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- Syrah Resources (SYR) has completed the furnace installation at its Active Anode Material Project in Vidalia, Louisiana
- Now the furnace has been installed, the company can undertake active anode material (AAM) production using graphite from its Balama Graphite Operation in Mozambique
- Once the natural graphite has been transported from Balama to Vidalia, it is shaped into a sphere and then purified to produce an anode precursor material
- This precursor is then coated and heat treated to produce a finished AAM which is then used as the negative electrode in lithium-ion batteries
- Syrah is now in the process of designing an expansion to Vidalia with a final investment decision planned for the construction of a 10,000-tonne-per-annum facility
- Shares in Syrah are down 2.59 per cent and are trading at $1.13
Syrah Resources (SYR) has completed the furnace installation at its Active Anode Material Project in Vidalia, Louisiana.
Now that the furnace has been installed, Syrah can undertake active anode material (AAM) production using natural graphite from its Balama Graphite Operation in Mozambique.
Furthermore, it forms part of Syrah’s aim of becoming the first vertical integrated producer of natural graphite AAM outside of China.
Once the natural graphite concentrate has been transported from Balama to Vidalia, it is shaped into a sphere and then purified to produce an anode precursor material.
This precursor is then coated and heat treated to produce a finished AAM.
Anode materials release electrons to the external circuit during electrochemical reaction and comprise the negative electrode in lithium-ion batteries.
“In our view, this milestone further positions Syrah as the most progresses ex-China option for vertically integrated supply of natural graphite AAM for USA and European battery makers and original equipment manufacturers,” CEO and Managing Director Shaun Verner said.
“We have been very encouraged by initial feedback from in-progress product testing and qualification processes. Syrah remains on track to become an important supplier of natural graphite AAM to ex-Asia markets,” he added.
Syrah is now in the process of designing an expansion to Vidalia with a final investment decision planned for the construction of a 10,000-tonne-per-annum AAM facility.
Shares in Syrah are down 2.59 per cent and are trading at $1.13 at 12:07 pm AEDT.
