The company has sent a 5kg sample from the ‘Uncle Zone’ on its property to the laboratory and test center for analysis.

Caribou King director and CEO Michael England said: "We are excited to have been contacted by one of the top European based full service analytical firms that has offered to provide testing and analysis of our high-grade graphite using state-of-the-art analytical methods as well as the potential for offtake agreements and strategic partnership introductions.

"Initial sampling at Buckingham has returned some of the highest assay results reported in Quebec to date and further exploration is now underway to continue to define the graphite rich Uncle Zone."

Caribou said that the partnership will provide access to fully equipped technical center, analytical facilities, to evaluate and process technical samples.

The company will also gain exposure to full project value chain, which will facilitate exploration through quality evaluation and customized process design to market introduction and testing for end user approval.