- Triton Minerals (TON) has joined the European Battery Alliance (EBA)
- Launched by the European Commission in 2017, the EBA aims to create a competitive and sustainable European battery industry by 2025
- Triton’s membership will give the company access to a network of key industry players across the entire battery value chain
- TON Interim CEO David Edwards says Europe is a significant future market for electric vehicles
- Triton Minerals shares last traded at 3.8 cents each
Triton Minerals (TON) has joined the European Battery Alliance (EBA).
Launched by the European Commission in 2017, the EBA aims to create a competitive and sustainable European battery industry by 2025.
Among its objectives, the alliance is focussed on making and supporting new markets for batteries, as well as initiatives to support sustainable solutions for power, transport, and industry in line with the European Union’s climate goals.
TON says the company’s membership will give Triton access to a network of key industry players across the entire battery value chain.
Triton Minerals Interim CEO David Edwards commented on the move.
“Triton’s graphite is ideally suited to the battery markets and it is fundamental that the company builds partnerships within Europe, a significant future market for electric vehicles,” he said.
“The EBA provides access to a network of more than 600 stakeholders from the public and private sectors covering the entire supply chain and provides the Company with access to capital as well as business development opportunities.”
According to Triton, the EBA estimates that the battery industry will be worth €250 billion (roughly A$389 billion) per annum by 2025.
Triton Minerals shares last traded at 3.8 cents on April 28.