EcoGraf in the Media
Ecograf (ASX:EGR) is now positioned to accelerate construction of its commercial scale battery anode material purification facility in Western Australia after raising $54.6m through a placement of shares priced at 60c each.
EcoGraf Limited (ASX:EGR) announced today that is partnering with GR Engineering Services Limited (ASX:GNG) to undertake works for the detailed engineering design of its new processing facility – a 20,000tpa battery graphite facility – in Western Australia.
- GM has pledged to end production of carbon emitting vehicles by 2035
- Ecograf’s share price takes off as company confirms successful results for battery anode recycling process
- European Union tightens regulatory environment for battery recycling
WA-based graphite company EcoGraf Limited (ASX:EGR) announced today that it has produced “outstanding results” from a recent testwork program for the manufacture of lithium-ion batteries from recovered carbon anode materials.
EcoGraf Limited, Australia and Germany, has had a positive start to the year as it progresses its Western Australia battery graphite facility to development, Themarketherald.com.au reports.
- EcoGraf (EGR) has had a positive start to the year as it progresses its WA battery graphite facility to development
- During the recent quarter, the company submitted detailed development reports and engineering study information to Export Finance Australia
- EcoGraf will now finalise arrangements for the detailed engineering design and procurement programs in preparation for the construction
- Notably, the new battery graphite facility will be the company’s first facility and the first established outside of China
- On the market this morning, EcoGraf is up 7.69 per cent and trading at 42 cents per share
In Australia, EcoGraf (ASX:EGR) signed a $US98m $137.2m agreement with the WA government to build the first spherical graphite processing facility outside China, with construction set to begin in mid-2021.
As evidence you need look no further than Tesla (NDQ:TSLA), its rise to stock market success and how almost every other car manufacturer is racing to keep up.
Electric vehicle companies evade the ASX for now and there are only two pure-play battery tech firms in Lithium Australia (ASX:LIT) and EcoGraf (ASX:EGR) which haven’t seen Tesla-like growth yet.
A proposed U$60 million Epanko Graphite Mine in Ulanga District of Morogoro Region will operate under strict global environmental standards christened, ‘Equator Principles.’