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Black Rock signs non-binding Memorandum of Understanding offtake agreement with Strategic Alliance Partner, POSCO for the supply of 6,000 metric tonnes per annum of high-quality large natural flake graphite concentrate from Mahenge Module 1.
Agreement deepens Black Rock's relationship with POSCO, represents potential for additional revenue, and builds confidence for Mahenge to become a significant new source of graphite.
Black Rock will commence negotiations with POSCO to finalize a binding agreement subject to product specifications and commercial terms.