Great Lakes Graphite Inc. (GLK) has announced that it has signed a 5 year supply deal with DNI Metals Inc. ("DNI") to purchase natural flake graphite concentrate. The deal will enable GLK to purchase up to 34,000 tonnes of material from DNI, which will be sent to the Matheson Micronization Facility to make micronized flake graphite.
The entire concentrate will come from a mill that has fulfilled the testing needs performed by the company over the last 6 months, to guarantee final product consistency and quality.
CEO of GLK, Paul Gorman, said, "Covenant of long-term supply is a critical prerequisite for initiating commercial operations later this year. With the supply agreement in place and work underway on the Matheson facility, GLK will now intensify its focus on product sales and ramp up activities involved in customer sampling and negotiation for off-take agreements."
Dan Weir, CEO of DNI Metals added, "We are excited to launch a new chapter for DNI Metals with the announcement of this supply agreement with Great Lakes Graphite. This agreement was able to come together quickly because our experience and capabilities in different regions. A great deal of time has been invested in building relationships with Industrial Mineral Companies. We look forward to a long lasting strategic relationship with GLK."
The entire concentrate will come from a mill that has fulfilled the testing needs performed by the company over the last 6 months, to guarantee final product consistency and quality.
CEO of GLK, Paul Gorman, said, "Covenant of long-term supply is a critical prerequisite for initiating commercial operations later this year. With the supply agreement in place and work underway on the Matheson facility, GLK will now intensify its focus on product sales and ramp up activities involved in customer sampling and negotiation for off-take agreements."
Dan Weir, CEO of DNI Metals added, "We are excited to launch a new chapter for DNI Metals with the announcement of this supply agreement with Great Lakes Graphite. This agreement was able to come together quickly because our experience and capabilities in different regions. A great deal of time has been invested in building relationships with Industrial Mineral Companies. We look forward to a long lasting strategic relationship with GLK."