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Company News
Triton Minerals sells 70% stake in Mozambique graphite projects to Shandong Yulong for $17m
Triton Minerals (ASX: TON) has agreed to divest 70% of its graphite assets in Mozambique to a subsidiary of China’s Shandong Yulong Gold for a cash consideration of $17 million. The transaction will include all of Triton’s interests in the flagship Ancuabe project, as well as the Nicanda Hill, Nicanda West and Cobra Plains leases. […]
Triton Minerals receives $19.5m injection from Chinese state-owned Jinan Hi-Tech
Advanced graphite explorer Triton Minerals (ASX: TON) has received a significant cash boost in the form of a proposed $19.5 million investment from Jinan Hi-Tech, a major state-owned enterprise in China. Jinan conducted a significant period of due diligence before committing to the deal but must wait for the deal to be approved by Triton […]
Triton receives mining approval for Ancuabe graphite project, signs offtake agreement with Chinese producer
Emerging graphite producer Triton Minerals (ASX: TON) has received formal approval from the Mozambique Government for the production of up to 60,000 tonnes per annum of graphite concentrate over an initial 25-year term from its Ancuabe project, located in the country’s Cabo Delgado province. The approval was the final step in the mining concession application […]
Triton Minerals on cusp of financing Ancuabe graphite project with latest agreement
Graphite focused Triton Minerals (ASX: TON) is a step closer to locking-in the finance required to develop its Ancuabe graphite project in Mozambique after bagging a memorandum of understanding with China’s largest building materials group. China National Building Material Group’s subsidiary Suzhou Sinoma Design and Research Institute of Non-metallic Minerals Industry will work alongside Triton […]
Triton Minerals’ board gives nod to begin Ancuabe graphite mine development
Triton Minerals (ASX: TON) is about to kick-off development of its flagship wholly-owned Ancuabe graphite project in Mozambique after its board gave the nod for construction to begin in the latter half of this year. Early works have already begun including earthworks for the raw water dam needed to begin construction and underpin operations. Triton […]
Triton Minerals bags yet another graphite concentrate offtake deal
Barely 24 hours since announcing a successful capital raising of A$4.2 million via an entitlement offer, Triton Minerals (ASX: TON) has boosted shareholder sentiment by unveiling another binding offtake agreement. The deal is the second in as many months for the soon-to-be graphite producer. On this occasion, Triton has agreed to supply graphite concentrate to […]
Triton Minerals to supply Ancuabe graphite to Chinese distributor
Triton Minerals (ASX: TON) has secured its first binding offtake agreement for Ancuabe graphite, turning its term sheet with China’s Qingdao Tianshengda Graphite into a five-year deal to supply its high-quality Mozambique flake at market prices. The binding, conditional offtake deal with Tianshengda, announced today, includes an option to supply the large and jumbo flake […]
Triton Minerals boosts graphite resource at Ancuabe
Triton Minerals (ASX: TON) has announced a “major” 59% mineral resource upgrade for its Ancuabe graphite project in Mozambique, which supports a 30-year plus operation. The resource upgrade for T12 and T16 deposits at Ancuabe has risen 59% to sit at 44.4 million tonnes grading 6.6% total graphite carbon for 2.9 million tonnes of contained […]
Triton Minerals lifts contained graphite resource at Ancuabe
Following a resource upgrade late last month, Triton Minerals (ASX: TON) has updated its resources even further, expanding contained graphite almost 5% at its Ancuabe graphite project in Mozambique. Contained graphite has risen from 2.9 million tonnes in late November to 3.04mt, with the resource supporting a 30-year operation. Total indicated and inferred resources for […]
Triton Minerals locks in offtake agreement for Ancuabe graphite
Mozambique-focused graphite explorer Triton Minerals (ASX: TON) has inked a five-year offtake agreement to supply China-based Qingdao Tianshengda Graphite with a portion of its anticipated graphite production from its flagship Ancuabe project. The initial term sheet agreement, which Triton expects to be made binding next month, allows for Qingdao Tianshengda to purchase up to 16,000 […]