Mississauga, ON -- (SBWIRE) -- 09/11/2013 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com), a leading penny stock / small-cap information site, released its latest spotlight company Alabama Graphite Corp. (CNSX:ALP) (Pink Sheets:ABGPF).
Alabama Graphite Corp., through its wholly-owned subsidiary, Alabama Graphite Company Inc., is a graphite exploration and development company whose flagship project “The Coosa Graphite Project” in Coosa County, Alabama, encompasses over 40,000 acres located in an area with significant historical production of crystalline flake graphite. The Coosa Graphite deposit contains 38M tons indicated resource at 2.6%Cg and 27M tons inferred resource at 2.87%Cg. In addition, the Company is planning initial exploration on its recently acquired Hearst Project in Ontario located 20km east of Zenyatta’s Albany Project.
China raising export taxes, closing mines and hoarding the majority of the world’s graphite supply is positioning the world to be short of supply during a time when the world is seeing increased demand due to the steel industry recovering and electric car production rising, amongst other things.
A maiden technical report for the Coosa project estimated the property to contain 38.2 million tons grading 2.60 percent Cg in the indicated category based upon a 2.0-percent cutoff and an inferred resource estimate at 27.0 million tons grading 2.87 percent Cg. The estimate covers less than 5 percent of the total property.
A complete ALP profile can be viewed at: http://www.allpennystocks.com/aps_ca/company_spotlights/archives/alp.asp
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Note: AllPennyStocks.com expects to be compensated five thousand five hundred dollars by a non-affiliated third-party, Baystreet.ca Media Corp. for its efforts in presenting the ALP profile on its web site and distributing it to its database of subscribers as well as other services. A full disclaimer on ALP can be found at: http://www.allpennystocks.com/aps_ca/company_spotlights/archives/alp.asp.