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Hexagon Signs MoU for 30% Offtake and Stage 1 Project Finance
Feb. 02, 2018 09:04AM PST
Battery MetalsHexagon Resources Limited (HXG or the Company) has signed a non-binding Memorandum of Understanding (MoU) with China National Building Materials – General Technology Co. Ltd (CNMMGT) of China to purchase 30% of planned primary production from Hexagon’s McIntosh Graphite project located in Western Australia. As quoted in the press release: “Hexagon plans for this to …
Hexagon Resources Limited (HXG or the Company) has signed a non-binding Memorandum of Understanding (MoU) with China National Building Materials – General Technology Co. Ltd (CNMMGT) of China to purchase 30% of planned primary production from Hexagon’s McIntosh Graphite project located in Western Australia.
As quoted in the press release:
“Hexagon plans for this to be the first of a series of collaborative agreements with a geographically widespread and diverse group of end-users with significant presence in the graphite market,” Hexagon’s Managing Director, Mike Rosenstreich said.
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