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Talga Group (ASX:TLG) successfully commissions first EVA plant in Sweden

ASX News, Materials
ASX:TLG      MCAP $267.7M
31 March 2022 11:16 (AEST)

Lulea Anode Plant. Source: Talga Group

Battery and advanced materials company Talga Group (TLG) has successfully commissioned its first electric vehicle anode (EVA) qualification plant in Luleå, Sweden.

The EVA is understood to be Europe’s first lithium-ion (Li-on) battery anode plant and will produce large scale commercial samples of Talga’s coated active anode material for battery customer qualification.

“With demand for clean graphite anode rising, Talga’s EVA plant is an important step in the journey for the establishment of a European EV and battery supply chain,” said Managing Director Mark Thompson.

The company said the plant will be officially launching at an event on April 1 which will be attended by customers, government officials and local stakeholders.

A community open day will be held on April 2.

Plant production stages includes shaping and coating to produce Talga’s flagship Li-ion battery anode, Talnode-C.

The anode production process will use purified graphite concentrate from Talga’s wholly-owned Vittangi graphite project in Sweden, in line with the Talga’s vertically integrated business model.

Large scale commercial testing is said to be a critical stage in the EV customer procurement process for active anode material.

The EVA plant represents an integral step in scaling up Talga’s vertically integrated mine-to-anode business and provides the company with a unique advantage in the fast-growing European Li-ion battery supply chain.

TLG shares were up 14.7 per cent to $1.64 as of 10:51 am AEDT.

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