Battery Minerals shares rise as it signs another offtake agreement

Australian company Battery Minerals has signed its fourth binding offtake agreement for graphite concentrate from its Montepuez project in Mozambique, announcing on Monday that 80% of the forecast production of the mine has been sold a year before its first scheduled shipment. The company, led by David Flanagan, said privately owned Chinese company Qingdao Keshuo New Materials Technology – a specialist spherical graphite and anode producer – has signed up for 10 000 t/y of graphite concentrate over an initial three-year term.