Montreal-based SRG Mining Inc. (TSX-Venture: SRG) today provides an update on recent activities related to its Lola graphite project.
The Company has recently signed its sixth offtake agreement for 8,000 tonnes over a three-year period. This brings the total signed off-take agreements to 136,000 over three years. These agreements represent approximately 90% of the Company’s anticipated production over that period.
The Lola is located in Guinea, in West Africa.
"Our clients," says the company’s news release, "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."
SRG shares reached noon EDT Thursday up a dime, or 19.6%, to 61 cents, on volume of 71,000.
