viewBlack Rock Mining Ltd

Black Rock Mining’s former board member increases stake to 20.38%

The company signed its third off-take deal earlier this week for its Mahenge graphite project.

man with briefcase running up ascending share price arrow
The latest off-take was a three year deal for up to 100,000 tonnes per annum

Black Rock Mining Ltd (ASX:BKT) has revealed an increase in holding from substantial shareholder Copulos Group to 20.38% from 18.66%.

Notably, Copulos Group is directly related to the company’s former chairman and non-executive director Stephen Copulos.

The holdings increase follows newsflow earlier this weak revealing that Black Rock had signed a third off-take agreement for its flagship Mahenge Graphite Project in Tanzania.

READ: Black Rock Mining’s third deal takes graphite offtake to 85% of planned annual production

This recent deal along with the two prior off-takes could represent about 85% of proposed annual natural flake graphite production from Mahenge.

Quick facts: Black Rock Mining Ltd

Price: 0.049 AUD

Market: ASX
Market Cap: $30.82 m

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