Vertically integrated graphite developer Blackearth Minerals has signed an offtake and sales agreement with Austria-based Grafitbergbau Kaisersberg GmbH (Grafitbergbau) – a company with extensive experience in the development of Graphite downstream products.
Founded more than 50 years ago, 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 agreement will see BlackEarth and its Indian-based partner Metachem supply, from their proposed expandable graphite plant, up to 2,500 tonnes per annum of expandable graphite (worth around US$7.5m per annum) as soon as the proposed plant development is completed.
BlackEarth Managing Director, Tom Revy said Grafitbergbau will use product to make specific application and materials for their vast market and client base.
“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 continued.
“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.”
