Blackearth signs Offtake agreement with leading european based graphite processor

BlackEarth Minerals (ASX:BEM)

Highlights

  • BlackEarth has signed an Offtake and Sales agreement (“the Agreement”) with Grafitbergbau Kaisersberg GmbH (“Grafitbergbau”), Austria – a Company with extensive experience in the development of Graphite downstream products

  • Grafitbergbau has been in operation for over 50 years and is recognised within Europe as an industry leader with an extensive supply chain to Tier 1 Companies and the EV sector

  • The Agreement provides for BlackEarth / Metachem to sell, from their proposed Expandable Graphite plant, up to 2,500 tonnes per annum of expandable graphite worth around US$7.5m per annum (note 1) and is to commence as soon as the proposed BlackEarth / Metachem plant development is completed

  • The Agreement is an endorsement of Metachem’s product quality and the proposed BlackEarth / Metachem supply of Expandable Graphite

  • The Agreement has been facilitated by BlackEarth’s Sales and Marketing Partners in Europe, LuxCarbon, and is intended to be the first of a number of planned Offtake and Supply agreements

  • Agreement provides the foundation for the Expandable Plant development and also BlackEarth’s large scale Graphite concentrate plant in Madagascar

  • BlackEarth well positioned for expansion with projected cash position at 30 June 2021 of circa A$6.7m

BlackEarth Managing Director, Tom Revy,

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