Atrum Coal NL (ASX:ATU)
has announced it has entered into a non-binding MoU in relation to the sale of its specialized carbon products.
The MoU with a European manufacturer and supplier comes as Atrum prepares for the first production of anthracite from its Groundhog North Mining Complex in British Columbia, Canada.
VP of Marketing and Business Development, Peter Doyle, has indicated the MoU is the second leg of its market entry plan, building on its traditional steel markets for anthracite.
The company is also investigating the potential of its high grade anthracite as a feedstock for synthetic graphite, a highly sought after material in the production of Lithium ion batteries.
Atrum Coal NL reported a net loss of $5.6 million at 31 December 2015.