Energizer Resources Gives Update on Off-Take Discussions, Project Funding

Energizer Resources Inc. (TSX:EGZ,OTCQX:ENZR,WKN:A1CXW3) has stationed senior members of its management team in Asia for an extended period. The management team will further off-take and project investment discussions with a number of the world’s largest flake graphite buyers.

As quoted in the press release:

This initiative follows from the recent signings of multiple Confidentiality Agreements (“CA’s”), which were a catalyst for the delivery of bulk-sized samples of graphite concentrate from the Company’s pilot plant for end-user’s independent analysis and validation. The independent analysis and validation process undertaken by potential buyers and end-users is an integral part of the process of securing binding, long-term off-take contracts and project investment. All analyses completed to date by the evaluating companies were very positive, confirming carbon purity levels of up to 97.7%, excellent thermal expansion for foil applications and no detectable contaminants for battery applications. This has resulted in the advanced round of discussions that Energizer is currently undertaking in Asia.

Energizer CEO, Richard Schler, said:

We are very pleased with the positive feedback that we have received regarding our pilot plant samples by potential customers and the confirmation that our graphite is of superior quality based upon their independent analyses. The samples analyzed were of substantial size and were an accurate representation of the graphite that would be produced from our future mine. We are now well positioned to advance discussions for binding off-take and project funding agreements.

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