I think this company has some great potential. It is up 160% and they have just started to scratch the surface.
What do you all think?? Please read below on the announcement!!
BlackEarth Minerals revealed it had signed an agreement with German-based Luxcarbon GmbH for the procurement, supply and marketing of graphite concentrate and downstream graphite products. Luxcarbon is among Germany’s top suppliers of graphite and carbon products, counting Volkswagen, Mercedes, Ford and major chemical corporations among its clients.
Following its memorandum of understanding (MOU) with Urbix Inc, BlackEarth will use this agreement to secure the supply of up to 25,000 tonnes of high-grade product to help Urbix complete its plant development.
The company reported this would remain in place as it fast-tracks its work on its own graphite assets in Madagascar. It plans to use these provide a regular supply for its future downstream graphite operations.
Part of the agreement enables BlackEarth to sell up to 25,000 mtpa of downstream products to the European market. The company points to a growing demand for its products from the growth of the electric vehicle battery market.
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