Armadale signs MoU with Chinese company for graphite offtake

Aim-listed Armadale Capital has signed a memorandum of understanding (MoU) for a proposed offtake agreement with CoolRU Information Technology, a China-based technology company, for high-quality graphite products produced at the company’s Mahenge Liandu project, in Tanzania. The MoU is for the proposed offtake of 5 000 t/y of graphite concentrate produced at Mahenge.