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Syrah Resources Signs Sales Agreement with BTR New Energy Materials

08 Sep 2017  |  08:53:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Syrah Signs Sales Agreement with BTR New Energy Materials

Syrah Resources announced that it has signed a binding sales agreement with Jixi BTR Graphite Industrial a wholly owned subsidiary of Shenzhen BTR New Energy Materials (BTR). The agreement is for 30,000t of graphite from the Balama operation in the first year of production. All other terms of this agreement are confidential. The Company and BTR will continue to develop other elements of the previously announced MOU, including potential supply chain cooperation. Based in Shenzhen, China, BTR is the manufacturer and leader of technology development of battery anode materials for lithium-ion batteries. BTR supplies battery anode materials to the Chinese domestic market and export markets, servicing its major customers in battery, electric vehicle and energy storage sectors.

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