EcoGraf in the Media
STUART MCKINNON: EcoGraf has locked in $54.6 million in a placement, completing the funding puzzle for its proposed graphite refinery at Kwinana.
- EcoGraf (EGR) has received promising results from a test run of its proprietary carbon purification process
- During a recent testwork program, carbon was recovered at more than 99.95 per cent purity
- The process aims to recover carbon anode material from production waste generated during the manufacture of lithium-ion batteries
- EcoGraf called the results “outstanding”, as the recovered carbon meets the purity levels required for re-use as battery-grade graphite
- EcoGraf is up 12.5 per cent and is trading at 45 cents per share
Now fully funded, EcoGraf inches closer to completing the construction of its commercial-scale battery anode material facility. EcoGraf Limited (ASX:EGR) has received firm commitments to raise $54.6 million via a share placement to investors at $0.06, the WA-based graphite company announced earlier today.
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.’
WA Minister for Mines and Energy, Hon Mr Bill Johnston provided the keynote speech at the opening of the Benchmark conference and highlighted EcoGraf’s development.
The taskforce is comprised of mining companies, industry bodies and union groups, including Albemarle Lithium, the Australian Manufacturing Workers’ Union, the Chamber of Minerals and Energy WA, EcoGraf, Tianqi Lithium Australia, BHP Nickel West and the Lynas Corporation, to name a few.
Bill Johnston MLA, Minister for Mines and Petroleum; Energy; Industrial Relations announces EcoGraf as part of McGowan Government’s Future Battery Industry taskforce.
EcoGraf is building a vertically integrated graphite business positioned to support the global transition to clean energy and e-mobility
The Australian graphite company EcoGraf Ltd. ( ASX EGR ) is making great strides towards becoming the first battery graphite producer outside of China.The already great interest in the market, as Managing Director Andrew Spinks explained in an interview, is reinforced by the fact that the production process developed by EcoGraf is much more environmentally friendly than the method used in China.
Increasing interest in direct resource-related business relations (investments, offtake agreements, joint ventures) between Australia and Germany.
Below is a summary map by the
German-Australian Chamber of Industry and Commerce
