ABOUT

ABOUT EAGLE GRAPHITE

Dedicated to becoming North America’s best graphite producer
Eagle Graphite owns one of only two natural flake graphite production facilities in North America. The project, known as the Black Crystal graphite quarry, is located 35 kilometres west of the city of Nelson in British Columbia, Canada, and 70 kilometres north of the state of Washington, USA.

ABOUT EAGLE GRAPHITE

Eagle Graphite owns one of only two natural flake graphite production facilities in North America. The project, known as the Black Crystal graphite quarry, is located 35 kilometres west of the city of Nelson in British Columbia, Canada, and 70 kilometres north of the state of Washington, USA.

The project includes two mining leases, with a combined area of 300 hectares, renewable until at least 2062. The leases contain the quarry area and the plant facilities, and are accessible by Forest Service Road. The facility is near production-ready and has historically produced at an equivalent output of 4,000 tonnes of graphite per year. The electrical supply for the plant is a 13.5 kilovolt (kV) power line, and is upgradeable to 63 kV from the main 63 kV hydro line passing within 400 metres of the plant.

The local communities, serving a district population about 60,000, have a long mining history, a readily available skilled labour force, and abundant hydroelectric power drawn from the Columbia River Basin. Transportation infrastructure includes highways, two airports with daily commercial flights, and rail loading facilities in the nearby cities of Nelson and Trail.

Eagle Graphite Incorporated is listed on the TSXV under the symbol “EGA”.

ABOUT GRAPHITE

Graphite is ideal for numerous applications as it has properties found in both metals and non-metals. Flake graphite accounts for approximately 40% of global natural graphite supply. The supply of flake graphite is concentrated primarily in China and Mozambique, with Brazil, North Korea, Canada and India accounting for nearly all of the remainder of production. Applications include

Global graphite consumption for electric vehicles (EVs) has been growing exponentially for several years, as all mass-market lithium-ion EV batteries use graphite electrodes. EVs and refractories will consume roughly similar quantities of graphite in 2022 – around 250,000 tonnes, with EVs expected to exponentially add demand for the next several years.

World production of flake graphite for 2022 is estimated at 750,000 tonnes. For EVs to attain a 30% market share (currently ~4%), global output capacity needs to expand to roughly 3x today’s levels.

CORE VALUES

ENVIRONMENT

Compared to most graphite mining, the Black Crystal graphite quarry has an exceptionally light environmental footprint.

Our graphite is easily liberated from the sandy host material through a low-energy, water-based flotation process that generates only environmentally benign, marketable by-products. Water is recycled to minimize net consumption. We aim to further reduce handling requirements with dry pre-concentration near the excavation site.

The sand and gravel by-products are sold to local buyers, leaving essentially nothing to waste.

Unlike hard rock, typical of other North American projects, our sandy alkaline host rock is not a potential source of acid rock drainage.

The finished graphite is non-toxic and non-reactive.

COMMUNITY

We take pride in our positive relationship with the local communities and those who share the many benefits of the area.

We are fortunate to have a highly skilled workforce and industrial supplies readily available locally.

Nearby population centres include the cities of Nelson, Castlegar, and Trail, and other communities such as Slocan Park, Winlaw, and South Slocan.

SAFETY

The health and well being of our stakeholders is paramount.

Our operations fall under the Health Safety and Reclamation Code for Mines in British Columbia and WorksafeBC. We work only with low toxicity chemicals that pose no known significant risks to our work force and the surrounding environment.

MEET THE TEAM

JAMIE DEITH

CEO, DIRECTOR

Mr. Deith has been a graphite company executive for 16 years, with total executive experience spanning 22 years and multiple successful companies. He is a former Managing Director at TD Securities in Toronto and London, UK. He holds a degree in Systems Design Engineering.

TOREY MARSHALL

EVP OF BUSINESS DEVELOPMENT

Mr. Marshall brings to the Company over 20 years of international resource expertise and project financing. His executive roles include Managing Director and CEO at WAMA Gold, High Grade Metals, and Rampart Energy. He has a Masters degree in Geology.

VERNON (RORY) MILLER

SUPERINTENDENT

Mr. Miller has been with the Black Crystal project for over 10 years. He has diverse experience in mining, transportation, and personnel management.

VICTOR LEARMONTH

SUPERINTENDENT

Mr. Learmonth has been with the Black Crystal project since 2001. He played a crucial role directing successful early production phases, and continues to develop innovative practical solutions to optimize production.

STEVE BRUNELLE

B.Sc., DIRECTOR

Mr. Brunelle has experience as an Officer and Director of multiple resource companies.

He has over 30 years experience as a geologist.

BRIAN BAPTY

Ph.D., DIRECTOR

Dr. Bapty has over 20 years of capital markets experience.

His roles include equity analyst, investment banker, private equity fund partner, and senior executive including CEO.

ROBERT MATTER

P.E., DIRECTOR

Mr. Matter is Managing Principal - Mining Engineer at SLR International Consulting. He has over 25 years of project experience covering a broad range of management and engineering roles in the mining industry. He brings in-depth experience of mining from initial planning through to reclamation and closure.