Alabama Graphite (CSPG)

Business description

Alabama Graphite is positioning itself as a major sourced-and-made-in-US natural flake battery graphite producer for the LiB supply chain. The company will not sell any traditional graphite concentrate, which is the core business model for all other graphite development companies presently.

Stock data

Market cap.C$11.6m
Last closeC$0.08
High / Low (52 weeks)C$0.2 / C$0.1
Stock market listingCN
Forecast net cash (C$m)0
Forecast gearing ratio (%)N/A
TeamResources - Mining

Price performance

Relative *(6.8)(56.9)(54.2)

* % Relative to local index

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Company news

Westwater Resources, Inc. to Acquire Alabama Graphite Corp.

Wed, 13 Dec 2017 21:56:15 GMT

Alabama Graphite Provides Corporate Update

Mon, 16 Oct 2017 18:45:00 GMT

Alabama Graphite Corp.

Wed, 04 Jan 2017 03:47:35 GMT

BRIEF-Westwater Resources To Acquire Alabama Graphite Corp

Wed, 13 Dec 2017 22:18:51 GMT

Alabama Graphite Announces Letter of Intent (LOI) to Supply Battery-Ready ...

Tue, 10 Oct 2017 13:18:45 GMT

Y/E Aug Revenue (C$m) EBITDA (C$m) PBT (C$m) EPS (c) P/E (x) P/CF (x)
2015A 0.0 N/A (2.2) (2.3) N/A N/A
2016A 0.0 N/A (1.7) (1.5) N/A N/A
2017E 0.0 N/A (3.3) (2.2) N/A N/A
2018E 0.0 N/A (1.9) (0.6) N/A N/A

Last updated on 08/12/2017

Investment summary

Without doubt, Alabama Graphite’s Coosa ‘made and sourced in the USA’ battery-ready graphite is getting the attention it deserves. CSPG’s current focus is on securing commercial off-take agreements using its large stockpile of battery-ready graphite for end-user verification studies. As such, and in our view, it is one of the lowest risk (technical and in terms of location and management), battery-focused graphite projects currently being developed. Sentiment is key to a successful development of Coosa, and recent positive test results have resulted in an LOI with a lead-acid battery developer as well as 31 NDAs being distributed to end-users, including US department of defence bodies.

Last updated on 13/12/2017

Industry outlook

It is worth noting that Alabama Graphite’s understanding of graphite processing, including the upgrading of graphite concentrates to battery-ready, CSPG-type graphite is far beyond the vast majority of its peers. Furthermore, Coosa is the only graphite project in the contiguous US that is capable of generating this battery-applicable graphite type, which will be key to the supply chain of any electric vehicle company, especially as environmental concerns over Chinese producers is now starting to weigh in on supply and prices.

Last updated on 13/12/2017

Key management

Donald Baxter, CEO
Douglas Bolton, CFO
Tyler (Ty) Dinwoodie, Founder

Company address

First Canadian Place
100 King Street West, Suite 5700, Toronto, Ontario
M5X 1C7
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