Under the initial five year deal, the buyer will purchase the material that StratMin will produce within a pre-determined product specification.

StratMin will benefit from technical expertise of the buyer, which agreed to share graphite marketing information and its processing expertise.

StratMin managing director Manoli Yannaghas said: "Securing this initial five year offtake agreement demonstrates confidence in the quality and potential of StratMin’s product and operations from an established graphite processing and trading company.

"This is very big step forward for StratMin, as the first AIM-listed graphite producer, and now supplier, we look forward to fulfilling this contract and building a promising future for the company."

The partnership will allow StratMin to strengthen its capabilities to produce and market a world class graphite product.

StratMin is a graphite production and exploration company with assets in Madagascar.