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Company News

Callinex Mines Begins Phase One Drilling at Pine Bay

Callinex Mines Begins Phase One Drilling at Pine Bay

Callinex Mines Inc. (TSXV:CNX,OTCQX:CLLXF) has commenced phase one of two at the Pine Bay Project near Flin Flon, Manitoba. The first phase of 8-10 holes totaling 2,000m, is anticipated to be completed by the end of March.

Sunset Cove Plans Magnetic and Electromagnetic Surveys at Lac Guéret North and West

Sunset Cove Plans Magnetic and Electromagnetic Surveys at Lac Guéret North and West

Sunset Cove Mining (TSXV:SSM) announced approval from the TSX Venture Exchange for option agreements of three exploration properties in Quebec. With this approval, Sunset Cove is planing a helicopter-borne magnetic and time-domain electromagnetic survey at its Lac Guéret North and West properties graphite properties adjacent to Mason Graphite's Lac Guéret Property. The Company also announced that Marc Blais, co-founder and Director, is stepping down from those two roles and will be replaced by Mr. Mark Billings, MBA and CFA as a member of the Board of Sunset Cove.

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Market News

Apple Looking to Break into Electric Vehicle Market

Benchmark Mineral Intelligence reported that Apple Inc. (NASDAQ:AAPL) is being sued by A123 Systems Inc. (ETR:ALC), a lithium-ion battery producer, for stealing its employees to set up a new battery division.

Syrah Agreement Sparks Supply Crunch Buzz

Syrah Resources Ltd. (ASX:SYR) saw its stock prices jump 13 percent since news broke of an agreement with Chinalco Mining Corp. (HKG:3668) Tuesday. The medium-cap company signed a 3-year contract to supply graphite to the Chinese company, which sent shock-waves through the market and fueled talks of a graphite supply crunch.

Graphite Supply and Demand Fundamentals

In an extensive post on Seeking Alpha, Ben Kramer-Miller discusses the supply and demand fundamentals of the graphite market, outlining a number of points.

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