Valence Signs Contracts for Supply of Over 8,000 Tonnes of Graphite

Valence Industries Ltd. (ASX:VXL) announced that it has signed six new sales contracts for the supply of over 8,000 tonnes of flake graphite. All of the material the company will produce in its first year of production is now accounted for.

As quoted in the press release:

Signed sales contracts are for graphite concentrate across all sizes (+35 to -300 Mesh) and purities (90% to 95%), and are in line with the Company’s sales strategy to manufacture and sell graphite to the required specifications of customers. The contracts are consistent with Valence Industries’ current and forward production profile. Contract pricing is structured based on grade and quality and is consistent with the Company’s expectations.

Valence Industries’ customers are purchasing Uley GraphiteTM for applications from heavy industry (refractories, foundries and lubricants) through to advanced technologies (batteries and electronics) and even for bio-medical applications. Due to the confidential nature of the contracts, further customer information cannot be disclosed.

Click here to read the full Valence Industries Ltd. (ASX:VXL) press release.