Metals of Africa Ltd.: Acquires Spherical Graphite Mill to Develop Anode Ready Material in the USA
30.03.2016 | ABN Newswire
Metals of Africa Ltd. (ASX:MTA) is pleased to announce that it has agreed to jointly acquire a micronizing and spheronizing mill to produce spherical graphite in the USA as part of a battery production and testing facility.The production of spherical graphite is a critical step in the production of anode-ready material that is used in Lithium Ion batteries. This is a significant initiative which MTA is delighted to be a part of.
The Company's partners in this collaborative initiative are;
- Elcora Advanced Materials Corp. (CVE:ERA);
- Northern Graphite Corp. (CVE:NGC);
- Nouveau Monde Mining Enterprises Inc. (CVE:NOU);
- Coulometrics LLC; and
- A private industry partner.
Further details on the production and testing process and each participant are provided in the attached market release. The key terms relating to the mill acquisition are commercial in confidence.
The purchase of this mill will enable MTA 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 Company'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% 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.
Commenting on these developments, Ms Cherie Leeden Managing Director;
"This is an important and exciting next step for MTA and its stakeholders. 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. We look forward to being a key contributor to the initiative via test material from our superior graphite."
The Company will provide further details on the mill, on-going test work and production results as they become available.
To view the full release including the Elcora Advanced Materials Corp. announcement, please visit: http://abnnewswire.net/lnk/2021L158
About Metals of Africa Ltd:
Metals of Africa Ltd. (ASX:MTA) is a graphite focused exploration company, rapidly progressing towards development. MTA has successfully delineated two world class, high grade graphite resources in Mozambique, East Africa.
Contact:
Metals of Africa Ltd.
Cherie Leeden Managing Director
T: +61-8-9322-7600
E: admin@metalsofafrica.com.au
www.metalsofafrica.com.au
James Moses, Media and Investor Relations Mandate Corporate
T: +61-420-991-574
E: james@mandatecorporate.com.au