TON has signed a binding offtake agreement with German stationary company Staedtler to supply graphite for a box of 100 pencils. The offtake will be for TON's highest quality graphite flake and will be used for the Staedtler 2B pencil range.
"I'm very please to announce this offtake agreement with Staedtler. I think this is the best possible outcome given the current market and TON's position in the market. The board will certainly be toasting this achievement tonight. Thanks shareholders for your support." Brad Boyle
1 million shares will also be issued in a capital raising at the current market price to purchase an Aldi coffee machine later in the year for the office.
If you enjoy fluffy, nonsense announcements this is the stock for you.
DYOR IMO. I'm out.
Kym
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ANN: Binding Offtake Agreement signed
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