Big North Graphite (V.NRT) climbs 16% on expert director appointment

Gaalen Engen Gaalen Engen,
0 Comments| December 31, 2013

Big North Graphite (TSX-V:NRT, StockForum), a Vancouver-based exploration-stage company engaged in the exploration and development of mineral properties with operations in Canada and Mexico, announced today the appointment of a new expert board director, Cesar J. Guajardo.


After acquiring Grafito de Mexico from MAG Exploration Services, Big North assumed ownership of the El Tejon flake graphite mine and mill, a historic property built in 1980. When a second line was introduced at the mill in 1989, capacity ramped up to approximately 4400 tonnes per year until the project was shuttered in 2002 due to volatile market prices.


According to the news release, Guajardo, a forty-year industry veteran, was the owner and chairman of Grafito. His industrial engineering degree, earned from Universidad de Nuevo Leon, eighteen years in the graphite industry and twenty-two years with Praxair Mexico, ten of those as managing director, are expected to assist Big North in achieving near and long-term corporate and operational objectives.


Spiro Kletas, Big North President, commented, “We are pleased to have Mr. Guajardo join the Board of Directors of Big North Graphite Corp.”


Kletas explained, “Mr. Guajardo has significant experience in all aspects of the graphite business, having managed the El Tejon mine itself, as well as being responsible for all graphite sales and operations. As Chairman and Managing Director of the El Tejon mine, Mr. Guajardo sold his mine's product internationally.”


He then concluded, “Mr. Guajardo brings a wealth of expertise and worldwide contacts in the graphite market to Big North.”


Big North was in the news recently when Spiros Kletas was interviewed on The Red Chip Money Report.


Shares gained 16.67% on the news to $0.07 per share.


Currently there are 52.9m shares outstanding with a market cap of $3.7 million.


FULL DISCLOSURE: Big North Graphite is a Stockhouse Publishing client, but has not paid for this article.

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