CKR Carbon Corporation announced that it has earned a majority interest in Exclusive Prospecting License 3895 that covers the Aukam graphite deposit. Under the terms of a Farm Out agreement between CKR and Next Graphite Inc. (Next) signed on September 12, 2016, CKR will earn a direct 63% interest in the License and the Project upon completion of (i) investing $1.1 million in cash; or (ii) the completion of the plant and infrastructure set up; and (iii) government authorization to begin commercial operations. CKR must also make quarterly payments for a total of $180,000 during the Farm-Out period which began June 8, 2015 and ends when CKR has earned its 63% ownership as outlined above. CKR also has the option to buy 10% of Next's remaining interest in the License for a cash payment of $180,000, subject to agreement by Next. To date, CKR has invested over $900,000 on exploration and development of the Aukam deposit and made cash payments totaling $133,140 to Next, and as such, has earned a 51.8% interest in the License thus far.