SRG Mining Signs Additional Offtake Agreement Bringing Total Sales to 85% of Production
25 Maio 2020 - 8:00AM
Montreal, Quebec, May 25th, 2020 – SRG Mining Inc. (TSXV:
SRG) (“SRG” or the “Company”) today provides an update on recent
activities related to its Lola graphite project (the “Project”).
The Company has recently signed its 5th offtake agreement for
10,000 tonnes per year for a three-year period. This brings the
total signed off-take agreements to 128,000t over three years.
These agreements represent approximately 85% of the Company’s
anticipated production over that period. Our clients 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.
The Company continues to believe in signing sales agreements for
the anticipated production and having many potential clients test
and qualify our material. These efforts will remain ongoing
throughout the life of the Project.
About SRG Mining
SRG Mining is a Canadian-based mining company focused on
developing the Lola graphite deposit located in the Republic of
Guinea, West Africa. SRG is committed to operating in a socially,
environmentally, and ethically responsible manner.
For additional information, please visit SRG’s website at
www.srgmining.com.
Or contact:
Ugo Landry-Tolszczuk Email:
ugo.landry.tolszczuk@srgmining.com |
Benoit La Salle, FCPA FCA Email:
benoit.lasalle@srgmining.com |
Neither the TSXV nor its Regulation Services Provider (as that
term is defined in the policies of the TSXV) accepts responsibility
for the adequacy or accuracy of this release.
Forward-Looking Statements
This press release contains "forward-looking information" within
the meaning of Canadian securities legislation. All information
contained herein that is not clearly historical in nature may
constitute forward-looking information. Generally, such
forward-looking information can be identified by the use of
forward-looking terminology such as “firm”, “anticipated”,
“potential”, “will”, “continue”, “demonstrate”, “deliver”,
“believe”, or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would" or
"might". Forward-looking information is subject to known and
unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of
the Company to be materially different from those expressed or
implied by such forward-looking information, including but not
limited to: (i) volatile stock price; (ii) the general global
markets and economic conditions; (iii) the possibility of
write-downs and impairments; (iv) the risk associated with
exploration, development and operations of mineral deposits and
mine plans for the Company’s mining operations; (v) the risk
associated with establishing title to mineral properties and assets
including permitting, development, operations and production from
the Company’s operations being consistent with expectations and
projections; (vi) fluctuations in commodity prices, finding offtake
takers and potential clients or enforcing such agreements against
same and other risks and factors described or referred to in the
section entitled "Risk Factors" in the MD&A of the Company and
which is available at www.sedar.com, all of which should be
reviewed in conjunction with the information found in this news
release.
Although the Company has attempted to identify important factors
that could cause actual results to differ materially from those
contained in the forward-looking information, there may be other
factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such forward-looking
information will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
forward-looking information. Such forward-looking information has
been provided for the purpose of assisting investors in
understanding the Company's business, operations and exploration
plans and may not be appropriate for other purposes. Accordingly,
readers should not place undue reliance on forward-looking
information. Forward-looking information is given as of the date of
this press release, and the Company does not undertake to update
such forward-looking information except in accordance with
applicable securities laws.
Ugo Landry-Tolszczuk
SRG Mining
ugo.landry.tolszczuk@srgmining.com
Kathleen Jones-Bartels
SRG Mining
6043417474
kathleen.bartels@srgmining.com
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