TORONTO, ONTARIO--(Marketwired - June 9, 2015) - Great Lakes Graphite Inc. ("GLK" or the "Company") (TSX VENTURE:GLK) (OTC PINK:GLKIF) (FRANKFURT:8GL) announces today that Mike Coscia has been appointed Senior Vice President of Sales and President of Great Lakes Graphite's Innovations ("GLK Innovations" or "GLKI") operating division.
Mike has over 30 years' experience in the chemicals and minerals industries. He brings extensive experience in sales, marketing, technology and product development to his work at Great Lakes Graphite. Prior to coming on board, Mike held the position of Senior Vice President of Sales and Marketing for Ontario Graphite, Sales Director at SGL Carbon, Senior Account Manager for Cabot Corporation and Vice President of Sales for Bayer Chemical.
Mike has extensive knowledge of the graphite industry and his primary responsibility will be to introduce GLK Innovations and graphite products to the marketplace. His background in chemical engineering and material science provides him the ability to work closely with customers on technical issues relating to their graphite requirements.
Mike holds BS and MS degrees in Chemical Engineering from Northeastern University.
Customer Relationships are Critical to Industrial Minerals Sales
Great Lakes Graphite CEO Paul Gorman said, "Industrial minerals are in many ways a relationship sale, unlike most commodities. Most graphite is sold through offtake agreements. Those customers are seeking covenant of supply through access to highly reliable sources of quality products that meet their particular requirements. Mike has earned a stellar reputation through many years as an accomplished sales professional in graphite and other industrial and specialty minerals markets. The markets into which we are selling demand a player with a proven sales ability and, just as importantly, a deep technical background. Mike Coscia has those bases well covered. We now have all the capabilities in place that will enable our team to take the Company to the next level."
About Great Lakes Graphite: Great Lakes Graphite Inc. is an industrial minerals company focussed on bringing carbon products to a well defined market through a vertically integrated supply chain.
As there is currently no significant graphite production in North America, Great Lakes Graphite has the ability to become one of the first domestic suppliers to a growing regional customer base that requires high quality natural graphite, where pricing and demand continue to rise.
The Company, through strategic acquisitions and capable management intends to become a leader in the industrial minerals marketplace.
The Company through its Innovations Division is currently recommissioning an Ontario based Micronization Facility for re-start in late 2015 to achieve the following objectives:
- Establish a position in the upgraded graphite products market with North American customers.
- Create a competitive and disruptive advantage by leveraging existing assets.
- Pursue an accelerated timeline to cash flow and revenue by micronizing and upgrading flake graphite, enabled by supply agreements with current graphite producers.
The Lochaber Graphite Deposit is located just 30km east of Ottawa, in southwestern Québec. The Company has also entered into option and joint venture agreements with Eloro Resources Inc. on the Summit-Gaber Cobalt property located in the La Grande Greenstone Belt in the Baie James region of Québec. Further information regarding Great Lakes can be found on the Company's website at: www.GreatLakesGraphite.com.
Great Lakes Graphite trades with symbol GLK on the TSX Venture Exchange and currently has 95,304,075 shares outstanding (139,012,966 fully diluted).
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Chief Marketing Officer
Great Lakes Graphite Inc.
Chief Executive Officer