DGAP-News: EcoGraf Limited: Funding for Expansion of Battery Anode Material Facility
EcoGraf Limited ("EcoGraf" or the "Company") (ASX: EGR; FSE: FMK; OTCQX: ECGFF) is pleased to provide an update on funding arrangements for the development and expansion of its Battery Anode Material Facility in Western Australia.
- EcoGraf Limited ("EcoGraf" or the "Company") (ASX: EGR; FSE: FMK; OTCQX: ECGFF) is pleased to provide an update on funding arrangements for the development and expansion of its Battery Anode Material Facility in Western Australia.
- The new state-of-the-art facility will produce high purity battery anode material using the Company's proprietary EcoGraf(TM) HFfree purification process for export to battery markets in Asia, Europe and North America.
- The initial construction timeframe for the 5,000tpa commercial scale facility is 11 months, followed by commissioning and final product qualification.
- This is an important milestone in the Company's development plans for the new EcoGraf(TM) Battery Anode Material Facility, which will be the first of its type globally, providing battery and electric vehicle manufacturers with sustainably produced, high performance battery anode material for lithium-ion batteries and EcoGraf is pleased to be actively supporting Australia's Critical Minerals Strategy for the transition to clean energy.