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
9th 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.
