Triton Enters Joint Ventures for Graphite-enhanced Products

Triton Minerals Ltd. (ASX:TON) announced that it’s entered two binding joint venture agreements with Yichang Xincheng Graphite Co. Ltd. (YXGC), a Chinese graphite products specialist. The goal of the joint ventures is to produce graphite-enhanced products in Mozambique and China using Triton Mozambique Graphite (TMG) graphite concentrate.

As quoted in the press release:

• The 70% Triton owned, Mozambique JV has been established to produce high value expandable graphite, flexible graphite sheet, refined battery grade graphite and other enhanced graphite products.
• The 49% Triton owned, China JV has been established to focus initially on producing high strength graphite composite sheets.

YXGC is a major producer of Graphite products and operates some of the most advanced graphite processing equipment in the world with professional management and superior production systems including graphite air-flow classification equipment, super-minute crushing equipment and flexible graphite sheets and rolls production line.

Brad Boyle, managing director and CEO of Triton, commented:

The execution of these joint venture arrangements with Yichang Xincheng Graphite Co., Ltd places Triton in a truly remarkable and unique market position. Not only is Triton positioning itself to become a producer of high quality graphite concentrate, through its TMG product, it is now planning to be directly involved in the production of very high value enhanced graphite products that will supply the electronics, technology and energy storage sectors, to name but a few, for future generations.

We are excited to be able to enter into these joint venture arrangements with YXGC and leverage off their significant experience in producing the highest quality enhanced graphite products used in components that are distributed worldwide to some of the world’s premier technology companies, such as Apple and Samsung.

Click here to read the full Triton Minerals Ltd. (ASX:TON) press release.