue reliance on forward-looking information and states that it assumes no obligation to update such information except as required by law.

How Canada Carbon Describes Its Strategic Focus

In its own commentary, Canada Carbon positions its graphite projects as having potential relevance to sectors such as the green energy economy and, in the case of Miller, nuclear power generation supply chains and other industrial verticals. The company’s communications highlight its intention to focus on graphite mining and processing, and to advance its projects through staged exploration, resource estimation, metallurgical testing and regulatory review.

Overall, based on the available public information, Canada Carbon Inc. can be characterized as a graphite-focused mineral exploration company with two historic graphite mines in Quebec and an emphasis on technical de-risking, community engagement and regulatory processes as it evaluates the potential of its graphite deposits.