Graphite has long been used in the aviation, automotive, sports, steel and plastic industries, as well as in the manufacture of bearings and lubricants. Graphite is an excellent conductor of heat and electricity, is corrosion and heat resistant and is also strong and light.
Currently, the automotive and steel industries are the largest consumers of graphite and demand across both industries is rising at five percent per annum. The steel industry uses graphite as liners for ladles and crucibles, they use it in the bricks which line blast furnaces and to increase the carbon content of steel. Graphite has already replaced asbestos in automotive brake linings and pads and is used for gaskets and clutch materials. Sparks plugs are also made incorporating graphite.
New, high-tech applications - Flexible graphite sheets, graphene, lithium-ion and vanadium batteries, fuel cells, semi conductors, nuclear, wind and solar power - require more and more graphite production. Graphene seems to be a wonder material and a lot of time, effort and money is being spent researching it – 3000 research reports were written just in 2010.
Strike Graphite has acquired three graphite projects within mining friendly, politically stable jurisdictions; Deep Bay East, Saskatchewan, Simon Lake, Saskatchewan and the Wagon
Graphite Project in Quebec. All three projects possess geologic traits for the discovery of
significant, large flake graphite deposits.
Strike Graphite Corp. has negotiated an amendment of the option agreement regarding the Deep Bay East and Simon Lake property. The final payment and share issuance due under the terms of the option agreement on Nov. 6, 2012, have been deferred to Feb. 28, 2013.