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Message: Mason Graphite Announces Involvement in a New Endeavor In The Li-ion Battery Industry Led by Propulsion Quebec

Mason Graphite Announces Involvement in a New Endeavor In The Li-ion Battery Industry Led by Propulsion Quebec

posted on Dec 11, 2018 09:58AM


2018-12-11 08:00:58 AM ET (GlobeNewswire)

Mason Graphite Inc. ("Mason Graphite" or the "Company") (TSX.V: LLG; OTCQX: MGPHF) is pleased to be part of "Propulsion Quebec", Quebec's cluster for smart and electric transportation, which has a mission to rally the entire sector around joint projects aimed at positioning Quebec as a global leader in developing and implementing smart and electric modes of ground transportation.

Mason Graphite is also proud to participate in a new study commissioned last week by Propulsion Quebec which will focus on the development of Quebec's lithium-ion battery industry and help the Quebec industry take the lead in projects improving the life cycle of batteries.

In a recent communication, Propulsion Quebec indicated: "The study will be carried out with financial support from Ministere de l'Economie et de l'Innovation du Quebec and Societe de developpement de Shawinigan. It represents a concrete initiative by major Quebec players in the fields of transportation electrification and energy storage. These players want to use their expertise and competitive edge to strategically position Quebec in the production of batteries, from the extraction of raw materials to the recycling of their components. The study will be carried out in the months ahead and will profile the lithium-ion battery industry and analyze opportunities for Quebec in battery component and cell manufacturing and end-of-life battery recycling. The study results are due to be delivered in the Spring of 2019. A committee of independent experts will be set up to support the study."

Benoit Gascon, President and Chief Executive Officer of Mason Graphite commented: "We welcome the efforts led by Propulsion Quebec. Once again, the Quebec Government is demonstrating its commitment towards a clean future. Its dedication in supporting the entire supply chain, of which natural graphite is a key component, will help to ensure the local development of the industry. We are confident that Mason Graphite can and will play an instrumental role in this development that would benefit the North Shore area and beyond."

More information about Propulsion Quebec and this specific announcement can be found at: https://propulsionquebec.com/

About Mason Graphite and the Lac Gueret Project

Mason Graphite is a Canadian mining and processing company focused on the development of its 100% owned Lac Gueret natural graphite deposit located in northeastern Quebec. The Company is led by a highly experienced team that has over five decades of experience in graphite production, sales, and research and development. For more information, visit www.masongraphite.com.

Mason Graphite Inc. On Behalf of the Board

"Benoit Gascon, CPA, CA", President & Chief Executive Officer

For more Information:

Simon Marcotte, CFA, Director Corporate Development at +1 (647) 801-7273

[email protected]

For more information relating to local communities:

Luc Veilleux, CPA, CA, CFO and Executive Vice-President

+1 (514) 289-3582

[email protected]

Head Office: 3030, boulevard Le Carrefour, bureau 600, Laval, Quebec, H7T 2P5

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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