Reaches Sales Deal With Leading European Group
BlackEarth Minerals (ASX:BEM) has signed an Offtake and Sales agreement with leading graphite developer and downstream product specialist Grafitbergbau Kaisersberg GmbH of Austria.
The Agreement provides for BlackEarth to sell from a proposed Expandable Graphite plant, up to 2,500 tonnes per annum of expandable graphite worth around US$7.5m per annum.
The deal will commence as soon as the proposed plant development is completed.
BlackEarth Managing Director, Tom Revy, said The Agreement has been facilitated by the company’s Sales and Marketing Partners in Europe, LuxCarbon, and is intended to be the first of a number of planned Offtake and Supply agreements
“This Agreement provides an enormous boost to our planned JV with Metachem and the development of our plant in the leading graphite processing location of India,” Mr Revy said.
By making this commitment to buy our product in the future, Grafitbergbau has shown enormous confidence in BlackEarth/ Metachem and not only is this an endorsement of the Expandable Graphite produced by Metachem and what is proposed, the Agreement also ensures we now have commitments in advance for our future production in India.
“The Agreement also assists to underpin our proposed plant development in Madagascar, as concentrate from this development will be provided to our downstream operations with Metachem as soon as this is available.
“Our partners in Germany, LuxCarbon, have been instrumental in creating this Offtake opportunity for us and we’re excited to be dealing with Grafitbergbau, a company that is one of the largest buyers and developers of Expandable Graphite products in Europe.”
About Grafitbergbau
Over the last 50 years, Grafitbergbau has developed into a globally active, customer and solution- oriented graphite company.
The company has focused on the development of new applications over the past 30 years in cooperation with customers, universities and international research institutions. As a result of this, Grafitbergbau has created high-quality graphite downstream and niche products for the national and international markets and has become a leading supplier to Tier 1 companies in Europe and Internationally.
Grafitbergbau uses its developed and enhanced products for fire resistant applications, radiation controls and a variety of other downstream uses and implementation in to the EV and alternative energy markets.
The company has an extensive share of the supply of Expandable Graphite in to the growing European market and will use product acquired from BlackEarth/ Metachem to make specific application and materials for their vast market and client base.
For further information please visit: https://www.blackearthminerals.com.au
