Good news for DNI's graphite wholesale business...

Good news for DNI's graphite wholesale business...

Quote:

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2017-02-03T12:58:11+00:00
TORONTO, ONTARIO--(Marketwired - Feb. 3, 2017) - Great Lakes Graphite Inc. ("GLK" or the "Company" (TSX VENTURE:GLK)(OTC PINK:GLKIF)(FRANKFURT:8GL) announces today that the Company has received a purchase order for 400 kilograms of micronized natural flake graphite from a large corporation headquartered in Western Europe with two production facilities in North America and a third production facility in the Middle East. The customer was provided with an initial sample of two kilograms of material for qualification testing and is now purchasing a larger quantity to conduct production-scale qualification tests.

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Great Lakes purchases all of their natural flake graphite from DNI Metals Inc. (See old post for PR/agreement)

Quote:

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Great Lakes Graphite Chief Executive Officer Paul Gorman said, "We are excited to be working with this customer for a number of reasons. The customer represents new markets for us, both geographically and also in terms of the targeted application set. We have been enjoying strong early success with our synthetic graphite products and are now gearing up marketing efforts for our natural flake graphite products. We are continuing to work through our partners to manage the production of these initial orders and are able to do so until such time as we are prepared to initiate and transition manufacturing operations to the Matheson facility."

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After this, there should be one more "small" order for 20 metric tons, and then the real orders begin.

This potential client sounds big enough where they could order hundreds of metric tons on a monthly or semi-monthly basis, leading to a nice revenue stream.