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SRG Mining Terminates Proposed Transactions with Carbon ONE New Energy Group
Montreal, Quebec / TheNewswire / March 5, 2024 - SRG Mining Inc. (TSXV:SRG) (“SRG” or the “Company”) today announced the strategic decision to terminate the agr
About this update from Falcon Energy Materials Plc
[{"type":"text","content":"Montreal, Quebec / TheNewswire / March 5, 2024 - SRG Mining Inc. (TSXV:SRG) (“SRG” or the “Company”) today announced the strategic decision to terminate the agreements and non-binding term sheet with Carbon ONE New Energy Group Co., Ltd. (“C-ONE”), initially announced on July 10th, 2023, and November 24th, 2023, respectively. \"The conclusion to discontinue our transactions with C-ONE, though challenging, was made with a clear focus on safeguarding and advancing the interests of our shareholders and stakeholders,\" said Matthieu Bos, SRG President and Chief Executive Officer. \"We remain financially strong and are resolved to use our strengths to build SRG into a leading producer of anode materials.\" About SRG Mining SRG Mining is focused on developing the Lola Graphite Project located in the Republic of Guinea, West Africa. The Lola Graphite Project has Proven and Probable Reserves of 42Mt at a grade of 4.2% Cg. SRG aims to develop a fully integrated source of battery anode material to supply the European lithium-ion and fuel cell markets. With attractive operating costs, proximity to European end-markets and strong ESG credentials, the Company is poised to become a reliable supplier while promoting sustainability and supply chain transparency. SRG is committed to generating sustainable, long-term benefits that are shared with the host countries and communities where it operates. For additional information, please visit SRG’s website at www.srgmining.com. Contact : Matthieu Bos President & CEO Email: [email protected] Telephone: +1(604) 443-3835 Matt Johnston Corporate Development Advisor Email:&n...