Flinders Secures Initial Sales Contract for Woxna Graphite Mine

Flinders Resources Ltd. (TSXV:FDR) announced that is has secured its first sales contract for graphite from its Sweden-based Woxna mine. The contract is with a former European customer.

As quoted in the press release:

The Company has been meeting with former and potential new customers as part of its efforts to re-establish its sales base. As part of these marketing efforts, the Company is pleased to report that the initial sales contract has been signed with one of its former European customers. The initial sales contract does not represent a material portion of the Company’s production capacities; however, the conclusion of this agreement is an important milestone for the Company’s marketing team. Fulltime sales and marketing efforts are continuing throughout Europe and the Company anticipates that more sales contracts will be concluded over the coming months.

Blair Way, president and CEO of Flinders, commented:

Securing our first sales contract is great news and a vote of confidence from our former customers. Our marketing endeavors are starting to have an impact in line with our restart of production. This is an exciting time for the company as we become the first TSX Venture Exchange listed company to produce and sell graphite product.

Click here to read the full Flinders Resources Ltd. (TSXV:FDR) press release.