Hexagon signs MoU for offtake, project finance

ASX-listed graphite developer Hexagon Resources has signed a nonbinding memorandum of understanding (MoU) with China National Building Materials – General Technology (CNBM-GT) to purchase 30% of planned primary production from the McIntosh graphite project, in Western Australia. The parties have also agreed to negotiate project finance, prepayment and other debt facilities to expedite project construction.