OTCMAGIC

The Inside Scoop on USA Graphite Inc (OTC:USGT)

 
Repost This

Las Vegas, NV -- (SBWIRE) -- 12/07/2012 -- USA Graphite Inc. (OTC:USGT) is the latest amounts several penny stocks that have hit the OTCBB in recent months quick to associate themselves with the precious metal Graphite When the price of Graphite exploded from under $500 USD per ton back in 2004 to today's prices of over $2,500 USD per ton I knew it was only a matter of time before a number of Penny Stocks jumped on the bandwagon; quick to associate themselves with the precious metal.

USGT saw a significant spike in volume earlier this week at the $0.50 mark and USGT has been heading north ever since recetnly surpassing the $0.60 mark on big volume.

According to the Company USA Graphite is a publicly traded US exploration company focused on the acquisition, exploration and development of world-class graphite properties in North America. USA Graphite intends to become a domestic (US) graphite supplier.

USGT recently announced a LOI to acquire the Gordon Creek Graphite Property.

Under the terms of the transaction there is a $1,200,000 in cash and stock and a $500,000 work program commitment. A production Net Smelter Royalty (the "NSR") will be retained by the vendor equal to two percent (2%) of the net smelter returns, as per the terms and conditions of the Option Agreement. The Company shall have a one-time right to purchase fifty percent (50%) of the NSR in the Property for five hundred thousand dollars ($500,000).

The Gordon Creek Graphite Property is located about 22 miles south of the town of Wells, Nevada. It's accessible via the Great Basin Highway (Highway 93) which intersects Interstate 80. Excellent access to infrastructure such as paved highways, electricity and clean water, are readily available. The Property covers about 200 acres and lies within the Eastern Humbolt Range, a Cordilleran metamorphic core complex. The of high-grade metamorphism has both graphitic marble and graphitic gneiss.

OTCMAGIC has recently published a new article on USGT. To find out more about this stock and what OTCMAGIC projects for USA Graphite Inc. both short term and long term please go here: USGT

OTCMAGIC Spends all day scouring the markets for the next huge Penny Stock Winner. Investors have come to trust us for our up to date commentary on all hot stocks so please visit OTCMAGIC right now and see what it’s all about for yourself! At 30,000 Visitors a Month and growing rapidly OTCMAGIC is the hottest thing in Penny Stocks!

Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. PLEASE NOTE: OTCMagic.com employees are not registered as an Investment Advisor in any jurisdiction whatsoever. Full disclaimer can be read at http://OTCMagic.com/disclaimer. Release of Liability: Through use of this website viewing or using you agree to hold OTCMagic.com, its operators owners and employees harmless and to completely release them from any and all liability due to any and all loss monetary or otherwise, damage monetary or otherwise, or injury (monetary or otherwise) that you may incur. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. OTCMagic.com affiliates may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. Any opinions expressed are subject to change without notice. OTCMagic.com encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and OTCMagic.com. We make no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies. This is not a solicitation to buy or sell any securities. Any claims or Statements should be deemed hypothetical. OTCMagic.com, nor any of its affiliates are not registered investment advisors or broker dealers.