• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login

    Investing News NetworkYour trusted source for investing success

    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Battery Metals Market
    Battery Metals News
    Battery Metals Stocks
    • Battery Metals Market
    • Battery Metals News
    • Battery Metals Stocks
    graphite investing

    Eagle Graphite and Graphene Leaders Canada Announce Letter of Intent for Supply Agreement

    Nataly Cure
    Oct. 31, 2019 06:03AM PST
    Battery Metals

    Graphene Leaders Canada Inc. and Eagle Graphite are pleased to announce the signing of a non-binding Letter of Intent between the companies.

    Graphene Leaders Canada Inc. (“GLC”) and Eagle Graphite (“Eagle”) are pleased to announce the signing of a non-binding Letter of Intent between the companies. The Letter of Intent is the culmination of a series of successful trials of Eagle’s flake graphite for purposes of producing GLC’s highly advanced graphene formulations.

    GLC and Eagle have agreed to immediately commence preparation of a Definitive Supply Agreement, with key aspects reflecting the following objectives:

    • The Supply Agreement will span a term of at least five years;

    • Eagle shall make all reasonable efforts to ensure an uninterrupted supply of graphite of exceptional quality to meet GLC’s stringent requirements;

    • GLC shall purchase graphite exclusively from Eagle, subject to cost and availability of material, for as long as Eagle continues to supply the quantities required meeting GLC specifications;

    • The quantity and quality specifications and cost will be established, and subsequently reviewed on an ongoing basis.

    Eagle and GLC intend to enter into the Definitive Supply Agreement no later than December 1, 2019.

    Eagle Graphite advises that a decision to enter into production would not be based on a feasibility study of minerals reserves demonstrating economic and technical viability. Readers are cautioned that production may not be economically feasible and historically these projects have a much higher risk of economic or technical failure.

    Jamie Deith, President & CEO of Eagle Graphite, added, “We are thrilled to see GLC’s commercial success to date, and delighted to be considered as the exclusive supplier of premium quality graphite to GLC. Graphene-related applications hold the potential to positively impact countless aspects of our daily lives, and we take pride in being able to include graphene among the leading-edge applications for which our graphite is suitable.”

    Donna Mandau, President & CEO for Graphene Leaders Canada said, “As an international leader in graphene production and application solutions, GLC requires the highest quality graphite for use in its production processes. Eagle Graphite is the premier Western Canadian graphite producer and we are excited to partner with them as our supplier of this essential raw material.”

    Upcoming material purchases will be used to support GLC’s numerous coatings projects, including its naval vessel anti-corrosion coating, as well as its GLC+ Protective Coating for Metal Surfaces which is being introduced to the market this fall.

    ABOUT GRAPHENE LEADERS CANADA INC.

    Graphene Leaders Canada (GLC) Inc. is a private Canadian technology company producing high quality, high purity graphene nanomaterials which function as a platform technology with the ability to add value across numerous applications. GLC is focused to work with industry to develop solutions by integrating the graphene to develop new innovative and first-to-market products. GLC is focused in the environment-water and coatings markets. GLC is now commercializing their GLC+ Protective Coating for Metal Surfaces offering a near 60% improvement to wear-abrasion resistance and improving hardness, lubricity and adhesion properties. This disruptive improvement to the coating demonstrates GLC’s material science expertise to develop graphene nanotechnology products and solutions with the focus towards innovation and diversification. GLC’s tag line is “Making Great Products Even Greater”.

    Source

    graphite investingeagle graphitegraphene leaders canada inc.
    The Conversation (0)
    Go Deeper
    AI Powered
    Closeup of graphene molecules.

    Investing in Graphene Companies

    Closeup of electric vehicle charging lithium-ion battery, which requires minerals such as graphite.

    Top 3 Canadian Graphite Stocks

    Latest News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Battery Metals Stocks

    NextSource Materials

     
    NEXT:CA

    Altech Batteries

     
    ATC:AU

    E-Power Resources

     
    EPR:CC

    International Graphite

     
    IG6:AU
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×