Western Mining Network has signed a memorandum of understanding to acquire up to 51% in South Korean refined graphite and graphene carbon materials manufacturer Carbon Nano-Material Technology.

The acquisition is Western Mining’s first step in its long-term strategy to supplement its in-house technology and know-how with complementary third party technology and expertise in order to capture more of the carbon value chain. The alliance with WMN will both assure Carbon Nano-Material Technology of stable supplies of graphite and help it build its own manufacturing as well as research and development capacity. In turn WMN is extending its reach into the downstream sector and acquiring valuable technology and expertise to help it derive greater revenue and higher margins from its resource base rather than being merely a commodity supplier.

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