Evion Group NL has secured its first binding sales commitment for the Maniry graphite project in southern Madagascar, executing a binding terms sheet with an established German graphite purchaser.
Under the initial five-year agreement, Evion will supply a minimum of 10,000 tonnes per annum of natural flake graphite concentrate, representing roughly 50,000 tonnes of contracted material over the term.
The committed volume accounts for approximately 26 per cent of Maniry’s Stage 1 annual production target of 39,000 tonnes.
The pricing structure incorporates market reference rates alongside a protective floor price linked directly to all-in production costs and debt service obligations. This floor pricing mechanism provides downside protection to underpin the long-term commercial viability of the project.
The deal fulfils a prerequisite for project financing and follows the grant of mining permits across all project areas in July.
Maniry is the only African graphite venture designated as a Strategic Project under the European Union’s Critical Raw Materials Act.
Evion Managing Director David Round said: “This is the first binding sales commitment in Maniry’s history, and it is the milestone that changes the conversation about this project.
“We now have secured tenure, European Union strategic recognition and a contracted European customer.”
“An established German buyer has assessed our product and committed to it on a binding basis for five years. That is independent validation of Maniry concentrate that no study can provide, and it is the foundation on which project financing discussions proceed.”
Evion has deliberately retained the remaining 74 per cent of Stage 1 output to support negotiations with prospective partners, additional offtake customers, and downstream processing ventures.
The company is now working on executing a definitive long-form offtake agreement within the next six months and advancing the remaining workstreams to reach a final investment decision for Maniry.
