EcoGraf’s proposed processing facility. Source: EcoGraf
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Battery anode material (BAM) business EcoGraf (EGR) makes progress at its lithium-ion facility in the Kwinana-Rockingham industrial zone of WA 
  • The company finalises equipment selection and noise and air approvals
  • EGR commences the procurement process for long lead equipment and expands its project delivery team
  • The facility will reportedly be the first of its type globally as it recovers battery-grade graphite without the use of hydrofluoric acid (HF), a highly corrosive and toxic chemical
  • Shares in EcoGraf were trading 8.46 per cent higher at 70.5 cents

Battery anode material (BAM) business EcoGraf (EGR) has made progress on its lithium-ion facility in the Kwinana-Rockingham industrial zone of Western Australia.

EGR has completed process vendor equipment test work at the facility which has confirmed suitability, resulting in final equipment selection and equipment guarantees.

The company has also finalised regulatory permitting and approvals studies covering noise, air and bushfire management that support regulatory submissions. The approval process began in October last year.

Thirdly, EcoGraf has commenced the procurement process for key overseas long lead equipment, enabling delivery program compression. This includes equipment related to the battery supply chain such as mechanical shaping equipment.

Lastly, EGR has expanded its project delivery team to manage key supply contracts, site services, utilities, and operational readiness aspects such as logistics and reagents.

The company remains focused on stage one development, with engineering continuing to optimise and incorporate new product lines for the expanded 20 thousand tonnes per annum (tpa) facility.

The facility will reportedly be the first of its type globally as it recovers battery-grade graphite without the use of hydrofluoric acid (HF), a highly corrosive and toxic chemical.  

With the use of the patent-pending HFfree purification technology, the facility will export high-quality, sustainably-produced BAM products to anode, lithium-ion battery and electric vehicle markets.

Shares in EcoGraf were trading 8.46 per cent higher at 70.5 cents.

EGR by the numbers
More From The Market Online
The Market Online Video

Market Close: ASX200 takes a slide into the weekend

The ASX200 shed 0.85% today – with every sector – except materials, losing ground. IT stocks…

Week 20 Wrap: EU-to-China cargoes up 12% YTD; US CPI tame

US inflation was the biggest data drop of the week; Anglo American is restructuring to fend…
The Market Online Video

Market Update: ASX dips with only materials afloat

The ASX is down nearly half a per cent - on par with future's predictions -…

Patagonia grows portfolio of REE and lithium-focused territory with exploration grants

Patagonia Lithium Ltd has been granted an additional 15 exploration licences in Argentina where it is…