THE BOURSE WHISPERER: Metals of Africa (ASX: MTA) has agreed with a number of parties to jointly acquire a micronizing and spheronizing mill to produce spherical graphite in the United States as part of a battery production and testing facility.
MTA explained the production of spherical graphite is a critical step in the production of anodeready material that is used in Lithium Ion batteries.
The company’s partners in this collaborative initiative are:
Elcora Advanced Materials Corp (TSXV: ERA);
Northern Graphite Corporation (TSXV: NGC);
Nouveau Monde Mining Enterprises Inc. (TSXV: NOU);
Coulometrics LLC; and
A private industry partner.
MTA said the purchase of this mill will enable it, and its project partners, to produce and test Coated Spherical Purified Graphite (C-SPG) from ‘end-to-end’ within North America, using flake graphite concentrate to be produced at the MTA’s Montepuez Central and Balama Central graphite projects in Mozambique.
C-SPG is processed into battery ready anode material for end users.
The mill will enable MTA to supply lithium-ion battery manufacturers with a fully qualified test product that can be traced 100 per cent back to its source, providing vital technical verification on the material and other key supply chain metrics such as environmental best-practice, which is currently being legislated in the US and Europe.
“We were selected to participate in the development of a next generation graphite facility, tasked to produce high yield battery grade spherical graphite that can provide significant cost savings and reduced environmental impact,” Metals of Africa managing director Cherie Leeden said in the company’s announcement to the Australian Securities Exchange.
“We look forward to being a key contributor to the initiative via test material from our superior graphite.”