Canada Carbon Inc. Secures Permits for Third Drilling Campaign at Asbury Graphite Property
Montreal, Quebec, Canada — July 8, 2025 — In a significant development for the graphite exploration sector, Canada Carbon Inc. (TSX-V: CCB) has announced the receipt of all necessary permits from the Quebec government to initiate its third drilling campaign at the Asbury Graphite Property. This strategic move underscores the company’s commitment to advancing its exploration activities in one of Canada’s promising graphite regions.
The Asbury Graphite Property, situated near the municipality of Notre-Dame-du-Laus, Quebec, has been the focal point of Canada Carbon’s exploration efforts. The company plans to execute a comprehensive drilling campaign, targeting up to 5,200 meters of core across the entire 5-kilometer mineralization trend of the property. This ambitious campaign is set to build on the extensive groundwork laid by previous drilling efforts in 2022 and 2023, which collectively amassed over 10,000 meters of core samples.
The primary objective of this latest drilling initiative is to further de-risk the Asbury property by enhancing the geological understanding of the site. The data garnered from this campaign will be pivotal in refining the company’s resource estimates and advancing its exploration strategy. As Canada Carbon continues to navigate the competitive landscape of the Metals & Mining industry, the insights derived from this campaign are expected to play a crucial role in shaping the company’s future trajectory.
Despite the company’s current financial metrics, such as a market capitalization of CAD 2,420,000 and a negative price-to-earnings ratio of -1.68, the strategic focus on graphite exploration positions Canada Carbon at the forefront of the burgeoning demand for this critical mineral. Graphite’s essential role in battery production and other advanced technologies underscores the potential for significant growth in this sector.
As Canada Carbon Inc. progresses with its drilling campaign, stakeholders and industry observers will be keenly watching the outcomes of this endeavor. The successful execution of this campaign could mark a pivotal moment for the company, potentially unlocking new opportunities and reinforcing its position within the graphite exploration landscape.
For more information on Canada Carbon Inc. and its ongoing projects, interested parties are encouraged to visit the company’s website at www.canadacarbon.com or follow its activities on the TSX Venture Exchange.