Flinders Signs LOI with ThyssenKrupp Metallurgical Products

Flinders Resources Ltd. (TSXV:FDR) announced that it has signed a letter of intent (LOI) with ThyssenKrupp Metallurgical Products GmbH, whose parent company is ThyssenKrupp AG (ETR:TKA).

As quoted in the press release:

This LOI is for up to 20,000 – 50,000 tonnes of Woxna flake graphite, in a defined exclusive territory, over the next 10 years with options to increase this as required in the future. The flake graphite specification is in line with Woxna graphite products and will allow the increase of production rates to meet this and future demand.

The strategic 10 year agreement calls for the supply of 2,000 to 5,000 tonnes of Woxna flake graphite concentrate per annum. The products will be fine, medium and large flake graphite concentrate.

Blair Way, president and CEO of Flinders, commented:

I am very pleased to announce this first significant agreement as it is the result of our marketing efforts over the past year and is a major step in growing our business. As a prominent producer in Europe, Flinders is well positioned in the graphite sector, with the ability to fill consumer needs and provide a sustainable European alternative to Chinese supply.

Click here to read the full Flinders Resources Ltd. (TSXV:FDR) press release.