USA Graphite (OTC:USGT) Sparks Interest In The Electric Vehicle Marketplace

Shares of USA Graphite (OTC:USGT) have been trending higher ever since the company issued an 8-K related to the appointment of Wayne Y. Yamamoto on November 13, 2012. Yamato was the former President of Call/Recall and the Chief Technology Officer of W&W and has also served on the board of directors for a number of startups including Arbor Software, Photonic Storage Systems and ResTech.

Ever since the company issued a news release about the appointment of Mr. Mamamoto there has been an increasing number of company news, independent articles and mentions on twitter. For instance, yesterday Josh Hutheson published an entry on The Motley Fool Blog Network section of TheFool.com titled: “Tesla Motors In Rally mode As EV Buzz Grows” that highlights USA Graphite (OTC: USGT) and how the company believes that its property “could host a multi-million ton graphite mine. The article concludes that Tesla Motors will benefit from the rapid industry drivers in the graphite marketplace including graphene.

A separate article on Seeking Alpha written by Hutheson expands on the market for grapheme, a material found within graphite. According to a profile in The Economist, grapheme has been proven to be 40 times stronger than steel with an electrical conductivity 1,000 times better than silicon’s. The article goes on to say that the price of graphite has steadily risen mostly because of demand from China.

Several days later the company announced the acquisition of a 100% stake located in the Pershing County, Nevada area. The Blue Wing Mountain Graphite Property is comprised of approximately 1985 acres. The acquisition will cost the company $3,000,000 in a combination of cash and stock as well as a 2% net smelter return. “We are pleased with our initial acquisition in the graphite space,” stated President and CEO Wayne Y. Yamamoto.

These material events have resulted in an increasing amount of trading volume. Prior to November 12, 2012, shares of USA Graphite stock had not traded a single share. Since then, over 250,000 shares have traded with an increase in price per share from $0.40 to $0.48. With the demand for graphite and grapheme increasing steadily as new uses are found this trend in USA Graphite (OTC: USGT)’s stock may continue of the company continues to execute the business plan.

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Published by Brendan Byrne

While studying economics, Brendan found himself comfortably falling down the rabbit hole of restaurant work, ultimately opening a consulting business and working as a private wine buyer. On a whim, he moved to China, and in his first week following a triumphant pub quiz victory, he found himself bleeding on the floor based on his arrogance. The same man who put him there offered him a job lecturing for the University of Wales in various sister universities throughout the Middle Kingdom. While primarily lecturing in descriptive and comparative statistics, Brendan simultaneously earned an Msc in Banking and International Finance from the University of Wales-Bangor. He's presently doing something he hates, respecting French people. Well, two, his wife and her mother in the lovely town of Antigua, Guatemala. You may contact Brendan via his email (brendanbyrne@wallstreetpr.com) or his Google+ page (https://plus.google.com/u/0/116608759701551457422).