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- 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
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.
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.
Bill Johnston MLA, Minister for Mines and Petroleum; Energy; Industrial Relations announces EcoGraf as part of McGowan Government’s Future Battery Industry taskforce.
Increasing interest in direct resource-related business relations (investments, offtake agreements, joint ventures) between Australia and Germany.
Rockingham is set to house a multi-million-dollar downstream processing facility supporting Western Australia’s growing battery minerals industry, with the signing of an agreement between DevelopmentWA and EcoGraf.
Minister Karen Andrews MP, Minister for Industry, Science and Technology releases the ‘make it happen’ video. Working together is the solution to secure global EV & battery manufacturers to support responsibly produced critical mineral manufacturing & value added industries in Australia.
EcoGraf Limited, Perth, Australia, and Untergriesbach, Germany, (ASX: EGR) has signed a Memorandum of Understanding (MoU) with SungEel Hitech Co. Ltd to evaluate the EcoGrafTM proprietary purification process to recover and re-usehigh-purity battery carbon anode material from production scrap and ‘black mass’ from lithium-ion battery materials produced at their South Korean plant.