Swiss-EMX & Global Li-Ion Prepare to Launch Graphite Token
Vancouver, British Columbia, Canada / TheNewswire / Feb 28, 2019 - Global Li-Ion Graphite Corp. ("Global Li-Ion" or, the "Company") (CSE: LION) is pleased to announce that Swiss EMX has notified LION it will proceed with the launch of its ground-breaking Graphite Token.
The news follows Swiss EMX's agreement to make its good faith payment following the proposed offtake agreement to supply Graphite from the Ambato-Arana graphite project in Madagascar
Swiss EMX plans to launch pre-sales of its Commodity backed Graphite Token in the coming weeks.
Bernino Lind of Swiss EMX comments "In 2017 both the United States President and European Commission deemed Graphite, Lithium and Cobalt amongst others as strategic resources critical for national security - when we saw that these e-minerals are not accessible for retail investors and for the most part do not trade on a transparent spot price it was evident that a new transparent mechanism was needed to quote, trade and deliver the energy Metals."
The rise of electric vehicles and alternative energy is expected to spark a renaissance in the energy storage sector. This will greatly increase the demand for essential e-minerals underlining the importance of increased liquidity in an essential market.
Swiss EMX plans to solve this looming liquidity crisis before it begins. It will utilize cutting edge blockchain technology to facilitate the trading of e-metals using smart contracts. These contracts allow for faster and cheaper settlement between the buyer and seller and will ultimately be used to streamline the physical delivery of the underlying commodity between producers and consumers.
Swiss-eMX.com is pioneering the tokenization of energy metals using a three-stage approach. First, by offering commodity backed tokens followed by secondary trading of the tokens on regulated exchanges, this will allow for speculation and liquidity in otherwise illiquid commodities and finally the token will facilitate the delivery of the physical underlying commodity via smart contracts using cutting edge blockchain technology.
Ambato-Arana Graphite Mine, Madagascar
The Company continues to make very significant progress in its understanding and knowledge of the past producing Ambato-Arana Graphite Project in Madagascar. The Company completed the purchase and transfer of a 100% interest in the Ambato Project and is focused on working with Pascal Marchand M.Sc. P. Geol to complete the updated environmental study and prepare the detailed license development plan which is needed to put the project back into economic production.
The Company has acquired and verified a substantial amount of historical data including recently recovered historic data on over 400 auger drill holes on the project that indicates the presence of substantial graphite mineralization, which will be instrumental in the implementation of the upcoming confirmation work program and mine plan completion.
Pascal is a Franco-Canadian geologist based in Madagascar with over 25 year's highly relevant experience including the exploration and appraisal of mineralisation of graphite. He is a member of the Ordre des Geologues du Quebec. Mr. Marchand holds degrees in geology including MSc's from Laval University and from the University of Nancy and a BSc from the University of Besancon. He has worked throughout Madagascar and, in addition to geological expertise, is fully conversant with Malagasy mining law, and environmental and social regulations.
Further information about Global Li-Ion is available under its profile on the SEDAR website, www.sedar.com, on the CSE website, www.thecse.com, and the Company's website, www.globalli-iongraphite.com.
For Further information about the Company, please contact:
Director & Officer
Neither the Canadian Securities Exchange nor its regulation services provider have reviewed or accept responsibility for the adequacy or accuracy of this press release.
This press release contains forward-looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "project", "intend", "believe" and similar expressions are intended to identify forward-looking statements. Forward looking statements in this release may include, without limitation, the decision of Company and Swiss EMX to sign a definitive offtake agreement, project economics, permitting, the development timeline, the Company's objective to produce graphite. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct.
Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Such factors include, among other things, the interpretation and actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of graphite; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; labor disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of exploration, as well as those factors disclosed in the Company's publicly filed documents. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to a number of factors and risks discussed in the Company's Management's Discussion and Analysis under the Company's profile on www.sedar.com. While the Company may elect to, it does not undertake to update this information at any particular time.
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