Great Lakes to Buy Graphite from DNI Metals

Great Lakes Graphite Inc. (TSXV:GLG) announced that it has entered into a five-year agreement under which DNI Metals Inc. (TSXV:DNI) will supply it with natural flake graphite concentrate. The material will be sent to Great Lakes’ Matheson Micronization Facility where it will be turned into micronized flake graphite.

Paul Gorman, CEO of Great Lakes, commented:

Covenant of long-term supply is a critical prerequisite for initiating commercial operations later this year. With the supply agreement in place and work underway on the Matheson facility, GLK will now intensify its focus on product sales and ramp up activities involved in customer sampling and negotiation for off-take agreements.

DNI CEO Dani Weir said:

We are excited to launch a new chapter for DNI Metals with the announcement of this supply agreement with Great Lakes Graphite. This agreement was able to come together quickly because our experience and capabilities in different regions. A great deal of time has been invested in building relationships with Industrial Mineral Companies. We look forward to a long lasting strategic relationship with GLK.

Click here to read the full Great Lakes Graphite Inc. (TSXV:GLG) press release.