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Great Lakes Graphite books first purchase order from new customer

Monday, March 6, 2017 8:02
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(Before It's News)

Industrial minerals company Great Lakes Graphite Inc (CVE:GLK) has ventured into a new market after booking its first purchase order from a new customer.

Great Lakes sold one tonne of synthetic graphite to the privately-held, US-based lubricants and greases manufacturer.

Senior vice president of sales Mike Coscia said: “We can now add lubricants to the markets for which we have qualified, or are qualifying our products, including drilling fluids, industrial foams, biomedical, conventional battery, lithium-ion battery and energy storage applications.

“Over the coming months we will continue to qualify our products for new markets and will also begin driving deeper into the markets and applications for which our products have been successfully qualified.”

The company also confirmed that two recent international orders from customers in the Middle East and Western Europe have been shipped.

The order for 400kg of micronized flake graphite for the European customer has been air freighted, while the 20 tonnes of synthetic graphite is being delivered to the Middle East via container ship.

Importantly for Great Lakes, it has also received a new order from the same US-based industrial company which bought hundreds of tonnes of synthetic graphite last year.

The unnamed company has placed an order for 20 tonnes of synthetic graphite.

Shares closed at C$0.09 on Friday.

Story by ProactiveInvestors



Source: http://www.proactiveinvestors.com/companies/news/174319/great-lakes-graphite-books-first-purchase-order-from-new-customer-174319.html

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