Focus Graphite States Terms of Offtake Agreement: A Minimum of 200,000 tonnes Over 10 years

Focus Graphite Inc. (TSXV:FMS,OTCQX:FCSMF,FWB:FKC) announced the terms of the offtake agreement with a Chinese industrial conglomerate. The Agreement binds the parties to a minimum purchase of 20,000 tonnes per year of future production from Focus Graphite’s Lac Knife graphite property.

As quoted in the press release:

“We are pleased to update our initial offtake announcement on December 19, 2013 which stipulated a supply ceiling of 40,000 tonnes per year of large, medium and fine flake graphite and value added graphite also holds a minimum purchase floor of 20,000 tpa over the life of the agreement,” Mr. Baxter said.

“This update is, in part, prompted by questions posed to us by other potential strategic offtake buyers concerned with the availability or possible lack thereof of future long-term supplies of Lac Knife concentrates,” Mr. Baxter added.

Click here to read the Focus Graphite Inc. (TSXV:FMS,OTCQX:FCSMF,FWB:FKC) press release
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