5 Canadian Graphite Penny Stocks To Watch

    Growing demand for graphite in the battery, steel and automotive industry has the potential to lift the Canadian graphite penny stocks on our list

    SmallCapPower | August 3, 2016: The use of graphite in batteries has skyrocketed over the past decade, making it the second largest component, in terms of weight, in Lithium-ion batteries. According to Persistence Market Research, 10% of the market share is located in North America, meaning the five Canadian graphite penny stocks on our list could benefit from this trend.

    Berkwood Resources Ltd. (TSXV:BKR) – $0.35
    Specialty Mining & Metals

    Berkwood Resources Ltd is a Canada-based company focused on the exploration and development of battery metals and related minerals. The Company’s flagship Lac Gueret Extensions Graphite Project comprises ~19,000 hectares in Côte Nord, Quebec. On October 17, the Company announced the completion of its Phase 1 drill program at Lac Gueret, where graphite was intersected at all 13 holes drilled. Additionally, on October 13, the Company announced the acquisition of the Roscoe Vanadium Property, which is also located in the Cote Nord area in Quebec and comprises ~2,200 hectares.

    • Market Cap: $8 Million
    • Debt (Last Quarter): 0.00
    • Cash and Short-Term Investments (Last Quarter): $0.86 Million
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    Read: Berkwood Resources (TSXV:BKR) Discovers “New Black Gold” in Quebec

    SciVacMason Graphite Inc. (CVE:LLG) – $1.04
    Specialty Mining & Metals

    Mason Graphite Inc. is a Canada-based mining company focused on the exploration and development of its 100% owned Lac Gueret graphite project in northeastern Quebec. The Company’s 100% owned Lac Gueret graphite property is located in northeastern Quebec near the main service center of Baie-Comeau and hosts a National Instrument 43-101 compliant Mineral Resource issued in December 2013 featuring 50,024,000 tons grading 15.6% Cg (carbon as graphite), including 6,672,000 tons at 32.4% Cg, in the Measured and Indicated categories and 11,861,000 tons at 17.1% Cg, including 2,637,000 tons at 30.5% Cg, in the Inferred category.

    • Market Cap: 89,729,866
    • Operating Income: -2,042,430
    • Debt: 9,337,440
    • Cash: 2,111,940

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    SciVacFlinders Resources Ltd (CVE:FDR) – $0.57
    Specialty Mining & Metals

    Flinders Resources Limited is a Canada-based resource company that is engaged in the operation of its Woxna Graphite Mine located in central Sweden. The Woxna Project comprises four exploitation (mining) concessions located in the town of Edsbyn, northwest of the city of Gavle in Central Sweden. The Woxna Project’s flagship property is the Kringelgruvan concession. The Company’s mineral leases have total measured and indicated mineral resources of approximately 7.7 metric tons.

    • Market Cap: 27,909,512
    • Operating Income: -2,356,050
    • Debt: 0
    • Cash: 2,203,250

    SciVacCanada Carbon Inc. (CVE:CCB) – $0.28
    Diversified Mining

    Canada Carbon Inc. is a Canada-based mining company. Its principal business is the acquisition, exploration and evaluation of mineral properties. The Company owns interest in approximately three graphite properties located in Quebec, including two past producing graphite mines, the Miller and the Asbury.

    • Market Cap: 215,285,203.21
    • Operating Income: -815,580
    • Debt: 0
    • Cash: 624,860

     

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    SciVacElcora Advanced Materials Corp (CVE:ERA) – $0.37
    Electrical Components & Equipment

    Elcora Advanced Materials Corp, formerly Elcora Resources Corp., is an exploration-stage company, which mines, processes, refines graphite and produces both the graphene and end graphene applications. It is engaged in the acquisition and exploration for minerals, primarily graphite. The Company’s graphene production facility is in the Canadian city of Halifax, Nova Scotia to supply premium quality graphene. It intends to become a carbon trader, which mines, processes, refines and produces graphite, graphene and commercial products of the two. The Company has secured, through its joint venture with Sakura Graphite (Pvt) Ltd., the premier graphite mine in Sri Lanka, the Ragedara mine.

    • Market Cap: 114,570,744.63
    • Operating Income: -2,533,180
    • Debt: 0
    • Cash: 149,480

    SciVacEnergizer Resources Inc. (TSE:EGZ) – $0.075
    Diversified Mining

    Energizer Resources Inc. is a Canada-based mineral exploration and mine development company. The Company’s principal asset is the Molo Graphite Project. The Company also holds interests in the Green Giant Property in Madagascar and the Sagar Property in Quebec, Canada.

    • Market Cap: 26,293,018
    • Operating Income: -3,143,428
    • Debt: 150,196
    • Cash: 319,313

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