The Market Herald has reported that “Shares in BlackEarth Minerals (BEM) have skyrocketed after the company signed an MOU for the supply of graphite concentrate to U.S.-based Urbix.”
Reporter Oliver Gray writes:
Initially, BlackEarth will supply its high-grade graphite concentrate to Urbix’s 31,000-square-foot downstream processing facility, which is currently under construction at Falcon Airfield in Mesa, Arizona.
It’s expected to be one of the largest natural graphite purification facilities in North America with the capacity to purify up to 24,000 tonnes each year.
Once the plant has been completed, the two companies have proposed a joint venture plant that will be built in either Madagascar or Western Australia, with a focus on producing a significant supply of purified graphite for the growing battery and alternative energy markets.
You can read the full piece here.