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Talga Group Ltd (ASX:TLG) continues to underline the value of its Vittangi graphite anode project in Sweden, signing a binding offtake agreement with Nyobolt – a company known for pioneering ultra-fast battery charging technologies – for supply of its Talnode -C anode.
In April, the European Union designated Vittangi as a strategic net-zero project, and this agreement adds to this, with Nyobolt confirming Talnode-C as a valid feedstock for its proprietary fast-charging battery technology.
Under the terms of the agreement, Nyobolt will commit to buying around 3,000 tonnes of Talnode -C at a fixed price over 4 years – beginning on 13 May 2025, and with the initial supply coming from Talga’s Electric Vehicle Anode (EVA) demonstration plant in Luleå.
The rest will be taken from the commercial Anode Refinery in Luleå, planned for construction to commence in 2026 subject to FID (final investment decision).
The systems developed by Nyobolt are being applied to an increasing number of settings, including high-performance and heavy-duty vehicles, AI warehouses and data centres. Establishing strong supply chains to facilitate this is an increasing priority, with the company securing more than $150 million in contract value.
Talga Group CEO Martin Phillips said this was another breakthrough step in development of the Vittangi project and its valuation.
“This Agreement marks a significant milestone in Talga’s mission to deliver sustainable, high-power anode materials to the global battery market,” he said.
“The Agreement also underpins the start of commercial sales, and follows extensive qualification and validation in exciting high-power applications that are subject to high growth market demand.”
Talga shares have shifted up since the news, and at 11:36 AEST, they were trading at 47.5 cents – a rise of 9.2% since the market opened.
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