Next Graphite, Inc. (GPNE) News

Gratomic Acquires Remaining 37% Interest In Aukam Property

Thu, 29 Jul 2021 08:00:00 -0400

TORONTO, ON / ACCESSWIRE / July 29, 2021 / Gratomic Inc. (“GRAT” or the “Company”) (TSXV:GRAT)(OTCQX:CBULF)(FRA:CB82) is pleased to announce that, further to its Press Release of June 29, 2021, the Company has acquired the remaining 37% interest (the “Interest“) in Gazania Investments Two Hundred and Forty Two (Proprietary) Limited (the “Acquisition“), the Namibian company which holds the licenses on the Aukam property (“Aukam“) pursuant to a definitive agreement (the “Agreement“) with Next Graphite, Inc. (“NextG“). Gratomic now holds 100% of the rights and interests in the Aukam Mining License (ML215) and exploration License (EPL 3895). As part of the transaction, Cliff Bream, President and CEO of NextG, has been appointed to the Board of Directors of Gratomic, subject to TSXV approval, and Lynne Brand has resigned as a director to facilitate the appointment of Cliff Bream as a director.

Arno Brand, President and CEO commented, “We are very pleased to have acquired the remaining 37% interest in the Aukam project. On behalf of the Board of Directors of Gratomic, I would like to welcome Cliff Bream to the Board. I look forward to working with Cliff to continue a strategic business relationship and build a strong future for Aukam together. I would also like to thank Lynne Brand for her service to the Company as a director.”

In consideration for the Interest, Gratomic issued 18,986,188 common shares (the “Escrowed Shares“), 2,272,727 common shares (the “Additional Shares“) and a further 4,500,000 common shares (the “Dilution Shares“) for an an aggregate of 25,758,915 common shares (the “Consideration Shares“) in the capital of Gratomic to NextG and ten (10) shareholders of NextG (the “NG Recipients“) and paid $100,000 in cash to NextG. Additionally, Gratomic agreed to honour its previous contractual condition to provide NextG with US$500,000 from the first US$1,000,000 of net revenue generated from sales of graphite from the Aukam property pursuant to the issuance of the Additional Shares and the agreement to pay US$250,000 (the “Revenue Amount“). In the event the Revenue Amount is not paid in full by July 29, 2022 (the “Due Date“), then any outstanding Revenue Amount will be settled by the issuance to NextG of that number of common shares (the “Settlement Shares“) as is arrived at by dividing the then outstanding Revenue Amount by the closing price of the Common Shares on the first trading day following the Due Date, less the maximum discount allowed by the rules of the TSXV. As part of the closing, NextG delivered a promissory note to Gratomic in the amount of US$71,752 (the “Promissory Note“) in respect of certain expenses owed by NextG to Gratomic. The Promissory Note bears interest at 10% per year and is due and payable on February 28, 2022, failing which, it bears default interest of 11% per annum. If the Promissory Note is not paid when due, Gratomic has the right to set off the principal amount of the Promissory Note plus accrued interest against the Revenue Amount.

The Consideration Shares issued to NextG and the NG Recipients are subject to a hold period expiring on November 30, 2021 and are subject to the provisions of an Escrow Agreement dated July 29, 2021. The Escrowed Shares and the Dilution Shares are subject to an 18-month escrow with a release of 1/3 of the original balance every 6 months, pro rata, and the Additional Shares are subject to a 12-month escrow and shall be released from escrow, pro rata, on the Due Date.

Gratomic has also granted the NG Recipients a right to participate in any future financings of Gratomic at the same price as any other participants on a pro rata basis to their percentage holding in Gratomic (calculated on the basis of the number of Consideration Shares remaining in Escrow) at the time of any such fundraise (calculated on a non-dilutive basis).

Cliff Bream, President and CEO of Next Graphite said, “we feel that combining the interests in Aukam will optimize the potential of Aukam and allow the shareholders of NextG to participate in the success of Gratomic. Many of us in the two companies have worked together for years, and we have great confidence that Gratomic will be successful with the Aukam project”.

About Gratomic Inc.
Gratomic is focused on introducing an exceptional anode material to the global electric vehicle and energy storage supply chains. The Company aims to achieve full operational capabilities in 2021, with further plans to take its Aukam Graphite Project fully solar by 2022.  Large quantities of its naturally high-quality graphite have been shipped for testing to confirm its viability as an anode material. Gratomic is confident that the results will provide a unique competitive advantage in its desired target markets.

The Company’s recent collaboration agreement with Forge Nano has advanced the developments on its graphite finalization phase for the micronization, spheronization, and the patented ALD coating of its Aukam vein graphite for use in lithium-ion batteries. Forge Nano is a global leader in surface engineering and precision nano-coating technology, using Atomic Layer Deposition.

GRAT has two outstanding off-take purchase agreements with TODAQ and Phu Sumika with contract fulfillment slated to begin in 2021.  Gratomic plans to deliver mine-to-market traceability through its partnership with deeptech company TODAQ by providing documented tracking on all graphite generated at its flagship Aukam Graphite Project.

For more information: visit the website at www.gratomic.ca or contact:
Arno Brand at abrand@gratomic.ca or 416 561-4095

Subscribe at gratomic.ca/contact/ to be added to our email list.

“Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”

Forward Looking Statements: 
This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com)

Next Graphite Announces Successful Startup of Aukam Processing Plant and Initial Shipment

Tue, 15 May 2018 08:00:00 -0400

LOS ANGELES, CA. , May 15, 2018 (GLOBE NEWSWIRE) -- Next Graphite, Inc. (OTC PINK: GPNE) ("Next Graphite," "GPNE" or the "Company"), a graphite development company out of the Republic of Namibia and co-license joint interest holder in the Aukam vein graphite project, is pleased to announce that its Aukam processing plant has been commissioned successfully and an initial shipment of graphite concentrate has been made.

The Aukam processing plant was constructed between December 2017 and March 2018, with initial throughput and optimization reached during March and April 2018. To date, the plant has generated 5 tons of graphite concentrate grading between 88%-95% Carbon as Graphite (“Cg”) of which 2.5 tons of concentrate has been shipped to Perpetuus Carbon Technologies (“Perpetuus”) for the manufacture of graphenes to be used in the automobile and bicycle tire industry. Next Graphite’s joint venture partner, Gratomic Inc. (“GRAT”) (GRAT.V) (CB81.F), is currently in collaboration with Perpetuus to build on Perpetuus’ capability to initially provide approximately 550 tons of surfaced modified graphenes per annum to support the volumes required by the tire manufacturing industry. Once the market has been established, Perpetuus states that it has the capability to elevate capacity to 1000’s of tons per annum of graphite derived surface modified multilayer graphenes / graphene flakes (“GNP’s”).

The first cycle tire order for the graphenes to a globally recognized brand is planned for delivery at the end of the second quarter of 2018. Additional applications that have now been generated in a pre-production format include radiant heating membranes and super hydrophobic coatings with an addressable market that includes: marine, oil & gas, power generation, industrial (repair & maintenance), infrastructure (new build) and automotive & transportation, among others.

The Aukam processing plant uses a simple crushing, grinding and flotation system with a current capacity of 650 tons per annum. Construction is already underway for the installation of a larger mill with an 11,000 ton per annum capacity.

Graphite Feed for the Aukam processing plant is obtained from screening and sorting of stockpiles existing from historical and recent mining. An average feed grade of 56.29% Cg with a range of 41.55% Cg to 63.87% Cg was determined from ten 2kg to 30kg grab samples from across the stockpiled lumps. Note that assays of grab samples should not be taken as necessarily representative of the mineralization on the Aukam property as a whole.

“The successful start-up of our Aukam processing plant is a major milestone for the Company, one that allows our JV partner to begin feeding concentrate to Perpetuus for the manufacturing of graphenes for use as a material enhancing filler within tire elastomers”, said Cliff Bream, CEO of Next Graphite.

About Next Graphite, Inc.:

Next Graphite, Inc. is a development stage company targeting the growing specialty graphite production industry. Our JV partner is an advanced materials company focused on mine to market commercialization of graphite products most notably high value graphene-based components for a range of mass market products. They are collaborating with a leading European manufacturer of graphenes to use Aukam graphite to manufacture graphene products for commercialization on an industrial scale.

The Company’s Africa-based Aukam Graphite Mine was established in 1940 in the current Republic of Namibia and produced USD $30 million of graphite at today's prices. The site is located on approximately 69,000 acres (27,870 hectares) in southern Namibia close to the port city of Luderitz and is estimated to contain a significant amount of high grade, vein type graphitic material. The property hosts three underground adits that were mined periodically between 1940 and 1974. Five dumps from the historical mining occur on the property. Next Graphite’s joint venture in Namibia maintains high safety and environmental standards and has a comprehensive strategy of social engagement.

For more information, please visit: www.nextgraphite.com.

Safe Harbor Statement:

This press release contains forward-looking statements made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward looking statements are based upon the current plans, estimates and projections of Next Graphite Inc.'s management and are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. Such statements include, among others, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in Africa, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements. Among others, could cause actual results to differ from those set forth in the forward-looking statements: business conditions in Africa, general economic conditions; geopolitical events and regulatory changes, availability of capital, the Company's ability to maintain its competitive position and dependence on key management. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

CONTACT:
Next Graphite, Inc.
Bill King
ir@nextgraphite.com
(949) 922-8352

For Graphite Product Enquiries:
Arno Brand
 +1 (416)-561-4095
abrand@boswellprojects.com

Source: Next Graphite, Inc.

Next Graphite Announces Further Updates To Aukam Plant Construction & Mining Progress

Tue, 03 Apr 2018 08:00:00 -0400

LOS ANGELES, CA, April 03, 2018 (GLOBE NEWSWIRE) -- Next Graphite, Inc. (OTC PINK: GPNE) ("Next Graphite," "GPNE" or the "Company"), a graphite development company out of the Republic of Namibia and co-license joint interest holder in the Aukam vein graphite project, is pleased to announce that major progress is continuing regarding completion of the pilot processing facility at its mining site at Aukam.


	Next Graphite, Inc.

The main work being carried out by our joint venture at the Aukam site since our last press release is construction. The construction includes assembling of the pilot processing facility that will be used to process initial market product for end users to test its viability in certain end uses at scale.

In preparation for the commissioning of the plant, graphite lumps have been transported and stockpiled and further readied for processing.

Almost all of the plant components have been acquired from South Africa and Namibia, which simplifies the procurement significantly from the other options in China and Sri Lanka.

“I continue to be very pleased with the progress Next Graphite has accomplished with our joint venture partner at Aukam,” said Cliff Bream, CEO of Next Graphite.

Next Graphite’s joint venture partner is Gratomic Inc. (“GRAT” or the “Company”) (GRAT.V) (CB81.F) (WKN:A2JAP3).

About Next Graphite, Inc.:

Next Graphite, Inc. is a development stage company targeting the growing specialty graphite production industry. The Company’s Africa-based Aukam Graphite Mine was established in 1940 in the current Republic of Namibia and produced USD $30 million of graphite at today's prices. The site is located on approximately 69,000 acres (27,870 hectares) in southern Namibia close to the port city of Luderitz and is estimated to contain a significant amount of high grade, vein type graphitic material.

The property hosts three underground adits that were mined periodically between 1940 and 1974. Five dumps from the historical mining occur on the property. The Company is working to transition from its current exploratory license to a full mining license and complete construction of a new graphite processing facility in 2018. Next Graphite’s joint venture in Namibia maintains high safety and environmental standards and has a comprehensive strategy of social engagement.

For more information, please visit: www.nextgraphite.com.

Safe Harbor Statement:

CONTACT:

Bill King
ir@nextgraphite.com
(949) 922-8352

SOURCE: Next Graphite, Inc.

For graphite product enquiries:
Arno Brand, +1 416-561-4095 abrand@boswellprojects.com

Source: Next Graphite, Inc.

Next Graphite Announces Strong Year-End Update: Aukam Plant Construction Underway; JV Partner Closes Non-Brokered, Private Placement

Tue, 19 Dec 2017 12:30:00 -0500

Also Reporting: Extension Of Exclusive Prospecting License To 2019; Up To 43.01% Carbon As Graphite From Surface Sampling; European Manufacturer Of Graphenes Will Use Aukam Graphite In Tests Of High Performance Tires

LOS ANGELES, CA, Dec. 19, 2017 (GLOBE NEWSWIRE) -- Next Graphite, Inc. (OTC PINK: GPNE) ("Next Graphite," "GPNE" or the "Company"), a graphite development company in the African Republic of Namibia and co-license holder of the Aukam vein project, is pleased to recap multiple 2017 accomplishments: its Aukam Graphite Plant is approximately 50% constructed; positive sampling results continue; its exclusive Namibia prospecting license has been renewed; and its JV partner has concluded a significant round of financing and has entered into a LOI with its European graphene manufacturing partner.

Aukam Plant Construction: Plant construction is well underway and our JV partner, CKR Carbon Corporation, which is overseeing construction, anticipates plant completion in the second quarter of 2018. Initial production sampling will then commence.

Successful Testing of Aukam Graphite Continues: Work carried out on the project since January 2014 has involved detailed and regional geological mapping, geophysical surveys, sampling and assaying of graphite veins and dump material, metallurgical test work, bulk sampling, underground drilling and environmental impact assessments.

Surface sampling of graphite occurrences as of September 2017 has resulted in assays of 1.96% Cg (carbon as graphite) to 43.01% Cg from 22 samples of disseminated graphite, vein graphite and mineralized zone. The graphite occurrences were taken from over approximately 200m within a larger east-west zone of 500 meters of disseminated graphite. This zone broadly corresponds to a 700-meter long electromagnetic anomaly delineated earlier this year. Sampling is ongoing to fully delineate the potential of the graphite mineralization at Aukam.

Exclusive License Renewal: The Namibian Minister of Mines and Energy has approved the renewal of Exclusive Prospecting License (EPL) 3895 for a period of two years until April 3, 2019.

The renewed license covers an area of 27,870 hectares (278.7 square kilometers) over the historical Aukam vein graphite mine in southern Namibia. Recent work by the Company over the past two years has led to a better understanding of the quality and distribution of the graphite mineralization at Aukam. In particular exploration has demonstrated significant potential for expansion of the mineralization outside the old workings.

JV Partner Financing: Our partner announced that it closed a non-brokered private placement on November 23, 2017 and raised CD $2,793,640. Proceeds from the offering will be used to complete the plant at Aukam, for the acquisition of mining equipment, for further exploration at Aukam, for product development, and for general working capital.

Graphene Manufacturer LOI: Our JV partner also announced that a leading European manufacturer of surface engineered nano graphenes (EMG) signed an LOI to formally develop and exploit Aukam graphite, to facilitate the manufacture of nano surface engineered graphenes for large volume mass-market applications. We will supply an industrial quantity of Aukam graphite concentrate to enable the manufacture and testing of more than 400 high performance tires by that European graphene manufacturing partner.

“I am very pleased with the progress we have accomplished with our joint venture partner at Aukam in 2017,” said Cliff Bream, CEO of Next Graphite. “Inevitable delays and challenges in exploratory mining activities have been overcome and the stage has been set for much-anticipated production revenues in 2018. We have opted to go to non-reporting status for the time being to concentrate on our focus on the Aukam plant and our drive to profitability, rather than spend time and money on public filings. We plan on resuming fully reporting status after we begin revenues, which we anticipate in the second quarter 2018,” Bream concluded.

About Next Graphite, Inc.:

The property hosts three underground adits that were mined periodically between 1940 and 1974. Five dumps from the historical mining occur on the property and in September 2017 22 samples of disseminated graphite, vein graphite and mineralized zone were assayed at up to 43.01% Cg. The Company is working to transition from its current exploratory license to a full mining license and complete construction of a new graphite processing facility in 2018. Next Graphite’s joint venture in Namibia maintains high safety and environmental standards and has a comprehensive strategy of social engagement.

For more information, please visit: www.nextgraphite.com.

Safe Harbor Statement:

Next Graphite, Inc.
Bill King
ir@nextgraphite.com 
(949) 922-8352


For graphite product enquiries:
Arno Brand
+1 416-561-4095    
abrand@boswellprojects.com

Source: Next Graphite, Inc.

CORRECTION: Next Graphite Announces JV Partner's Closing Of CD $1,000,000 Brokered Private Placement

Thu, 17 Nov 2016 09:50:00 -0500

Next Graphite's announcement released at 10:25 am Eastern, November 16, 2016 contained an error in its headline. The headline should have read "Next Graphite Announces JV Partner's Closing of CD $1,000,000 Brokered Private Placement" … today's announcement is correct as follows:

NEW YORK, NY / ACCESSWIRE / November 17, 2016 / Next Graphite, Inc. (OTC PINK: GPNE) ("Next Graphite," "GPNE" or the "Company"), is pleased to announce that its joint venture partner, CKR Carbon Corporation, headquartered in Toronto, Canada, has raised gross proceeds of CD $1,087,979 pursuant to the brokered private placement led by First Republic Capital Corporation announced on October 17, 2016.

The use of the net proceeds will include drilling and sampling of Next Graphite's Aukam Graphite Mine in Namibia in order to apply for a permanent mining permit and for working capital.

"This latest raise will allow our JV partner to accelerate activities and complete Phase 3 of our farmout agreement for the Aukam mining site that culminates in a permanent mining license," said Cliff Bream CEO of Next Graphite. "That triggers the final Phase 4 and construction of our new processing facility, when revenue per ton will increase from approximately $400 (unprocessed graphite) to approximately $3,000 (high quality processed graphite). We are committed to stay on our timetable to fulfill orders for the JV's 10 year supply agreement announced October 10, as well as other anticipated orders."

About Next Graphite, Inc.:

Next Graphite, Inc. is a development stage company targeting the growing global graphite production industry with the Company's Africa-based Aukam Graphite Project. The Aukam Graphite Mine was established in 1940 in the current Republic of Namibia and produced USD $30 million of graphite at today's prices. The site is located on approximately 96,000 acres (34,082 hectares) in southern Namibia, close to the port city of Luderitz, and is estimated to contain a significant amount of high grade, vein type graphitic material.

The property hosts three underground adits that were mined periodically between 1940 and 1974. Five dumps from the historical mining occur on the property and 73 samples from the lower three dumps were assayed and averaged 42% Cg. Next Graphite's joint venture has completed a bulk-sampling program at Aukam, and the joint venture has a letter of intent to sell the graphitic material produced during the program. Findings to date have reinforced Next's intent to put the historical mine back into production. The Company is working to transition from its current exploratory license to a full permanent mining license and build a new graphite processing facility. Next's joint venture in Namibia maintains high safety and environmental standards and has a comprehensive strategy of social engagement.

For more information, please visit: www.nextgraphite.com.

Safe Harbor Statement:

This press release contains forward-looking statements made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are based upon the current plans, estimates and projections of Next Graphite Inc.'s management and are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. Such statements include, among others, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in Africa, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements. Among others, could cause actual results to differ from those set forth in the forward-looking statements: business conditions in Africa, general economic conditions; geopolitical events and regulatory changes, availability of capital, the Company's ability to maintain its competitive position and dependence on key management. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

CONTACT:

Steve Nichols
TaconicMedia@AOL.com
210-260-3125

SOURCE: Next Graphite, Inc.

Next Graphite Announces Private Placement Financing

Wed, 02 Nov 2016 08:30:00 -0400

Also Announces JV Acquisition of Graphite Warehouse Facilities in The Port of Luderitz, Namibia

NEW YORK, NY / ACCESSWIRE / November 2, 2016 / Next Graphite, Inc. (OTC PINK: GPNE) ("Next Graphite," "GPNE" or the "Company"), a graphite development company in the African Republic of Namibia and license holder of the Aukam vein project, is pleased to announce that its has retained Carter, Terry & Company, Inc. ("Carter Terry"), an Atlanta based full services investment banking firm, to act as its exclusive lead agent in respect of a private placement to raise up to $2,000,000 (the "Private Placement") on a best efforts basis.

The net proceeds from the sale of stock will be used for general working capital.

Carter Terry has an excellent investment banking record of helping companies with early stage financings through private placements. Headquartered in Atlanta, Georgia, Carter Terry has provided businesses with intelligent financial solutions and productive relationships for over 25 years. In 2015, the Atlanta Business Chronicle ranked Carter, Terry & Company, Inc. as one of Atlanta's Top Brokerage Firms.

"The Company is very impressed with Carter Terry's track record. A successful private placement will ensure that Next Graphite has adequate working capital prior to completion of its joint venture's graphite processing plant and will lessen the need to rely on revenue from unprocessed graphite, which is far less profitable than processed graphite," said Cliff Bream, CEO of Next Graphite, Inc.

Next Graphite is also pleased to announce that it's Aukam Graphite Mine JV has agreed to acquire 100% of the total issued share capital of Ludbay Properties (PTY) Ltd ("Ludbay"). Ludbay is a private Namibian company, the only asset of which are buildings and property on tidewater in the town of Luderitz, the closest port to the Aukam Graphite Mine.

The property covers 6,564 square meters and contains three buildings: a large warehouse, a double garage with six storerooms/workshops and a single garage with two offices and a storeroom. The JV intends to use the warehouse for the processing and packaging of graphite from the Aukam Graphite Mine. The property gives the JV waterfront access to the Port of Luderitz and to container facilities enabling direct delivery to ports in Europe, Asia and North America.

Traditionally dominated by diamond mining and fisheries, the Port of Luderitz in Namibia has recently expanded its facilities to meet the demands of modern industries including mineral development and oil and gas production. Recent upgrades include a 500m long quay providing cargo handling and container facilities and a new mobile harbour crane that can handle containers and break-bulk cargo up to 64 tonnes. In recent years, the port has handled over 300,000 tonnes of cargo and had 900 to 1,000 vessel visits each year. Transit time to Hamburg, Germany is approximately 19 days.

Bream went on to say, "We are excited that our JV is acquiring tidewater property in the closest port to Aukam, as it gives us direct access to ship graphite to potential markets in Europe, Asia and North America."

About Next Graphite, Inc.:

Next Graphite, Inc. is a development stage company targeting the growing global graphite production industry with the Company's Africa-based Aukam Graphite Project. The Aukam Graphite Mine was established in 1940 in the current Republic of Namibia and produced USD $30 million of graphite at today's prices. The site is located on approximately 96,000 acres (34,082 hectares) in southern Namibia close to the port city of Luderitz and is estimated to contain a significant amount of high grade, vein type graphitic material.

The property hosts three underground adits that were mined periodically between 1940 and 1974. Five dumps from the historical mining occur on the property and 73 samples from the lower three dumps were assayed and averaged 42% Cg. Next Graphite's joint venture has completed a bulk-sampling program at Aukam, and the joint venture has a letter of intent to sell the graphitic material produced during the program. Findings to date have reinforced Next's intent to put the historical mine back into production. The Company is working to transition from its current exploratory license to a full mining license and build a new graphite processing facility. Next's joint venture in Namibia maintains high safety and environmental standards and has a comprehensive strategy of social engagement.

For more information, please visit: www.nextgraphite.com.

Safe Harbor Statement:

CONTACT:

Paul DeRiso
ir@nextgraphite.com
(925) 465-6088

SOURCE: Next Graphite, Inc.

Next Graphite Signs Graphite Supply Agreement

Mon, 10 Oct 2016 08:30:00 -0400

NEW YORK, NY / ACCESSWIRE / October 10, 2016 / Next Graphite, Inc. (OTC PINK: GPNE) ("Next Graphite," "GPNE" or the "Company"), a graphite development company in the African Republic of Namibia and license holder of the Aukam vein project, is pleased to announce that its joint venture has entered into a definitive agreement with a vertically integrated graphite producer to supply an initial 5,000 tonnes of graphite per annum, subject to receiving a full mining license, an application for which will be submitted in early 2017. The supply agreement expands upon the Letter of Intent signed in March (see News Release dated March 24, 2016). The agreement is for ten (10) years and the Producer has the option to renew the agreement for an additional ten (10) years.

Following signing of the Letter of Intent, the Company's joint venture supplied the Producer with several samples of Aukam vein graphite material for testing, including a 1.6 tonne bulk sample. All samples successfully passed preliminary testing, including suitability use in battery anodes. Following successful additional third party testing, the Producer will purchase commercially reasonable quantities of graphite each year that could eventually reach 10,000 tonnes per annum.

An estimated order for graphite will be placed with the Company at least four weeks prior to each quarter. Delivery of the graphite to the Producer shall be outlined in final orders that specifies quantity, material, sizing, packing, quality humidity and terms of payment. Price of the graphite will be negotiated at the time of each order in the context of prevailing market conditions. It is anticipated that product deliveries will take place Free on Board (FOB) Luderitz Bay, Namibia, approximately 200 kilometres by road from Aukam.

"This supply agreement gives our joint venture a market for the Aukam graphite, and the opportunity to be exposed to technology in the important graphene and graphite anode space" said Cliff Bream, CEO of Next Graphite, Inc. "We look forward to a long term relationship that is mutually beneficial to both companies."

About Next Graphite, Inc.:

Next Graphite, Inc. is a development stage company targeting the growing global graphite production industry with the Company's Africa-based Aukam Graphite Project. The Aukam Graphite Mine was established in 1940 in the current Republic of Namibia and produced USD $30 million of graphite at today's prices. The site is located on approximately 96,000 acres (34,082 hectares) in southern Namibia close to the port city of Luderitz and is estimated to contain a significant amount of high grade, vein type graphitic material.

The property hosts three underground adits that were mined periodically between 1940 and 1974. Five dumps from the historical mining occur on the property and 73 samples from the lower three dumps were assayed and averaged 42% Cg. Next Graphite's joint venture has a sales agreement to sell the graphitic material produced during the program as well as a letter of intent to sell the graphitic material produced during its recently completed a bulk sampling program at Aukam. Findings to date have reinforced Next's intent to put the historical mine back into production. The Company is working to transition from its current exploratory license to a full mining license and build a new graphite processing facility. Next's joint venture is currently undertaking studies to support an application for that mining license, which will be submitted in early 2017. Next and its joint venture partner maintain high safety and environmental standards and has a comprehensive strategy of social engagement in Namibia.

For more information, please visit: www.nextgraphite.com.

Safe Harbor Statement:

CONTACT:

Paul DeRiso
ir@nextgraphite.com
(925) 465-6088

SOURCE: Next Graphite, Inc.

Next Graphite Completes First Phase of an EIA for the Aukam Graphite Project

Mon, 03 Oct 2016 08:30:00 -0400

NEW YORK, NY / ACCESSWIRE / October 3, 2016 / Next Graphite, Inc. (OTC PINK: GPNE) ("Next Graphite," "GPNE" or the "Company"), a graphite exploration/development stage company in the African Republic of Namibia, is pleased to announce progress on an Environmental Impact Assessment (EIA) for its Aukam graphite project.

Next's JV partner has begun work on an EIA at an integral part of the Company's application for a mining permit Aukam. The study will consist of three phases of work:

Phase 1 includes gathering all of the information about the project required to apply for an environmental clearance certificate. This phase is complete and the application for the certificate has been submitted.

Phase 2 includes the generation of an environmental scoping report and a draft environmental management plan, both of which will be submitted to the Environmental Commissioner.

Phase 3 includes gathering data on relevant physical, biological and socio-economic conditions to form an assessment of baseline environmental conditions and potential impact of the project.

A final report and environmental management plan will be submitted to the Environmental Commissioner at the end of the study.

It is expected that the EIA will be completed and submitted to the Ministry of Environment and Tourism before the end of 2016.

"The EIA is an integral part of our application for a mining permit at Aukam and we are very pleased to get the study underway and continue our pace of activity," said Cliff Bream, CEO of Next Graphite. "The Company intends to be responsive to the needs of all stakeholders to ensure that the Aukam graphite project is beneficial to all involved."

About Next Graphite, Inc.:

Next Graphite, Inc. is a development stage company targeting the growing global graphite production industry with the Company's Africa-based Aukam Graphite Project. The Aukam Graphite Mine was established in 1940 in the current Republic of Namibia and produced USD $30 million of graphite at today's prices. The site is located on approximately 96,000 acres (34,082 hectares) in southern Namibia close to the port city of Luderitz and is estimated to contain a significant amount of high grade, vein type graphitic material.

The property hosts three underground adits that were mined periodically between 1940 and 1974. Five dumps from the historical mining occur on the property and 73 samples from the lower three dumps were assayed and averaged 42% Cg. Next Graphite's joint venture has completed a bulk-sampling program at Aukam, and the joint venture has a letter of intent to sell the graphitic material produced during the program. Findings to date have reinforced Next's intent to put the historical mine back into production. The Company is working to transition from its current exploratory license to a full mining license and build a new graphite processing facility. Next's joint venture in Namibia maintains high safety and environmental standards and has a comprehensive strategy of social engagement.

For more information, please visit: www.nextgraphite.com.

Safe Harbor Statement:

CONTACT:

Paul DeRiso
ir@nextgraphite.com
(925) 465-6088

SOURCE: Next Graphite, Inc.

Next Graphite Provides an Operational Update on its Aukam Graphite Project

Thu, 22 Sep 2016 08:30:00 -0400

NEW YORK, NY / ACCESSWIRE / September 22, 2016 / Next Graphite, Inc. (OTC PINK: GPNE) ("Next Graphite," "GPNE" or the "Company"), a graphite exploration/development stage company in the African Republic of Namibia, is pleased to announce completion of a NI43-101 technical report for its Aukam graphite project and the granting of permission to use explosives for underground exploration at the project.

Explosives will be used at the Aukam site to complete the process of making the adits safe by blasting large blocks of rock that were unable to be barred down in the initial phase (see News Release dated August 16, 2016). Blasting is expected to start in early October, initially with the remaining bad hangings in the adits, followed by clearing the winze area at the back of the lower adit (to open access to a lower level), and finally in the open pit to ensure all loose material is removed from the stopes.

Once the adits have been made safe, the Company's JV will proceed with an underground exploration program of drilling and development to delineate resources down dip of the lower adit. These resources will be included, together with the results of an Environmental Impact Assessment (EIA), in the application for the mining license.

The Company is also pleased to announce that its JV has filed a National Instrument 43-101 (NI-43-101) technical report for the Aukam Graphite Project, describing the exploration work carried out on the project to date and recommendations for future work. The main focus of the upcoming work program will be to complete the EIA, as well as the underground exploration and delineation of resources described above. The report titled "Technical Report on the Aukam Graphite Deposit, Bethanie District, Karas Region, Namibia" is available on the Company's web site: https://d1io3yog0oux5.cloudfront.net/nextgraphite/files/docs/Aukam+Graphite+Deposit+2016+Technical+Report.pdf.

"Recent progress at the Aukam site has been significant," said Cliff Bream, CEO of Next Graphite. "As previously reported, we have built an initial stockpile from our above-ground graphitic material. As a result of continuing work in our existing adits we hope to add significant material to the stockpile from our underground exploration. We look forward to restarting production of processed graphite at this past producing mine, and receiving a full mining permit is the next step towards that. Our joint venture will be focussing its effort on completing the necessary studies on time and on budget in order to expedite the process."

About Next Graphite, Inc.:

Next Graphite, Inc. is a development stage company targeting the growing global graphite production industry with the Company's Africa-based Aukam Graphite Project. The Aukam Graphite Mine was established in 1940 in the current Republic of Namibia and produced USD $30 million of graphite at today's prices. The site is located on approximately 96,000 acres (34,082 hectares) in southern Namibia close to the port city of Luderitz and is estimated to contain a significant amount of high grade, vein type graphitic material.

The property hosts three underground adits that were mined periodically between 1940 and 1974. Five dumps from the historical mining occur on the property and 73 samples from the lower three dumps were assayed and averaged 42% Cg. Next Graphite's joint venture has completed a bulk-sampling program at Aukam, and the joint venture has a letter of intent to sell the graphitic material produced during the program. Findings to date have reinforced Next's intent to put the historical mine back into production. The Company is working to transition from its current exploratory license to a full mining license and build a new graphite processing facility. Next's joint venture in Namibia maintains high safety and environmental standards and has a comprehensive strategy of social engagement.

For more information, please visit: www.nextgraphite.com.

Safe Harbor Statement:

CONTACT:

Paul DeRiso
ir@nextgraphite.com
(925) 465-6088

SOURCE: Next Graphite, Inc.

Next Graphite Announces Signing Farm Out Agreement

Thu, 15 Sep 2016 08:30:00 -0400

NEW YORK, NY / ACCESSWIRE / September 15, 2016 / Next Graphite, Inc. (OTC PINK: GPNE) ("Next Graphite," "GPNE" or the "Company"), a graphite exploration/development stage company in the African Republic of Namibia, is pleased to announce the signing of a Farm Out agreement (the Agreement) with CKR Carbon (CKR) for its Aukam graphite project. Under the terms of the Agreement Next Graphite will allow CKR to earn up to 63% interest in the License and the Project upon completion of (i) investing $1.1 million in cash; or (ii) the completion of the plant and infrastructure set up; and (iii) government authorization to begin commercial operations. CKR has spent $400,000 to date on the project.

The Farm Out agreement also specifies that CKR make quarterly payments for a total of $180,000 ($85,000 paid to date) during the Farm-Out period, which began on June 8, 2015 (on signing of the Joint Venture Agreement) and ends when CKR has earned up to 63%, as outlined above. Should the Farm-Out Period need to be extended beyond the time in which CKR has invested its $1.1 million, Next will continue to be paid $25,000 per Quarter [or pro-rata for a partial Quarter] until (i) the completion of the plant and infrastructure set up; and (ii) government authorization to begin commercial operations. In addition, in the case where the Farm-Out period is extended, and the revenue stream from graphite sales is less than $100,000 per month, CKR will loan Next Graphite $25,000 per quarter.

In the event any material is sold at any time, any realizable amount from net proceeds of sale of the material shall be distributed to the parties in the following proportions: 63% to CKR and 37% to Next. The JV currently has a Letter of Intent to supply up to 5,000 metric tonnes of graphitic material grading between 40 and 50% Cg (carbon as graphite) over the course of the next year (see Next Graphite News Release dated March 24, 2016).

"The signing of a comprehensive Farm Out agreement with our JV partner is an important step in defining our milestones for the next 12 months," said Cliff Bream, CEO of Next Graphite. "Our upcoming joint activities include a feasibility study to determine the extent of graphitic material we have underground, and continuing to add material to our stockpile, first for upcoming sales of pre-processed graphite and then for sale as processed graphite once our plant is up and running. We are entering a very active period in our project, and we are excited."

About Next Graphite, Inc.:

Next Graphite, Inc. is a development stage company targeting the growing global graphite production industry with the Company's Africa-based Aukam Graphite Project. The Aukam Graphite Mine was established in 1940 in the current Republic of Namibia and produced USD $30 million of graphite at today's prices. The site is located on approximately 96,000 acres (34,082 hectares) in southern Namibia close to the port city of Luderitz and is estimated to contain a significant amount of high grade, vein type graphitic material.

The property hosts three underground adits that were mined periodically between 1940 and 1974. Five dumps from the historical mining occur on the property and 73 samples from the lower three dumps were assayed and averaged 42% Cg. Next Graphite's joint venture has completed a bulk-sampling program at Aukam, and the joint venture has a letter of intent to sell the graphitic material produced during the program. Findings to date have reinforced Next's intent to put the historical mine back into production. The Company is working to transition from its current exploratory license to a full mining license and build a new graphite processing facility. Next's joint venture in Namibia maintains high safety and environmental standards and has a comprehensive strategy of social engagement.

For more information, please visit: www.nextgraphite.com.

Safe Harbor Statement:

CONTACT:

Paul DeRiso
ir@nextgraphite.com
(925) 465-6088

SOURCE: Next Graphite, Inc.

Next Graphite JV Files 10-Q and Begins Underground Exploration at Aukam

Tue, 16 Aug 2016 08:30:00 -0400

NEW YORK, NY / ACCESSWIRE / August 16, 2016 / Next Graphite, Inc. (OTC PINK: GPNE) ("Next Graphite," "GPNE" or the "Company"), a graphite exploration/development stage company in the African Republic of Namibia, is pleased to announce the on-time filing of its latest SEC Form 10-Q and the start of underground exploration at the past-producing Aukam graphite project in Namibia. This next phase of work will focus on delineating resources in support of an application for a mining license in early 2017, or sooner.

Initial work included the surveying of the underground adits and open pit at the past producing graphite mine. Two adits were surveyed, the lower adit extends into the hillside for a total of 165 metres with two of the largest stopes, each over two metres wide, occurring near the end of the adit (see map at http://www.nextgraphite.com). The upper adit, located 27 metres above the lower adit extends into the hillside for 75 metres. Both adits end directly below the open pit, which is located approximately 30 metres above the upper adit and 57 metres above the lower adit. This suggests that graphite veins observed at surface in the open pit extend 57 metres down dip to the stopes in the lower adit. Recent preliminary assessments of the veins in the lower adit (see News Release dated July 25, 2016) indicate that they continue below the level of the lower adit.

As recently reported in our New Release of August 10, Next Graphite's joint venture is also in the process of making the underground workings safe prior to undertaking exploration. Loose hangings in the open stopes of both adits have been barred down under the direction of a mining engineer. Larger blocks unable to be manually barred down will be blasted to complete the process of making the adits safe. In preparation for the blasting, blast holes have been prepared in both adits, and the explosive magazine from the historical mining activity is being rehabilitated.

Once the explosives arrive on site, blasting will begin with the remaining bad hangings in the adit, followed by clearing the winze area at the back of the lower adit (this will open access to a lower level) and finally in the open pit to ensure all loose material is down from the stopes. Much of the material that has been barred down and will be blasted is from graphite veins in the old stopes. This will be sorted and added to the graphitic material stockpiled from our recent bulk sampling program. Recent assays of vein material from the lower adit resulted in values of 18.34% Cg (carbon as graphite) to 56.06% Cg (see news release dated July 25, 2016).

Once the adits have been made safe, detailed mapping of the exposed graphite veins will be undertaken and results used in planning an underground drilling program. The program will aim to delineate resources down dip of the lower adit to be included in the application for a mining permit.

"We have surveyed our above-ground graphite heaps and are stockpiling graphitic material for sale. Our logical next step is to explore what we have underground, starting with our existing adits, and continue to add material to our stockpile," said Cliff Bream, CEO of Next Graphite. "Work is proceeding on schedule and we are excited at what we are finding. Even if we realize only a fraction of the 4 million tonnes of high-grade graphite estimated at the Aukam site in an outside geologists report, the site would become a significant provider of lump-vein graphite."

About Next Graphite, Inc.:

Next Graphite, Inc. is a development stage company targeting the growing global graphite production industry with the Company's Africa-based Aukam Graphite Project. The Aukam Graphite Mine was established in 1940 in the current Republic of Namibia and produced USD $30 million of graphite at today's prices. The site is located on approximately 96,000 acres (34,082 hectares) in southern Namibia close to the port city of Luderitz and is estimated to contain a significant amount of high grade, vein type graphitic material.

The property hosts three underground adits that were mined periodically between 1940 and 1974. Five dumps from the historical mining occur on the property and 73 samples from the lower three dumps were assayed and averaged 42% Cg. Next Graphite's joint venture has completed a bulk-sampling program at Aukam, and the joint venture has a letter of intent to sell the graphitic material produced during the program. Findings to date have reinforced Next's intent to put the historical mine back into production. The Company is working to transition from its current exploratory license to a full mining license and build a new graphite processing facility. Next's joint venture in Namibia maintains high safety and environmental standards and has a comprehensive strategy of social engagement.

For more information, please visit: www.nextgraphite.com.

Safe Harbor Statement:

CONTACT:

Paul DeRiso
ir@nextgraphite.com
(925) 465-6088

SOURCE: Next Graphite, Inc.

Next Graphite Preparing for Additional Sampling and Blasting of Underground Veins

Wed, 10 Aug 2016 08:44:00 -0400

NEW YORK, NY / ACCESSWIRE / August 10, 2016 / Next Graphite, Inc. (OTC PINK: GPNE) ("Next Graphite," "GPNE" or the "Company"), a graphite exploration/development stage company in the African Republic of Namibia, is pleased to announce significant progress in completing an assessment of graphite reserves at its Aukam graphite site.

A survey of the old mine workings has been completed and survey plans have been submitted to the Department of Mines, as per regulations.
Mechanical scaling down of bad hangings has been completed in both Adit 1 and Adit 2. Split sets have been installed in sections of the Adits and iron bar and timber platforms have been installed.
A magazine, to house explosives cartridges, has also been built and the Company is awaiting inspection by relevant authorities.
Blasting of the bad ground that could not be bared down or supported by split Bars will be done as soon explosives arrive on site. Holes for this purpose have been drilled.

In addition, old mine workings are being cleaned both for safety and to allow geological mapping. The geological mapping will allow siting of exploration drill holes underground that will probe the down-dip extension of the ore body.

"I am very pleased with the continued progress at our Aukam site," said Cliff Bream, CEO of Next Graphite. "Geological mapping, drilling, metallurgical test works and market research by our joint venture has all contributed to this progress and to our upcoming feasibility assessment of the reserves at Aukam. We will continue our work quantifying this assessment."

About Next Graphite, Inc.:

For more information, please visit: www.nextgraphite.com.

Safe Harbor Statement:

CONTACT:

Paul DeRiso
ir@nextgraphite.com
(925) 465-6088

SOURCE: Next Graphite, Inc.

Next Graphite Assays Reach 56.1% Cg in Veins From Adit at Aukam Graphite Project

Mon, 25 Jul 2016 08:30:00 -0400

NEW YORK, NY / ACCESSWIRE / July 25, 2016 / Next Graphite, Inc. (OTC PINK: GPNE) ("Next Graphite," "GPNE" or the "Company"), a graphite exploration/development stage company in the African Republic of Namibia, is pleased to announce recent assay results for samples of graphite veins from the lower adit and further assays of screened dump material at its Aukam graphite project.

Chip channel samples were taken from three graphite veins exposed in the lower adit and assayed between 18.34% Cg an 56.06% Cg (see table below).

The first sample, taken close to the entrance to the adit, assayed 18% Cg (carbon as graphite) over 0.9 metres (true width of 0.85 metres). A second sample taken at the intersection of the adit with a crosscut assayed 41.98% Cg over 0.84 metres (true width of 0.83 metres). The third sample was taken from the wall of a 2.2 metre wide stope near the end of the adit and assayed 52.08% Cg. With the exception of the low grade sample RM-001 (table below), results of these assays are consistent with historical assays of graphite veins that range from 41.21 to 68.85% Cg.

Three separate two-to-four kilogram grab samples of screened and sorted material from the dumps produced by the ongoing bulk sampling program assayed 41.55% Cg to 53.48% Cg. Previous assay results have ranged from 55.64% Cg to 63.87% Cg (see news release dated June 14, 2016). The average grade of the ten samples taken to date is 56.29% Cg.

"We are impressed with the consistency of assays from the screened and sorted material produced during the bulk sampling program," said Cliff Bream, President and CEO of Next Graphite. "This indicates that the screening and sorting is achieving the desired outcome of generating an upgraded graphitic product. In addition, and very importantly, the initial sampling of the veins in the underground adit demonstrates the high grade nature of the veins. Next Graphite's joint venture plans to follow up on these successful results with additional underground exploration."

Sample Number	Sample Type	Description	True Thickness (m)	Carbon as Graphite (Cg %)
RM-001	Channel chip	Graphite Vein	0.85	18.34
RM-002	Channel chip	Graphite Vein	0.83	41.98
RM-003	Channel chip	Graphite Vein	Unknown	56.06
AUK-U-88	Grab	Dump material	N/A	41.55
AUK-U-89	Grab	Dump material	N/A	53.48
AUK-U-90	Grab	Dump material	N/A	52.08

About Next Graphite, Inc.:

For more information, please visit: www.nextgraphite.com.

For graphite product enquiries:

Arno Brand
Boswell Projects
+1 416-561-4095
abrand@boswellprojects.com

Safe Harbor Statement:

CONTACT:

Steve Nichols
210.260.3125

SOURCE: Next Graphite, Inc.

Next Graphite Begins Bulk-Sampling Program

Mon, 20 Jun 2016 08:30:00 -0400

NEW YORK, NY / ACCESSWIRE / June 20, 2016 / Next Graphite, Inc. (OTC PINK: GPNE) ("Next Graphite," "GPNE" or the "Company"), a graphite exploration/development stage company in the African Republic of Namibia, is pleased to announce the start-up of the bulk sampling of graphitic material from the dumps at the Aukam graphite project in southern Namibia.

Site construction, including quarters for 30 workers and the building and installation of a screen, has been completed on schedule and on budget. Preparation for the bulk-sampling program including finalizing the infrastructure and clearing graphitic material from the adits and stockpiling on the dumps has also been completed.

The heavy equipment has arrived on site and work is under way. The bulk-sampling program is focussed on separating the graphitic material found in the Aukam dumps from the waste country rock by screening loads of dump material then hand-sorting the screened product. Approximately 500 tonnes of dump material are currently being screened and sorted each day.

Seven sub-samples from a 1.6 tonne sample of screened dump material were recently assayed and averaged 59.4% carbon as graphite (see news release dated June 14, 2016).

"We are very pleased that our joint venture has the bulk-sampling program up and running on schedule and on budget," said Cliff Bream, Chief Executive Officer of Next Graphite. "The rate of screening and hand sorting the dump material has exceeded our expectations, and we congratulate our contractors on this achievement."

As outlined in our joint venture's Letter of Intent (see news release dated March 24, 2016), the Company intends to send up to 5,000 tonnes of graphitic material to the graphite producer, with an initial shipment of 2,000 to 3,000 tonnes in the July-August timeframe as a result of this program.

About Next Graphite, Inc.:

For more information, please visit: www.nextgraphite.com.

For graphite product enquiries:

Arno Brand
Boswell Projects
+1 416-561-4095
abrand@boswellprojects.com

Safe Harbor Statement:

CONTACT:

Steve Nichols
(210) 260-3125

SOURCE: Next Graphite, Inc.

Next Graphite Announces Assay Results for Screened Aukam Samples, Average Grade of 59.40% Cg

Tue, 14 Jun 2016 08:30:00 -0400

First Shipment, Minimum 2,000 Tonnes, Scheduled for July-August 2016

NEW YORK, NY and WINDHOEK, REPUBLIC OF NAMIBIA / ACCESSWIRE / June 14, 2016 / Next Graphite, Inc. (OTC PINK: GPNE) ("Next Graphite," "GPNE" or the "Company"), a graphite exploration/development stage company in the African Republic of Namibia, is pleased to announce favorable results of assays overseen by our joint venture partner on approximately 160 kilograms of samples sent to TEA-Lab (previously Lilof Enterprises) of Swakopmund, Namibia. The average grade of 59.40% Cg (Carbon as graphite) for initial samples resulted from screening material taken from the Aukam dumps. Average grades of flake graphite deposits typically range from 1.5% to 25% Cg.

Assay Results

Total assay results of seven samples weighing between 20 and 30 kg were in a range of 55.64% to 63.87% Cg (carbon as graphite), averaging 59.40% Cg (results below). While these samples were selected from a larger 1.6 tonne sample, they are not considered representative of the mineralization on the Aukam dumps property as a whole.

Sample	Carbon as Graphite
Number	Cg %
1975	57.50
1980	63.87
2015	55.64
2075	58.66
2080	58.75
2225	60.86
2345	60.49
Average	59.40

The above seven samples were taken from the 1.6 tonnes shipped as part of our commitment under a Letter of Intent with a vertically integrated graphite producer (previous news release dated March 24, 2016) and are believed to be representative of that larger sample.

"The grade of these samples exceeds expectations based on previous assays of screened bulk samples from the Aukam dumps which averaged 42% Cg," said Cliff Bream, CEO of Next Graphite. "We expect the balance of our 1.6 tonne sample will respond well to processing and look forward to the results of those tests. These initial tests were made in preparing for initial Purchase Order shipments scheduled to begin in July or August of 2016."

Assays were performed at TEA-Lab of Swakopmund. Samples were crushed by hammer and jaw crusher to < 5 mm and split before milling sub-samples to < 200 microns followed by thermo-gravimetric analysis.

About Next Graphite, Inc.:

For more information, please visit: www.nextgraphite.com.

Safe Harbor Statement:This press release contains forward-looking statements made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward looking statements are based upon the current plans, estimates and projections of Next Graphite Inc.'s management and are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. Such statements include, among others, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in Africa, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements. Among others, could cause actual results to differ from those set forth in the forward-looking statements: business conditions in Africa, general economic conditions; geopolitical events and regulatory changes, availability of capital, the Company's ability to maintain its competitive position and dependence on key management. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

CONTACT:

Steve Nichols
(210) 260-3125

SOURCE: Next Graphite, Inc.

Next Graphite's Joint Venture Delivers Samples to Producer In Advance of Product Delivery

Tue, 17 May 2016 09:42:00 -0400

First Shipment of At Least 2,000 Tonnes Remains on Target for July 2016

NEW YORK, NY and WINDHOEK, REPUBLIC OF NAMIBIA / ACCESSWIRE / May 17, 2016 / Next Graphite, Inc. (OTC PINK: GPNE) ("Next Graphite," "GPNE" or the "Company"), a graphite exploration/ development stage company in the African Republic of Namibia, is pleased to announce that, as required under its Letter of Intent (see News Release dated, March 24, 2016), a 1.6 tonne sample has been delivered to the producer in order for it to test the material in its plant.

Additionally, construction and installation of bulk equipment on-site, including separation screens and sorting bays, has commenced in order to fulfill delivery of specified graphite.

Under the terms of the LOI, up to 5,000 metric tonnes of graphitic material grading between 40 and 50% Cg (carbon as graphite) will be delivered over the course of the next year, with a first shipment of at least 2,000 tonnes of graphitic material to be made during July 2016.

Next Graphite's recently renewed Prospecting License covers its 96,000-acre Aukam property including three existing adits and onsite heaps of graphite-bearing rock. Previous reports confirmed samples achieving 32% to 69% graphite content, with the highest sample recorded at 82% graphite.

"Important progress continues at our Aukam site," said Cliff Bream, CEO of Next Graphite. "We and our JV partner are preparing for initial customer deliveries of pre-processed graphite this summer. We are also planning on finalizing the farm-out agreement with our partner in the weeks ahead, which will set the stage for construction of our Aukam processing facility."

About Next Graphite, Inc.:

Next Graphite, Inc. is an exploration / development stage company targeting the growing global graphite production industry with the Company's Africa-based Aukam Graphite Project. The Aukam Graphite Mine was established in 1940 in the current Republic of Namibia and produced USD $30 million of graphite at today's prices. The site is estimated to contain a significant amount of high grade, vein type graphitic material, and is close to the port city of Luderitz. Global graphite demand is being driven by the development of new markets for clean and efficient energy alternatives, smart grid infrastructure and military capabilities. The completion of GPNE's Aukam Graphite Mine re-launch and development activities are expected to result in a significant investment into Namibia commencing in 2016.

For more information, please visit: www.nextgraphite.com.

Safe Harbor Statement: This press release contains forward-looking statements made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward looking statements are based upon the current plans, estimates and projections of Next Graphite Inc.'s management and are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. Such statements include, among others, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in Africa, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements. Among others, could cause actual results to differ from those set forth in the forward-looking statements: business conditions in Africa, general economic conditions; geopolitical events and regulatory changes, availability of capital, the Company's ability to maintain its competitive position and dependence on key management. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

CONTACT: Steve Nichols, (210) 260-3125

SOURCE: Next Graphite, Inc.

Next Graphite Receives Official Exploratory Mining License Renewal for its Aukam Site

Wed, 04 May 2016 12:25:00 -0400

First Shipment of 2,000 - 3,000 Tonnes Remains on Target for July 2016; Next Graphite Also Reports Fourth Quarter and Full Year 2015 Results

NEW YORK, NY and WINDHOEK, REPUBLIC OF NAMIBIA / ACCESSWIRE / May 4, 2016 / Next Graphite, Inc. (OTC PINK: GPNE) ("Next Graphite," "GPNE" or the "Company"), a graphite exploration/ development stage company in the African Republic of Namibia, is pleased to announce it has received formal Namibia ministry approval for renewal of its prospecting license. The Company has also announced its reported quarterly and full-year results for the period ending December 31, 2015.

Next Graphite has received notification from Namibia's Ministry of Mines and Energy for the renewal of its exclusive 'Prospecting Licence No: 3895' that covers the Aukam Graphite Deposit in southern Namibia. Notification was officially delivered to Gazania Investments 242 (PTY) Ltd ("Gazania"), the Namibian subsidiary of Next Graphite, Inc. The license has been renewed until March 13, 2017. Next Graphite will make an application for a Mining License prior to expiration of the Prospecting License.

Next Graphite's Prospecting License covers its 96,000-acre Aukam property including three existing adits and onsite heaps of graphite-bearing rock. Previous reports confirmed 95% of heap samples achieving 32% to 69% graphite content, with the highest sample recorded at 82% graphite.

The Company also filed its 2015 10-K report. Financials in the report reflect continued investment spending for our pre-revenue firm, including key pre-production activities and research findings, and the retirement of a convertible note.

"We were very pleased with the progress at our Aukam site in 2015," said Cliff Bream, CEO of Next Graphite. "Continuing engineering research documented the quality of our graphite and resulted in our attracting an experienced joint venture partner."

In releasing today's announcement, Bream added, "These 2015 results led to additional research at our Aukam site, a letter of intent for the sale of annual quantities of graphite, and now formal renewal of our Aukam license. We look forward to finalizing the farm-out agreement with our partner and beginning construction of our Aukam processing facility in 2016."

About Next Graphite, Inc.:

For more information, please visit: www.nextgraphite.com.

Safe Harbor Statement: This press release contains forward-looking statements made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward looking statements are based upon the current plans, estimates and projections of Next Graphite Inc.'s management and are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. Such statements include, among others, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in Africa, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements. Among others, could cause actual results to differ from those set forth in the forward-looking statements: business conditions in Africa, general economic conditions; geopolitical events and regulatory changes, availability of capital, the Company's ability to maintain its competitive position and dependence on key management. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

CONTACT: Steve Nichols, (210) 260-3125

SOURCE: Next Graphite, Inc.

Next Graphite's JV Partner Signs Letter of Intent to Supply Graphite From Aukam

Thu, 24 Mar 2016 09:00:00 -0400

First Shipment of 2,000 - 3,000 Tonnes Targeted for July

NEW YORK, NY and WINDHOEK, REPUBLIC OF NAMIBIA -- (Marketwired) -- 03/24/16 -- Next Graphite, Inc. (OTC PINK: GPNE) ("Next Graphite," "GPNE" or the "Company"), a graphite exploration / development stage company in Africa's Republic of Namibia, today announced that its joint venture partner has secured an LOI in which the venture will supply up to 5,000 metric tonnes of graphite material to a vertically integrated graphite producer over the course of the next year. First shipment is anticipated in July of this year.

Graphitic material grading between 40 and 50% Cg (carbon as graphite) will be delivered over the course of the next year under the terms of the letter of intent. It is expected that a first shipment of between 2,000 and 3,000 tonnes of graphitic material will be made in July 2016, prior to which the partners will supply a 1.6 tonne sample to allow the producer to run the material through its mill and make any adjustments necessary to treat the Aukam material on a go-forward basis.

This material comes from the previously announced bulk sampling program (see news release dated December 18, 2015). During a 500 tonne bulk sampling program in 2014, Next Graphite was able to stockpile and grade 240 tonnes of graphitic lumps with an average grade of 41.6% Cg within a range of 17.0% to 81.8% Cg.

"We are pleased that our partner has advanced these discussions to a preliminary arrangement for shipment of product to an established graphite producer. This allows us to move on to the next phase of our business plan," said Cliff Bream, President / CEO of Next Graphite, Inc. "This sales development is largely due to the quality of our graphite. Vein-type graphite, such as that which occurs at Aukam, is one of the highest grade naturally occurring forms of carbon. The highest grade sample assayed to date from the Aukam property graded 81.8% Cg, similar to the high grade graphite found in Sri Lanka."

Next's partner, CKR Carbon Corporation ("CKR" or the "Company") (TSX VENTURE: CKR) (FRANKFURT: CB8), has also issued a release on this important development.

About Next Graphite, Inc.:

Next Graphite, Inc. is an exploration / development stage company targeting the growing global graphite production industry with the Company's Africa-based Aukam Graphite Project. The Aukam Graphite Mine was established in 1940 in the current Republic of Namibia and produced USD$30 million of graphite at today's prices. The site is estimated to contain a significant amount of high grade, vein type graphitic material, and is close to the port city of Luderitz. Global graphite demand is being driven by the development of new markets for clean and efficient energy alternatives, smart grid infrastructure and military capabilities. The completion of GPNE's Aukam Graphite Mine re-launch and development activities are expected to result in a significant investment into Namibia commencing in 2016.

For more information, please visit: www.nextgraphite.com

Safe Harbor Statement
This press release contains forward-looking statements made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward looking statements are based upon the current plans, estimates and projections of Next Graphite Inc.'s management and are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. Such statements include, among others, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in Africa, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements. Among others, could cause actual results to differ from those set forth in the forward-looking statements: business conditions in Africa, general economic conditions; geopolitical events and regulatory changes, availability of capital, the Company's ability to maintain its competitive position and dependence on key management. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

CONTACT:
John Mattio
Investor Relations
+1 949 397-2522 ext. 3
ir@nextgraphite.com

Source: Next Graphite, Inc.

Next Graphite, Inc. Receives Conditional Renewal of Its Exclusive Prospecting License From the Namibian Ministry of Mines and Energy

Thu, 04 Feb 2016 09:00:00 -0500

NEW YORK, NY and WINDHOEK, REPUBLIC OF NAMIBIA -- (Marketwired) -- 02/04/16 -- Next Graphite, Inc. (OTC PINK: GPNE) ("Next Graphite," "GPNE" or the "Company"), a graphite exploration / development stage company in Africa's Republic of Namibia, today announced receipt of the Company's conditional renewal of its exclusive prospecting license (the "license") in Namibia. Next Graphite's license will cover its 96,000-acre Aukam property including three existing adits and onsite heaps of graphite-bearing rock, which previously reported 95% of heap samples achieved 32% to 69% graphite content with the highest sample recorded at 82% graphite.

Next Graphite received notification from the Ministry of Mines and Energy Namibia outlining its preparedness to grant approval for the renewal of its exclusive 'Prospecting Licence No: 3895' that covers the Aukam Graphite Deposit in southern Namibia. Such notice was delivered to Gazania Investments 242 (PTY) Ltd ("Gazania"), the Namibian subsidiary of Next Graphite, Inc.

The initial renewal application was made by Gazania on behalf of Next Graphite, Inc. on March 13, 2015. Management of Next Graphite and its TSXv-listed JV partner, CKR Carbon, are confident conditions as outlined in the notice will be met within the 60-day timeframe given by the Namibian Ministry of Mines and Energy.

"We are pleased that the renewal process has reached this point and look forward to working with the Namibian Government to accommodate its objectives in order to complete the process and start to increase its inward investment into Namibia," said Cliff Bream, CEO of Next Graphite, Inc. "We look forward to working with our joint venture partner to commercialize our above ground assets and to mine the high-grade graphite reported in our existing adits," Bream concluded.

About Next Graphite, Inc.:

Next Graphite, Inc. is an exploration / development stage company targeting the growing global graphite production industry with the Company's Africa-based Aukam Graphite Project. The Aukam Graphite Mine was established in 1940 in the current Republic of Namibia, produced USD$30 million of graphite at today's prices. The site is estimated to still contain a significant amount of high grade, vein type graphitic material, and is close to the port city of Luderitz. Global graphite demand is being driven by the development of new markets for clean and efficient energy alternatives, smart grid infrastructure and military capabilities. The completion of GPNE's Aukam Graphite Mine re-launch and development activities are expected to result in a multi-million dollar inward investment into Namibia commencing in 2016.

For more information, please visit: www.nextgraphite.com

Safe Harbor Statement

CONTACT:

John Mattio
Investor Relations
+1 949 397-2522 ext. 3
ir@nextgraphite.com

Source: Next Graphite, Inc.

Next Graphite, Inc. Receives Conditional Renewal of Its Exclusive Prospecting License From the Namibian Ministry of Mines and Energy

Wed, 03 Feb 2016 10:00:00 -0500

NEW YORK, NY and WINDHOEK, REPUBLIC OF NAMIBIA -- (Marketwired) -- 02/03/16 -- Next Graphite, Inc. (OTC PINK: GPNE) ("Next Graphite," "GPNE" or the "Company"), a graphite exploration / development stage company in Africa's Republic of Namibia, today announced receipt of the Company's conditional renewal of its exclusive prospecting license (the "license") in Namibia. Next Graphite's license will cover its 96,000-acre Aukam property including three existing adits and onsite heaps of graphite-bearing rock, which previously reported 95% of heap samples achieved 32% to 69% graphite content with the highest sample recorded at 82% graphite.

About Next Graphite, Inc.:

Next Graphite, Inc. is an exploration / development stage company targeting the growing global graphite production industry with the Company's Africa-based Aukam Graphite Project. The Aukam Graphite Mine was established in 1940 in the current Republic of Namibia, produced USD$30 million of graphite at today's prices. The site is estimated to still contain a significant amount of high grade, vein type graphitic material, and is close to the port city of Luderitz. Global graphite demand is being driven by the development of new markets for clean and efficient energy alternatives, smart grid infrastructure and military capabilities. The completion of GPNE's Aukam Graphite Mine re-launch and development activities are expected to result in a multi-million dollar inward investment into Namibia commencing in 2016.

For more information, please visit: www.nextgraphite.com

Safe Harbor Statement

CONTACT:

John Mattio
Investor Relations
+1 949 397-2522 ext. 3
ir@nextgraphite.com

Source: Next Graphite, Inc.