Executive Chairman, Trevor Benson commented;
“Since engaging with a number of potential offtake partners, we are seeing an
increased level of confidence in our product and a growing interest in our
ability to deliver a stable supply of quality, large flake graphite. This is
evidenced in the recent signing of binding offtake term sheets.
This binding offtake term sheet with Qingdao Risingdawn together with the
recently announced Inner Mongolia Qianxin Graphite term sheet substantially
reduces the demand-side risk of the Project and is very important for our
ongoing funding discussions”.
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