QUEBEC – Vancouver-based Canada Carbon
, owner of the Miller graphite property 80 km west of Montreal, has signed a $13.75-million contract for the sale of architectural marble from its graphite property.
The agreement covers 75,000 tonnes of marble at a cost of $14 per cubic foot or $184 per tonne. The contract contains provisions for price increases as well as royalties to be paid on the sale of all value added marble products.
[caption id="attachment_1003712528" align="alignright" width="300"] Marble blocks from the Miller graphite project of Canada Carbon.
Canada Carbon is in the enviable position of creating a cash flow while it completes the resource estimates for its high purity graphite deposit and the marble resource. Once resources have been established, the company will move on to a preliminary economic assessment.
Read more at CanadaCarbon.com
The text of this article contains an error. The contract was for 75,000 tonnes.