Acquires Spherical Graphite Mill to Develop Anode Ready Material in the USA
Perth, Mar 30, 2016 AEST (ABN Newswire) - Metals of Africa Limited (
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 Corporation (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 Battery Minerals Ltd
Metals of Africa Limited (ASX:BAT) formerly Metals of Africa Ltd, is an Australia-based company engaged in the mineral exploration and assessment of mineral projects. It is focused on developing its graphite projects at Montepuez Central and Balama Central, and the Kroussou lead-zinc project. It operates in mineral exploration within East Africa segment. It has completed drilling program at the Montepuez project. It also focuses on undertaking on-ground exploration program at the Kroussou lead-zinc project, including discovery of outcropping. It produces Graphene Oxide and Graphene from raw graphite at its Montepuez project. The Montepuez central project consists of various prospects, such as Buffalo, Lion and Elephant. The Balama Central project is located within Xixano Complex. It has discovered additional outcropping zinc and lead prospects, over a distance of approximately 50 kilometers. Its subsidiaries include Rio Mazowe Limited, Express Resources Pty Ltd and Index Resources Pty Ltd.
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