Foy-Johnston is targeting the Graphite Rich regions of British Columbia
Las Vegas, NV, June 28, 2013 – (eTeligis via Accesswire) – Foy-Johnston (FOYJ), is pleased to announce that it has started to investigate possible graphite deposit in The Valhalla Park region of British Columbia, Canada and the possibility of staking claims that are graphite rich deposits in that region.
It is a well-known fact that very few companies have targeted this area of Canada as an area that is possibly rich in Graphite. The only raw material for "Graphene."
Graphite, but more specifically GRAPHENE, which is made from graphite is fast becoming the strategic resource of the 21st century.
Even the conservative Wall Street Journal calls the discovery of graphene "an impending turning point in high tech as silicon and integrated circuitry were a half century ago."
The graphene wafer - Carries electricity 100 times faster than silicon, conducts heat better than ANY substance known to man, including its carbon cousin the diamond and is as transparent as glass ... 200 times stronger than steel ... yet pliable enough to stretch 20% without breaking.
Columbia University professors report "It would take an elephant, balanced on a pencil, to break through a sheet of graphene the thickness of Saran Wrap."
These twin revolutions have already sent the raw price of high purity graphite through the roof. We expect high purity (94-97%) large flake (80+ microns) graphite to double or triple in value over the next 12-24 months due to its enormous strategic value to both the Western world and China/ India and the rarity of Western based high purity/large flake reserves relative to low/mid quality graphite and Chinese demand for "nuclear grade" carbon graphite for its rapidly expanding nuclear power plant development and finally rapid expansion of lithium-ion battery production and graphene applicationsall derived from high purity large flake graphite.
High grade/purity "flake" graphite is without question one of the key resources of the 21st century. It is "the next big thing" in strategic natural materials.
Billions of smart phones and millions of electric vehicles will use hundreds of millions of lithium batteries, which will require tens of millions of tons of rare high grade graphite.
"We are constantly looking for opportunities that will enable the company to achieve rapid and sustained growth and profitability. Moving into the area of Graphene makes perfect sense as it presents a very sustainable long-term exploration and development and potential increase in shareholder value," stated Brian Gallant, Vice-President of Foy-Johnston Inc.
About Foy-Johnston Inc.
Foy-Johnston through its wholly owned subsidiary Cameroon Mines is involved in enhancing exploration and mining assets through diligent application of technical and commercial expertise for the benefit of all stakeholders of Foy-Johnston in an efficient and environmentally responsible manner. Cameroon Mines is a mining explorer and producer committed to developing strategic mining exploration and project opportunities in Gold, Precious gems, Rare Earth Metals and Platinum Group Metals. The Company has assembled an experienced group of individuals with broad local and international industry knowledge. Where it will assist to build shareholder value and help fast-track the development of its accumulated assets Cameroon Mines will also secure the participation and support of key strategic partners globally, who can provide tangible benefits towards achieving the Company's goals. The company has already acquired a portfolio of Gold and Diamond exploration tenements in key mineral regions of Cameroon and Central African Republic. Our website is www.cammines.com
Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.
SOURCE: Foy-Johnston, Inc.
- Commodity Markets
- Company Earnings