BlackEarth Signs MOU With Leading US Graphite Company to Fastrack Downstream Graphite Production
Highlights
An MOU has been signed with Urbix, Inc (“Urbix”) – a US based Company leading the development of EV related graphite products
BlackEarth will fastrack the development of its Madagascan project sites and source other high grade Graphite concentrate to supply Urbix’s downstream processing facility in the USA
Urbix is globally recognised for its graphite purification processes that can develop specialised graphite product for the globally expanding EV market
The BlackEarth Board and Urbix plan to develop an Operational Joint Venture in the future – the proposed JV combines Urbix’s technical excellence with BlackEarth’s substantial market, commercial and graphite operational experience
BlackEarth is in the process of concluding concentrate supply agreements to meet Urbix’s intital demands and the proposed JV’s initial production demands. This includes off take agreements for the supply of downstream products to a range of global buyers
A proposed JV, still in discussion, can position BlackEarth as a globally significant supplier of downstream graphite products and forms part of BlackEarth’s strategy to fast track the development of its Maniry Graphite Project in Madagascar
