Montreal, Quebec – November 30, 2017 Sama Resources Inc. (“Sama” or the “Company”) (TSX-V: SME) is pleased to report that SRG Graphite Inc. (“SRG”) (TSXV:SRG) announced today the results of electrochemical characterization of its spherical purified graphite (“SPG”) material produced from SRG’s Lola graphite deposit in the Republic of Guinea. The characterization tests were performed by Dorfner ANZAPLAN (“ANZAPLAN”) at their facility in Hirschau, Germany
“The laboratory work and analysis on the Lola graphite concentrate and SPG characteristics are aimed at identifying the best uses of SRG’s graphite and its suitability for use in lithium-ion battery and technology grade graphite applications. These are exciting results and continue to compare favourably with graphite that is currently available in the marketplace”, stated Marc-Antoine Audet, President and CEO of Sama.
SRG’s Lola Graphite Project, a spinout of Sama Resources, has a graphite occurrence with a prospective surface outline of 3.22 km of continuous graphitic gneiss. Sama holds a control position in SRG of 24,658,267 shares representing 40.3% of the issued and outstanding shares of SRG and is considered an insider for reporting purposes.
ANZAPLAN tested and reported on three main electrochemical characteristics of SRG’s SPG, important for the lithium-ion battery market: cyclic voltammetry which measures kinetics and hysteresis of the charge/discharge cycle, specific capacity and cycling performance.
ANZAPLAN Report: SRG’s Spherical Graphite Electrochemical Characterization Highlights
- Cyclovoltammetric measurements indicate that the kinetics of SRG’s purified spherical graphite makes it suitable as active material in lithium ion batteries
- Achieves remarkable reversible capacities of >365 mAh/g, which is very close to the theoretical maximum of 372 mAh/g
- Demonstrates above average cyclability, achieving a value of 356 mAh/g after 100 cycles at a cycle rate of 0.5C. This represents ~99% of initial capacity and 96% of theoretical capacity, which is better than the average value for typical uncoated spherical graphite products.
About Dorfner ANZAPLAN
Dorfner ANZAPLAN is a leading European specialty minerals producer with more than a hundred years of experience in industrial mineral processing, delivering high quality mineral products to different industries. ANZAPLAN was founded in 1985 to become the most independent venture within the Dorfner group of companies, while concentrating the group’s analytical and engineering know-how to serve external customers. (www.anzaplan.com)
About Sama Resources Inc.
Sama is a Canadian-based mineral exploration and development company with projects in West Africa. On October 23, 2017, Sama announced that it had entered into a binding term sheet in view of forming a strategic partnership with HPX TechCo Inc., for the development of its Côte d’Ivoire Nickel-Copper and Cobalt project in Côte d’Ivoire, West-Africa. For more information about Sama, please visit Sama’s website at http://www.samaresources.com.
The technical information in this release has been reviewed and approved by Raphaël Beaudoin, P.Eng., Director of Operation of SME and a “qualified person” as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.
FOR FURTHER INFORMATION, PLEASE CONTACT:
SAMA RESOURCES INC./RESSOURCES SAMA INC.
Dr. Marc-Antoine Audet, President and CEO
Tel: (514) 726-4158
Mr. Matt Johnston, Corporate Development Advisor
Tel: (604) 443-3835
Toll Free: 1 (877) 792-6688, Ext. 5
Neither the 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.
FORWARD LOOKING STATEMENTS
Certain of the statements made and information contained herein are “forward-looking statements” or “forward-looking information” within the meaning of Canadian securities legislation. Forward-looking statements and forward-looking information are subject to a variety of risks and uncertainties, which could cause actual events or results to differ from those reflected in the forward-looking statements or forward-looking information, including, without limitation, the availability of financing for activities, risks and uncertainties relating to the interpretation of electrochemical characterization, drill results and the estimation of mineral resources and reserves, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations, metal price fluctuations, environmental and regulatory requirements, availability of permits, escalating costs of remediation and mitigation, risk of title loss, the effects of accidents, equipment breakdowns, labour disputes or other unanticipated difficulties with or interruptions in exploration or development, the potential for delays in exploration or development activities, the inherent uncertainty of cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, currency fluctuations, expectations and beliefs of management and other risks and uncertainties.