Valence Industries is pleased to announce that it has signed a binding three year multi-product graphite sales contract with a new customer. Highlights: - Multi-year, multi-product Sales Contract signed with major customer - Flake graphite sales in excess of US$50M over three years - Key step in meeting conditions for initial syndicated finance [...]
Valence Industries is pleased to provide an update on operations at its Uley Graphite(TM) site in South Australia. Highlights: - Uley Pit 2 Mining Pre-Strip commenced - Graphite visible near surface - Pre-strip material used for tailings construction - New Open Pit mining to commence in late 2015 The removal of overburden from Uley Pit 2 has [...]
Valence Industries is pleased to provide an update on graphite production at Uley in South Australia. Highlights - Production rates increasing - Graphite shipments scheduled to commence over next 6 weeks - High proportion of coarse flake graphite production up to +35 mesh (0.5mm) The production throughput rate at the Company's Uley Graphite(TM [...]
Valence Industries is pleased to announce that pursuant to the syndicated debt facilities agreed with Singapore based Chimaera Capital Markets Pte Ltd (CCM) and announced on 1 May 2015, the Company will draw down an amount of A$3 million in bridge financing with up to a further A$0.5M available under that bridge. This financing has an establishment [...]
Valence Industries is pleased to announce it has commenced operational graphite production at its Uley Graphite(TM) site in South Australia. The Company is planning for flake graphite production rates, quality and consistency to increase progressively over the coming weeks to the nameplate capacity of 14,000 tpa from September 2015. This [...]
Valence Industries is pleased to advise it has received regulatory approval for a modified process water pond system at its Uley GraphiteTM facilities to be operated in accordance with the existing PEPR (Program for Environment Protection and Rehabilitation). - Regulatory approval received for modified process water management systems - Allows [...]
Valence Industries is pleased to announce an update to the valuation contained in its Feasibility Study released on 2 January 2015. The revision indicates a significant increase in estimated returns from the Company's Uley GraphiteTM project in Australia. Feasibility Study valuation updated for interim increase in Ore Reserve: Graphite Project [...]
Valence Industries confirms that the Prospectus dated 7 May 2015 and the Supplementary Prospectus dated 22 May 2015 (to be read in conjunction with the Prospectus) for a pro-rata renounceable rights issue and other offers, together with the revised Entitlement & Acceptance Form and Shortfall Acceptance Form, was despatched to eligible shareholders [...]
Valence Industries is pleased to announce the metallurgical analysis from its Uley GraphiteTM plant during the first stage of the commissioning. Highlights of Metallurgical Analysis The graphite product mix includes significantly larger proportions of large flake graphite than expected. Larger flake graphite generally commands a higher price in [...]
Valence Industries is pleased to announce a significant 43% increase to its JORC 2012 Graphite Ore Reserve which underpins a 60% increase to the current "Life of Mine" (LOM) for Uley Pit 2 at its wholly owned Uley GraphiteTM operations in South Australia. Major Increase to Graphite Ore Reserve & Mine Life - Ore Reserve increased by 43% to [...]
Valence Industries Valence Investor Presentation - May 2015: Graphite production and exports have commenced from the existing plant. - Production to increase to 14,000 tpacapacity by Q3 CY 2015 Funding now in place for expansion strategy - Debt facility for US$75m and new equity up to A$11.4m Expansion program includes - New high grade open [...]
Valence Industries announced on 1 May 2015 that it has secured US$75m (A$94m) in debt finance facilities for its expansion programs. The syndicated debt finance facilities are to be provided under a binding Heads of Agreement with Chimaera Capital Management. The terms of the debt facility provide for early drawdown of up to US$20m under an initial [...]
