Quantum Graphite Ltd Quarterly Report
Key points
- Ore Supply Agreement with Sunlands Pure Group
- Refinery Site in Oman Granted Environmental Approvals
- Front-End Engineering and Design (FEED) Commenced
- Uley 2 Project Financing Finalized
Full summary
Quantum Graphite Ltd has concluded an Ore Supply Agreement with Sunlands Pure Group (SPG) to consolidate downstream processing and refining of Uley flake within SPG. The agreement provides a 20-year commercial framework for the exclusive supply of Uley flake ore to SPG. SPG's refinery site in Al Buraimi, Oman, has received final environmental authorizations. Quantum Graphite has also commenced the Front-End Engineering and Design (FEED) program for the Uley 2 project, which will finalize engineering definition and enable a transition to project execution. The Uley 2 project financing structure has been finalized, incorporating integrated processing and refining activities.
Summary generated by a large language model. Please interpret with care.