Black Rock Mining signed a strategic cooperation agreement with Yantai Jinyuan Mining Machinery for BOT services to build a graphite processing plant. The mine planned production rate is 3,000 tpd.
Black Rock Mining has signed a strategic cooperation agreement with Yantai Jinyuan Mining Machinery to supply process plant machinery and related infrastructure for the Mahenge Graphite Mine in Tanzania, with Yantai committing to source up to US$40 million in project finance.
Ardiden Ltd executed a conditional binding term sheet with Yantai Jinyuan Mining Machinery Co., Ltd for a Build-Operate-Transfer agreement to design, build, operate and transfer a lithium concentrate processing facility at the Seymour Lake Lithium Project in Ontario, Canada. Yantai will provide 50% of project funding and facilitate a 5-year off-take agreement for up to 5,000 tonnes per annum of lithium concentrate.