Focus Graphite signed purchase agreement for future production at Lac Knife graphite

 

 

OTTAWA - December 2013 – Focus Graphite Inc. (TSX-V:FMS; OTCQX: FCSMF; ESF: FKC) (the "Company") announced today, that it has signed a purchase agreement for the supported in the future at Lac Knife graphite resource.

The strategic agreement to purchase up to 40.000 Tons per year, at 19. December 2013 by the company and an industrial consortium consisting of Heavy Industry, Producer- signed and technology enterprises in Dalian City in Liaoning province.

The completed ten-year agreement covers the supply of up to 40.000 Tonnes of graphite (big fluffy flakes and medium size) from the planned Focus Graphite plant at Lac Knife in the Canadian province of Quebec.

The detailed terms and conditions, including pricing and the right to contract extension, are not disclosed for competitive reasons.

"We Focus graphites are very pleased with the signing of our first off-take agreement. This agreement is crucial to the future development of Lac Knife ", erklärte Don Baxter, President und Chief Operating Officer von Focus Graphite.

"This purchase agreement is not only the first of its kind, it is also significant in, as it includes the entire range of products produced in Lac Knife kleinflockigem to extra großflockigem graphite and thus pave the way for the sale of technology products produced therefrom with added value is ", Baxter soft.

"This agreement underlines our long-term goal, To be competitors in the Chinese market ", he added.

This agreement was without a feasibility study (currently in progress) completed and there is therefore no guarantee, that the above objectives can be realized.

Über Focus Graphite

Focus Graphite Inc. is an emerging, medium junior mine development company and a developer and provider of technology solutions and business innovation. Focus is the owner of the Lac Knife graphite deposit, The region is located in the Côte-Nord in the north east of Quebec City. The Lac Knife project hosts NI 43-101 compliant indicated mineral resource of 4,9 Million tons, where 15,8 % graphitic carbon (CGR) is in the form of crystalline graphite, and inferred mineral resources * in the amount of 3,0 Million tonnes 15,6 % Cgr in the form of crystalline graphite. The aim of focus is, to be a leading market position as a low cost producer of high-quality graphite technology. At the 29. October 2012 the company released the results of a preliminary economic assessment („PEA“) für das Projekt Lac Knife, in the project a very positive potential was certified for the production of graphite. As a technologically driven company, has set itself the goal, to secure its long-term shareholder value solid, Focus ist durch Grafoid Inc.. involved in the development of applications and patents graph.

Don Baxter, P.Eng, President und COO von Focus Graphite Inc., is a Qualified Person under NI 43-101 reviewed the technical content of this press release.

Forward-looking statements

This presentation contains forward-looking information under Canadian securities laws. All information contained herein, are not clearly historical in nature are, may constitute forward-looking information. Generally, these forward-looking statements can be identified information based on the use of forward-looking terminology, such as e.g.. „plant“, "Expected", "Not expected", "Expected", "Budgeted", "Estimates", "Forecasts", "Intends", "No intention", "Believes" or. Variations of such words and phrases or statements, that certain actions, Events or results "may", "Could", "Might" or "will". Forward-looking information is subject to known and unknown risks, Uncertainties and other factors, which could cause, that could cause actual results, Activities, Performance or achievements to differ materially from those, which were explicitly or implied by such forward-looking information expressed, including, but not limited to: (i) volatile share prices; (ii) of global markets and the economy; (iii) the possibility of depreciation, amortization and impairment; (iv) the risks associated with the exploration, the development and operation of mineral deposits; (in) the risk associated with the acquisition of ownership rights to mineral properties and assets; (we) risks related to joint ventures; (vii) Fluctuations in commodity prices; (viii) the risks associated with non-insurable risks, during the exploration, Could occur exploration and production; (ix) the competition for the resulting issuer in securing experienced personnel and financing; (x) access to an appropriate infrastructure to support the degradation, processing, the development and exploration; (xi) the risks associated with changes in the mining regulatory provisions for the resulting issuer; (xii) the risks associated with the various environmental regulations, which is subject to the resulting issuer; (xiii) the risks associated with regulatory and permit-related delays; (xiv) Risks associated with potential conflicts of interest; (xv) the reliance on key personnel; (xvi) Liquidity risks; (xvii) the risk of potential dilution through the issuance of common shares; (xviii) des binders, that the company does not anticipate the decision of the dividends in the short term; (xix) the risk of litigation; and (xx) of Risikomanagements. Forward-looking information is based on assumptions, our management believes at the time the statements are statements to be reasonable, including but not limited to, the ongoing exploration work, the lack of significant changes in metal prices, Explorations- and development plans, carried out according to plan and deliver the appropriate results, obtaining necessary regulatory approvals and other assumptions and factors, the herein described. Although the company has tried, identify important factors, which could cause, that could cause actual results to differ materially from those in the forward-looking information, there may be other factors, which lead to results, are not accepted, estimated or intended. It can not be guaranteed, that forward-looking information prove to be accurate, as. Actual results and future events could differ materially from such forward-looking information. Such forward-looking information has been provided, to investors to help, the business, to understand the operations and exploration plans of the company, and for other purposes may not be suitable. The reader should not place undue reliance on forward-looking information. Forward-looking information is expressed as of the date of this press release, and the company is not obliged, to update such forward-looking information, unless, This is in accordance with applicable securities laws.

Contact:

Don Baxter, P.Eng
President & Chief Operating Officer
705-789-9706
dbaxter@focusgraphite.com
www.focusgraphite.com

For the correctness of the translation is any liability assumed! Please note original English message!

Those: IRW-Press.com.

This entry was posted in Corporations of the rare earths, News, News of the corporations, the rare earth metals and and tagged , , , . Bookmark the permalink.

Comments are closed.