Australia's Triton Minerals at over 7-month high on graphite offtake deal
09/11/2021 02:44
** Shares of Triton Metals TON.AX rise as much as 20.9% to
A$0.052, hitting their highest since March 16
** The graphite miner secures a binding offtake agreement
with a Chinese graphite and battery anode maker Yichang Xincheng
Graphite urn:newsml:reuters.com:*:nASX3HxHPt
** Co says offtake is for graphite produced at its Ancuabe
Commercial Pilot Plan, in Southeast Africa, for a minimum
contract value of $50 mln
** Adds it will sell 50,000 tonnes of graphite concentrate
to Yichang Xicheng Graphite over five years
** Stock marks its best day since April 30
** About 17.2 mln shares change hands, compared with the
30-day average volume of 926,185 shares
** Stock down 15.7% YTD, as of last close
(Reporting by Navya Mittal)
((Navya.Mittal@thomsonreuters.com;))