Good news for the wholesale division, via GLKIF!
Post# of 119
http://www.marketwired.com/press-release/grea...154572.htm
Great Lakes Graphite Announces Repeat Purchase Orders From U.S. Industrial
Quote:
TORONTO, ONTARIO--(Marketwired - Aug. 31, 2016) - Great Lakes Graphite Inc. ("Great Lakes", "GLK" or the "Company" (TSX VENTURE:GLK)(OTC PINK:GLKIF)(FRANKFURT:8GL) today announces that five repeat purchase orders have been received from the large, Texas-based industrial company who placed two purchase orders for micronized synthetic graphite products earlier this year. Each purchase order specifies twenty tonnes of material and takes the number of orders that Great Lakes has now received from this customer to a total of seven, representing one hundred and forty tonnes of graphite products.
Great Lakes CEO Paul Gorman commented, "We have spent the last few months working closely with this particular customer to develop a solution with the required performance characteristics. By working closely and creatively with our partners, we have been able to fulfill the first four purchase orders and we have delivered eight tonnes of material to date, or as packaged, roughly thirty-two hundred 50-pound bags. Ongoing fulfillment of orders for this customer will continue to be accomplished by working with our partners. Production activities will in time transition to the Matheson facility and that changeover is expected to take place over the coming weeks."
In addition to this, Great Lakes has placed additional orders from DNI Metals for natural flake graphite. Shipments are on their way from Brazil, as we speak. Confirmed via email from Dan Weir.
Great Lakes has a 5-year agreement to purchase graphite from DNI Metals' Wholesale Graphite Business: http://BuyFlakeGraphite.com