ABR to supply Boron specialty advanced materials to Borman

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American Pacific Borates (APB) has entered into a non-binding letter of intent agreement (LOI) with Borman Specialty Materials for the supply of Boron specialty advanced materials.

Under the terms of the agreement, the parties will work towards a binding agreement for the supply of Boric Acid, and other Boron specialties, which will be used to manufacture products with critical applications for future facing global markets including the semiconductor, life sciences, aerospace, military and automotive markets.

ABR CEO, Henri Tausch, said the agreement aligns with the company’s strategy to leverage its unique American Boron asset to become a Boron specialties and advanced materials company.

“We look forward to working with Borman Specialty Materials who have over 80 years operating experience in global markets, on the potential to supply specialty Boron advanced materials that will be produced for critical future facing applications,” Mr Tausch said.

Adertisement

“With partners now engaged for our planned SOP and Borates products, and with increasing favourable market conditions, the Company is fast moving towards initial production of boron specialty advanced materials from its small-scale boron facility in CY2022.”

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