Canada Carbon Signs $13.75 Million Contract for Architectural Marble from Miller Project

Canada Carbon Inc. (TSXV:CCB) announced it has signed a comprehensive agreement to sell 75,000 tonnes of architectural-quality marble material from its flagship Miller high purity Graphite Project.
As quoted in the press release:

This agreement was signed subsequent to an independent market assessment of architectural blocks and slabs of the Miller marble, which is the host rock to the Miller hydrothermal lump-vein graphite. The agreed base valuation for marble blocks or slabs is $14 per cubic foot, which is approximately $184 per tonne. There are additional provisions for price increases above this base case, as well as royalties to be paid on the sale of all value-added marble products. The term of the contract is to run for one year from the date of the acquisition of the required environmental approvals and an extraction permit to quarry the material, and is renewable.
The Company will apply for a quarry permit as soon as practicable for the extraction of architectural–quality marble dimensional stone and aggregate. The Company continues to advance towards the completion of Resource Estimates for both graphite and marble, as well as a Preliminary Economic Assessment for the Miller Project.
 

Marble Blocks Being Extracted for Assessment as Architectural Products

Field Transporation of Sample Marble to Testing Facilities – Oct 22, 2015

Canada Carbon Executive Chairman and Chief Executive Officer Mr. R. Bruce Duncan stated:

This initial contract for marble, a secondary material, is a meaningful step forward in the development of the flagship Miller high purity Graphite Project, and both validates and accelerates our business plan.

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