BlackEarth Signs Graphite Supply & Marketing Agreement with World Leading German Based Graphite Supply Chain Group
Highlights
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An Agreement has been signed with World Leaders in the procurement, supply and marketing of graphite concentrate and downstream graphite products, Luxcarbon GmbH, Germany ("Luxcarbon")
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Luxcarbon is currently one of Germany's major suppliers of Graphite & Carbon products to top tier suppliers of Volkswagen, Mercedes, Ford and to major chemical corporations.
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BlackEarth, as part of its MOU commitment with Urbix Inc, will use this to secure the supply of up to 25,000t of high grade product to assist Urbix in completing their plant development.
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The supply arrangement will continue whilst BlackEarth fast tracks the development of its own high grade, large scale graphite properties in Madagascar, which will then form a regular supply to its proposed downstream graphite operations.
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The Agreement also provides that BlackEarth will sell up to 25,000 mtpa of downstream products from its operations and JV operations into the European market to meet the growing demand for battery EV material.
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Luxcarbon will also provide technical advisory services to BlackEarth on the production of downstream products from the Company's proposed facilities in Australia and / or Madagascar.
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Luxcarbon will work closely with the BlackEarth Executive team to further develop supply chain, logistics and sales channels for their downstream graphite production into the expanding EV and Battery markets.
