Post by CBXtraderon Nov 24, 2020 12:01pm
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Post# 31961126
V:SJL purchase agreement wi/ AMECA 15,000 tonnes graphite
V:SJL purchase agreement wi/ AMECA 15,000 tonnes graphiteNovember 18, 2020, Oakville, ON, Canada – Saint Jean Carbon Inc. (TSX-V: SJL)
"Offtake Agreement The Company also wishes to elaborate on its arm’s length offtake agreement with Ameca Ltd. (“Ameca”), previously announced on September 30, 2020. A revised agreement was signed on November 5, 2020. Production in Sri Lanka may begin as early as the summer of 2021. Saint Jean intends to pre-sell at least 10,000 tonnes of the highest quality graphite in the world, verified in Saint Jean’s R&D facility, to a third party and never take physical possession of the material. Ameca and Saint Jean have agreed on a formula of profit sharing on all sales. The intent is to sell the entire 15,000 tonnes of graphite under the Company’s offtake agreement with Ameca. Ameca’s planned initial production is 15,000 tonnes per year"
https://saintjeancarbon.com/files/2816/0575/0442/SJL_News_Release_Nov_18.pdf