Focus Graphite Inc. (TSXV:FMS,OTCQX:FCSMF,FWB:FKC) signed an offtake agreement with an industrial conglomerate in China on December 19, 2013, for the future production from Lac Knife’s graphite resource.
As quoted in the press release:
The 10-year agreement calls for the supply of up to 40,000 tpy of large, medium and fine flake graphite concentrate and value added graphite products from Focus Graphite’s proposed Lac Knife, Quebec mining and processing facility.
“On behalf of Focus Graphite we are extremely pleased to have completed our first offtake agreement. This agreement holds the potential for Lac Knife’s future development,” said Don Baxter, Focus Graphite’s President and Chief Operating Officer.
“Not only is this offtake agreement the first of its kind in the graphite industry, it is significant in the fact that it encompasses the wide spectrum of Lac Knife’s offerings in pioneering the sale of small flake to extra large flake and value added technology products,” Mr. Baxter said.