Global Li-Ion Updates Shareholders on Ambato-Arana Graphite Mine
Global Li-Ion Graphite Corp. (CSE: LION, OTCQB: GBBGF) provided an update regarding its Ambato-Arana graphite mine in Madagascar. The company highlighted that Madagascar's government has officially enacted new Implementation Procedures for a revised Mining Code through Parliament, which is expected to provide a framework for developing graphite and other mining projects in the country.
The company's updated mine plan, filed in 2023, can now be processed under the new framework. Global Li-Ion aims to restart graphite production and increase capacity at the Ambato-Arana project in 2025, following what the company describes as 'many unforeseen delays' over the past three years.
Global Li-Ion Graphite Corp. (CSE: LION, OTCQB: GBBGF) ha fornito un aggiornamento riguardante la sua miniera di grafite Ambato-Arana in Madagascar. L'azienda ha sottolineato che il governo del Madagascar ha ufficialmente promulgato nuove Procedure di Attuazione per un Codice Minerario rivisto attraverso il Parlamento, il quale dovrebbe fornire un quadro per lo sviluppo di progetti minerari, inclusi quelli di grafite, nel paese.
Il piano minerario aggiornato dell’azienda, presentato nel 2023, può ora essere elaborato sotto il nuovo quadro normativo. Global Li-Ion punta a riprendere la produzione di grafite e ad aumentare la capacità del progetto Ambato-Arana nel 2025, dopo quelli che l'azienda descrive come 'numerosi ritardi imprevisti' negli ultimi tre anni.
Global Li-Ion Graphite Corp. (CSE: LION, OTCQB: GBBGF) proporcionó una actualización sobre su mina de grafito Ambato-Arana en Madagascar. La compañía destacó que el gobierno de Madagascar ha promulgado oficialmente nuevos Procedimientos de Implementación para un Código Minero revisado a través del Parlamento, lo que se espera que proporcione un marco para el desarrollo de proyectos mineros, incluyendo los de grafito, en el país.
El plan de mina actualizado de la compañía, presentado en 2023, ahora puede ser procesado bajo el nuevo marco. Global Li-Ion tiene como objetivo reiniciar la producción de grafito y aumentar la capacidad en el proyecto Ambato-Arana en 2025, después de lo que la compañía describe como 'numerosos retrasos imprevistos' en los últimos tres años.
Global Li-Ion Graphite Corp. (CSE: LION, OTCQB: GBBGF)는 마다가스카르의 암바토-아라나 그래파이트 광산에 대한 업데이트를 제공했습니다. 회사는 마다가스카르 정부가 의회를 통해 수정된 광업 코드에 대한 새로운 이행 절차를 공식적으로 시행했다고 강조했습니다. 이는 국내 그래파이트 및 기타 광산 프로젝트 개발을 위한 틀을 제공할 것으로 기대됩니다.
회사의 2023년 제출된 업데이트된 광산 계획은 이제 새로운 프레임워크에 따라 처리될 수 있습니다. Global Li-Ion은 지난 3년 동안 '예상치 못한 지연'이 많았던 이후 2025년에 암바토-아라나 프로젝트에서 그래파이트 생산을 재개하고 용량을 늘릴 계획입니다.
Global Li-Ion Graphite Corp. (CSE: LION, OTCQB: GBBGF) a fourni une mise à jour concernant sa mine de graphite Ambato-Arana à Madagascar. La société a souligné que le gouvernement malgache a officiellement adopté de nouvelles procédures de mise en œuvre pour un code minier révisé par le biais du Parlement, ce qui est censé fournir un cadre pour le développement de projets miniers, y compris ceux de graphite, dans le pays.
Le plan minier mis à jour de la société, déposé en 2023, peut désormais être traité sous le nouveau cadre. Global Li-Ion vise à relancer la production de graphite et à augmenter la capacité du projet Ambato-Arana en 2025, après ce que l'entreprise décrit comme 'de nombreux retards imprévus' au cours des trois dernières années.
Global Li-Ion Graphite Corp. (CSE: LION, OTCQB: GBBGF) hat ein Update zu seiner Graphitmine Ambato-Arana in Madagaskar bereitgestellt. Das Unternehmen hob hervor, dass die Regierung von Madagaskar offiziell neue Implementierungsverfahren für einen überarbeiteten Bergbaukodex durch das Parlament verabschiedet hat, was als Rahmen für die Entwicklung von Graphit- und anderen Bergbauprojekten im Land erwartet wird.
Der aktualisierte Minenplan des Unternehmens, der 2023 eingereicht wurde, kann nun unter dem neuen Rahmen verarbeitet werden. Global Li-Ion beabsichtigt, die Graphitproduktion im Projekt Ambato-Arana im Jahr 2025 wieder aufzunehmen und die Kapazität zu erhöhen, nachdem das Unternehmen von 'zahlreichen unvorhergesehenen Verzögerungen' in den letzten drei Jahren spricht.
- New Mining Code implementation enables processing of company's 2023 mine plan
- Planned restart of graphite production at Ambato-Arana project in 2025
- Regulatory framework now in place for project development
- Project has faced three years of delays
- Production restart still pending regulatory approval
Vancouver, British Columbia, Canada, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Global Li-Ion Graphite Corp. (“Global Li-Ion” or, the “Company”) (CSE: LION, OTCQB: GBBGF, F: 0TD ) would like to take this opportunity to further update its shareholders and interested parties. The Company welcomes the confirmation by the Government of Madagascar of the importance the country’s mining industry, including graphite projects, to the nation’s development.
The Implementation Procedures for a new revised Mining Code have been officially decreed and enacted by Parliament which LION believes will provide a solid framework for the development of all graphite and other mining projects in Madagascar. Moreover, the updated mine plan filed by the Company in 2023 can now be processed.
Chairman Jason Walsh commented “We are very pleased after many unforeseen delays over the past 3 years that we will be able to complete the necessary filing to restart graphite production and boost capacity at our Ambato-Arana project in 2025.”
About Ambato-Arana Graphite Mine, Madagascar
The 3 forty-year renewable mining exploitation licenses that comprise the Project total 4,375 hectares (10,811 acres) are located in the vicinity of Andasibe in Toamasina Province in Madagascar, 20 km to the southwest of Sheritt’s large-scale nickel/cobalt laterite open pit mine at Ambatovy and 15 km northeast of the town of Moramanga from which national highway RN2 connects with capital city Antananarivo (114 km) and Madagascar’s main port of Toamasina (Tamatave) (240 km). Graphite was produced on the licenses, at a modest rate constrained by the technology employed on the licenses at that time, for roughly a century from 1910. Production was suspended by the previous owners due to a slump at the time in Global Graphite markets and with the deposits only partially mined. The deposits are now ready for larger scale exploitation with modern production techniques. They lie within the graphitic horizons of the highly prospective Manampotsy Formation and are associated with topographic highs that are exploited via free digging of lateritic ore and open pit mining, providing a lower cost exploitation without need for blasting. The graphite mineralization on the Project appears within well-defined north-south belts with interbedded graphite-rich friable layers. The geological layers of interest have continuity of several kilometres and exhibit a shallow dip angle. Sample data indicate good grade (up to
Further information about Global Li-Ion is available under its profile on the SEDAR website, www.sedar.com, on the CSE website, www.thecse.com, and the Company’s website, www.globalli-iongraphite.com.
For Further information about the Company, please contact:
Jason Walsh
Global Li-Ion Graphite Corp.
Telephone 604.608.6314
Email: info@liongraphite.com
Neither the Canadian Securities Exchange nor its regulation services provider have reviewed or accept responsibility for the adequacy or accuracy of this press release.
Forward-Looking Information:
This press release contains forward-looking statements. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “intend”, “believe” and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to a number of factors and risks discussed in the Company's Management's Discussion and Analysis under the Company's profile on www.sedar.com. While the Company may elect to, it does not undertake to update this information at any particular time.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
FAQ
When will Global Li-Ion (GBBGF) restart graphite production at Ambato-Arana?
What is the status of GBBGF's 2023 mine plan for Ambato-Arana?
How long has GBBGF's Ambato-Arana project been delayed?
What regulatory changes affect GBBGF's Madagascar graphite operations?
