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Mason makes decisive graphite move

The road to construction for TSX-V-listed Mason Graphite and its Lac Guéret project in Quebec, Canada, has begun with the company announcing it has secured at least C$25 million of cash (US$19.3 million) to start development.

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Graphite mineralisation seen outcropping at Lac Guéret in Quebec, Canada

A fully-underwritten deal, which would see the C$104 million capitalised company issue almost 23 million shares at a price of C$1.10 apiece, has proven to be the catalyst.