The Conversation (0)
Next Graphite, Inc. (OTCQB:GPNE) has successfully negotiated and signed a yearly, renewable land lease in order to commence exploration and mining on Aukam’s Farm 125,000 acre property. The lease was singed between Next Graphite, Inc. and Mr. Gerhard de Meyer, a Namibian national who has owned the Aukam Farm property since the area was first mined for graphite in 1940.
As quoted in the press release:
The land lease took effect on July 15, 2014 and is renewable on a yearly basis. GPNE successfully negotiated 12-hour operating shifts during each work day during the week and operation on the weekend. The newly negotiated land lease expanded the operations on the property to specifically include all of GPNE’s planned operations. These are; reclamation, mine development, necessary impact assessment, feasibility studies, engineering studies, geological studies, and contamination studies. The land owner has also agreed to provide required access to a well and solar pump for up to 25,000 liters of water use daily to support mining operations.
Next Graphite CEO, Cliff Bream, said:
Our land lease agreement was the final piece of approval needed to fully begin our operations as a licensed mining company in Namibia. Our negotiations with Mr. de Meyer went very smooth and we were most pleased with his approach to help us keep monthly land lease costs low in favor of potentially greater revenues with his negotiated 2% share of our future cash flows. Mr. de Meyer also understood the need for us to access water on the property for our production and mining operations. This was a critical component of our negotiations due to the importance of water in graphite mining operations.
Click here to read the Next Graphite (OTCQB:GPNE) press release
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