Fort Worth buying four New Flyer electric buses for new zero-emission route
Lightning Systems Gen 2 electric Ford Transit named in CARB executive order; new NMC batteries for longer range

Elcora Advanced Materials enters joint venture on high grade Tanzania graphite project

Elcora Advanced Materials Corp. has entered into a ten-year joint venture profit sharing definitive agreement with Eminent Minerals’ interest in the South Nachu, Tanzania graphite deposit, located in Ruangwa, Tanzania. The project is located near two large Graphite Projects; Syrah Resources and Magnis’ Nachu. Both are high-grade graphite deposits.

Under the agreement, Eminent Minerals will provide Elcora with graphite from the project which will be processed on site by Elcora. Any profits from sales will be split on a predetermined basis depending on Elcora’s required refinement costs. A final definitive agreement will be signed shortly.

The site consists of 101 square kilometers in the United Republic of Tanzania.

The nearby Syrah Resource Balama graphite project produced and sold 48kt of natural flake graphite at US$469 per tonne in the first quarter of 2019.

Comments

Tim Duncan

What is this special graphite used for?

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been posted. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment

Your Information

(Name is required. Email address will not be displayed with the comment.)