Canada Carbon

Canada Carbon Inc. is a publicly traded mineral exploration company focused on the acquisition, exploration, and development of graphite properties in Quebec, Canada. Founded in 1985 and formerly known as Bolero Resources Corp., the company rebranded to Canada Carbon Inc. in October 2012 to reflect its strategic focus on the carbon science sector. The company's primary assets are two past-producing graphite mines: the Miller Graphite Project and the Asbury Graphite Project.

The company's core business involves identifying, exploring, and evaluating graphite deposits with the ultimate goal of production. Its operational strategy centers on advancing its key projects towards economic viability. A significant part of this strategy includes extensive drilling, sampling, and metallurgical testing to establish and expand mineral resources compliant with industry standards like NI 43-101. The company's revenue model is predicated on the future sale of processed graphite to various industrial clients. It is currently in a pre-revenue stage, financing its exploration and development activities through equity financing and private placements.

Canada Carbon's flagship asset is the Miller Project, located 80 km west of Montreal. This site is notable for its hydrothermal lump-vein graphite, a rare and high-value form of graphite comparable to deposits in Sri Lanka. Testing has demonstrated that graphite from the Miller Project can be purified to 99.9998% through thermal processing, making it suitable for high-technology applications such as aerospace, military, and particularly nuclear reactors. The company has secured a 10-year supply agreement with Dunedin Energy Systems Ltd. for this nuclear-grade graphite. The other key asset, the Asbury Graphite Mine, located near Notre-Dame-du-Laus, operated historically from 1974 to 1988. Recent exploration has focused on defining the extent of the mineralization, with an inaugural NI 43-101 report estimating an inferred mineral resource of 4.14 million tonnes.

The company was led for 15 years by CEO R. Bruce Duncan, who passed away in November 2020. He was known for his passionate dedication to advancing the company's projects. Following his death, long-time CFO Olga Nikitovic was appointed interim CEO and served until December 2021. The current leadership team includes CEO Ellerton Castor and CFO Remantra Sheopaul, who guide the company's strategic direction, including navigating regulatory processes and advancing its projects toward pre-feasibility and production.

Keywords: mineral exploration, graphite mining, Quebec graphite, Miller Graphite Project, Asbury Graphite Project, hydrothermal lump-vein graphite, nuclear purity graphite, high-purity graphite, critical minerals, mineral development, junior mining, resource exploration, graphite deposits, carbon science, green economy materials, battery materials, TSXV:CCB, public mining company, Canadian graphite, mineral resource estimation