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SRG Mining Signs Additional Offtake Agreement Bringing Total Sales to 85% of Production
Montreal, Quebec,, May 25, 2020 (GLOBE NEWSWIRE) -- SRG Mining Inc. (TSXV: SRG) (“SRG” or the “Company”) today provides an update on recent activities related t
About this update from Falcon Energy Materials Plc
[{"type":"text","content":" Montreal, Quebec,, May 25, 2020 (GLOBE NEWSWIRE) -- SRG Mining Inc. (TSXV: SRG) (“SRG” or the “Company”) today provides an update on recent activities related to its Lola graphite project (the “Project”). The Company has recently signed its 5th offtake agreement for 10,000 tonnes per year for a three-year period. This brings the total signed off-take agreements to 128,000t over three years. These agreements represent approximately 85% of the Company’s anticipated production over that period. Our clients operate in various markets including refractories, expandable graphite and battery anode material. We remain actively engaged with several potential clients to continue to sign off-take agreements for our graphite production. The Company continues to believe in signing sales agreements for the anticipated production and having many potential clients test and qualify our material. These efforts will remain ongoing throughout the life of the Project. About SRG Mining SRG Mining is a Canadian-based mining company focused on developing the Lola graphite deposit located in the Republic of Guinea, West Africa. SRG is committed to operating in a socially, environmentally, and ethically responsible manner. For additional information, please visit SRG’s website at www.srgmining.com. Or contact: Ugo Landry-Tolszczuk Email: [email protected] Benoit La Salle, FCPA FCA Email: [email protected] Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements This press release contains \"forward-looking information\" within the meaning of Canadian securities legislation. All information contained herein that is not clearly historical in nature may constitute forward-looking information. Generally, such forward-looking information can be identified by the use of forward-looking terminology such as “firm”, “anticipated”, “potential”, “will”, “continue”, “demonstrate”, “deliver”, “believe”, or variations of such words and phrases or state that certain actions, events or results \"may\", \"could\", \"would\" or \"might\". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of act...