EcoGraf in the Media
The Australian Export Credit Agency is set to lend Ecograf (EGR) US$35 million to fund the expansion of its Battery Anode Material Facility in Western Australia.
The graphite company is on the way to opening to a new facility in Australia.
EcoGraf called the result a ‘significant achievement,’ with the purification process upgrading the test material to 99.98% carbon.
The hot interest in stocks operating in the lithium-ion battery supply chain propelled EGR shares 300% year-to-date.
The graphite company is on the way to opening to a new facility in Australia.
A key objective of the joint mechanical shaping program was to ensure the new EcoGraf Battery Anode Material Facility has maximum flexibility to efficiently produce a range of products to satisfy customer requirements.
EcoGraf (ASX:EGR) is one of only a few Aussie graphite stocks left standing strong after the last graphite boom went bust around 2017.
The company kept working hard. Now it’s perfectly primed to take advantage of this avalanche of projected demand with three standalone businesses – mining, processing and recycling.
Developed by EcoGraf Ltd. (West, Perth, Australia), the proprietary process not only produces high-purity graphite from mineral resources, but it also enables the recovery of high-grade graphite from end-of-life battery scrap materials.
EcoGraf Ltd‘s (ASX:EGR) proposed Kwinana Battery Anode Materials Facility has been granted major project status, which recognises the importance of the development and supports the Australian Government’s Critical Minerals Strategy and Western Australia’s Future Battery Industry Strategy.
More MPs have thrown their weight behind EcoGraf’s (EGR) Kwinana Battery Anode Materials Facility after it was awarded major project status by the Federal Government earlier this year.
PERTH (miningweekly.com) – ASX-listed EcoGraf’s battery anode materials facility, in Western Australia, has officially been awarded Major Project status by the federal government.
Perth-based battery material manufacturer EcoGraf has secured Major Project Status for its battery anode materials facility in Western Australia, paving the way for expedited government approvals.
EcoGraf Limited (ASX:EGR) has received Major Project Status (MPS) approval from the Australian Government for its battery anode materials facility in Western Australia, the graphite company announced today. MPS recognises the significance of the project towards the Government’s Critical Minerals Strategy and Western Australia’s Future Battery Industry Strategy.
The Australian Government has approved major project status for EcoGraf’s (EGR) battery anode material facility in WA.
The EcoGraf share price is on the move today as investors appear excited about the company’s progress. In its announcement, EcoGraf advised that the Australian government has approved Major Project Status for the company’s battery anode material facility.
The timing could not be any neater for EcoGraf (ASX:EGR) to receive Major Project Status for its planned battery anode material facility in Western Australia just a day after the Federal Government unveiled its critical minerals roadmap.
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.
