GPNE’s Environmental Impact Assessment (EIA) Given ‘Green Light’ for Development and Exploration Stage on Aukam Mine Property
NEW YORK, NY and WINDHOEK, NAMIBIA / ACCESSWIRE / August 5, 2014 / Next Graphite, Inc. (OTCQB: GPNE) ("Next Graphite", or the "Company"), an exploration/development stage company in Africa’s Republic of Namibia targeting the growing global graphite production industry and market demand, today announced that it received no objection from the Affected and Interested Parties Public Consultation held on July 24 in Keetmanshoop, Namibia.
The public consultation was hosted by officials of the Ministry of Environment in the Karas region where Next Graphite’s Aukam property is located. Held at the Bird’s Mansion Conference Center, community residents and officials from the Ministry of Environment voiced no objections to Next Graphite’s Environmental Impact Assessment (EIA). As a result, Next Graphite has a preliminary approval pending the final clearance from the Environmental Commissioner to move into its development and exploration stage on its Aukam mining asset.
"Our team of geologists and our Country Manager submitted a concise and detailed plan to the ministries of any and all environmental impact," began Cliff Bream, CEO of Next Graphite. "As a result, the general public and representatives in attendance had no objections, concern, or comment on our EIA to commercialize our graphite mine asset. As reported by our Country Manager, Mulife Siyambango, the officials and local residents are eager to learn of our progress at our mine and the benefits that can come to the local economy as a result. We are accelerating our move into the development and exploration stage at a number of identified areas on our property we expect to be rich in natural flake graphite."
About Next Graphite, Inc.:
Next Graphite, Inc. is an exploration/development stage company targeting the growing global graphite production industry with the Company's 125,000-acre Africa-based Aukam Graphite Project. The Aukam Graphite Mine was established in 1940 in the current Republic of Namibia produced USD$30 million of graphite at today's prices. The Graphite property is estimated to still contain a significant amount of high grade, vein type graphitic material. Global graphite demand is being driven by the development of new markets for clean and efficient energy alternatives, smart grid infrastructure and military capabilities. Next Graphite has an immediately available, surface-visible, estimated 140,000-ton mine dump along with competitive projected mining and processing costs. The completion of GPNE's Aukam Graphite Mine re-launch and development activities is expected to result in a multi-million dollar inward investment into Namibia in 2014-2015.
For more information, please visit: www.nextgraphite.com
Safe Harbor Statement
This press release contains forward-looking statements made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward looking statements are based upon the current plans, estimates and projections of Next Graphite Inc.’s management and are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. Such statements include, among others, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in Africa, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements. Among others, could cause actual results to differ from those set forth in the forward-looking statements: business conditions in Africa, general economic conditions; geopolitical events and regulatory changes, availability of capital, the Company's ability to maintain its competitive position and dependence on key management. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
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SOURCE: Next Graphite, Inc.
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