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URBIX RESOURCES ANNOUNCES STRATEGIC RELATIONSHIP WITH SOUTH STAR MINING FOR ADVANCED TESTING AND FUTURE PROJECTS
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Urbix Resources, one of the premier providers of refined graphite powders, pristine graphene, and specialty graphite products in the world, has entered into an agreement with Vancouver, Canada-based South Star Mining for advanced testing, optimization development and commercialization of graphite concentrates from South Star’s Santa Cruz mine in Brazil.
Phase one of the agreement outlines extensive testing that will take place at Urbix’s state-of-the-art laboratory in Mesa, Arizona. Future phases outlined in the agreement include detailed characterization, purification and expandability steps on four different flake-size concentrates and will incorporate Urbix’s advanced purification and exfoliation technologies.
“We are excited about moving forward on one of our key strategic objectives in association with a leading graphite technology company like Urbix,” said South Star CEO Eric Allison. “The information provided will greatly assist South Star in its marketing efforts as well as in the ultimate design of our processing facilities in Brazil. We are firm believers in the future of graphite, not only in its traditional markets, but in many new advanced applications. Urbix is at the forefront of this technological development.”
Upon completion of the initial round of testing, the companies have agreed to work toward formalizing potential commercial relationships. These include offtakes, processing, technology sharing and product distribution. Total estimated value of the test program is over $300,000 USD.
“We are thrilled to be advancing with South Star’s world-class management team and the very high quality flake graphite produced at their Santa Cruz project,” says Urbix CMO Adam Small. “We feel the combination of our cutting edge refining techniques and their strategically placed resource will culminate to one of the top flake graphite supply chains in the world.”
The agreement comes just months after Urbix announced they are developing what will be a record-breaking clean technology graphite purification plant that will go into production in 2019.
“We are anticipating that our relationship with South Star will be a long and productive one,” says Urbix Vice-Chairman Anthony J. Parkinson. “Our mutual enterprises and areas of expertise will be well used by both sides.”
The agreement comes just as South Star has announced that, in addition to its position on Canada’s TSVX, where it trades as “STS,” it has been listed for trading on the OTCQB Market exchange in the United States under the symbol “STSBF” and has been granted Depository Trust Company Eligibility.
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