With the authorization, the company can extract up to 480 tons of material for mineralogical testing as well as for distribution to potential purchasers.

The sample will be collected between 15 March and 15 September 2014 while the results of the treatment will be reported to the Ministry by 15 September 2015.

Canada Carbon executive chairman and CEO Bruce Duncan said that that the company had been authorized by the Quebec Ministry of Natural Resources to move forward with pilot plant scale testing of this uniquely high-purity graphite deposit.

"With this bulk sample permit, and surface exposure of the veins, we can remove the graphitic material using simple excavating equipment," Duncan added.

"Once our graphitic material is custom milled it can be sold, with any excess returns over cost being applied to fund further exploration and resource definition activities."

Currently, the Company and industry-leading graphite processors are in talks with respect to toll milling of the bulk sample material and are expected to ship 150-250 tons of high-purity graphite concentrate in the second quarter of 2014.