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,
