Jay Currie of Resource Wire recently published an article that looked at Focus Graphite’s (TSXV:FMS,OTCQX:FCSMF,FWB:FKC) recent offtake agreements with Grafoid Inc. Currie interviewed Focus CEO Gary Economo on June 23.
As quoted in the article:
The Grafoid off take agreements join an off take agreement signed with an unnamed Chinese conglomerate and announced in December 2013. Economo tells us that “There are a handful, five companies actually, looking at further off take agreements.”
Lining up those off take agreements is critical to funding the estimated 166 million dollar cost of the mine at Lac Knife, Quebec. “With these off take agreements a little more than half of the graphite production at Lac Knife has found a home.” said Economo.
From Grafoid’s perspective the Lac Knife graphite is excellent material for its graphene driven operations. Grafoid is a privately held company with patented, proprietary graphene technologies that require flake graphite for its Mesograf™ graphene battery-related developments, and for its polymer application developments.
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