SRG Mining Sells 60% of Its Future Graphite Production via Off-take Agreements
SRG Mining Sells 60% of Its Future Graphite
Production via Off-take Agreements
MONTREAL
,
Jan. 14, 2020
/CNW Telbec/ -
SRG Mining Inc.
(TSXV: SRG) ("SRG" or the
"Company") today provides an update on recent activities related to its Lola graphite project (the
"Project").
After two years of work on sales agreements, the Company has signed four, three-year firm off-
take agreements for a total of 89,000t over that period. These agreements represent approximately
60% 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.
Our efforts in continuously producing graphite from our lab in
Guinea
and producing a bulk sample is
in line with these efforts to secure sales. 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.
"These off-take agreements demonstrate the marketability of our graphite flake products and our
clients' trust in the Company's ability to deliver quality product in a timely manner. We are diligently
proceeding towards achieving our ultimate goal of building a mine and concentrator capable of
producing 54,000tpa of high-quality graphite flakes, in best possible timeframe, and in the best
interest of all our stakeholders," said
Ugo Landry-Tolszczuk
, President and COO of SRG Mining.
SRG Retains Hybrid Financial Ltd. for Investor Relations Activities
The Company has, subject to regulatory approval, retained the services of Hybrid Financial Ltd.
("Hybrid") for strategic investor relations initiatives. The initiatives will include marketing, distribution
and branding services for the Company with a specific focus on elevating the Company's profile via
investment advisers in
Canada
and
United States
.
The agreement will commence on
January 9
th
for an initial term of four months, following which the
agreement may be renewed by the Company on terms of three months. The agreement is subject to
the approval of the TSX Venture Exchange.
Hybrid Financial Inc. does not have any interest, directly or indirectly, in the Company or its
securities, or any right or intent to acquire such an interest.
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
.
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.
SOURCE
SRG Mining Inc.
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%SEDAR: 00008697E
For further information:
Ugo Landry-Tolszczuk, Email: [email protected];
Benoit La Salle, FCPA FCA, Email: [email protected]
CO: SRG Mining Inc.
CNW 07:00e 14-JAN-20