EGR - EcoGraf Limited

[Dona Ferentes]

while we were asleep

 

[Dona Ferentes]

Seem to have Market Sensitive Announcements every second day. The most recent seeing the company starting detailed engineering work for its new battery facility in WA. The design and engineering work for the battery facility has been awarded to GR Engineering (GNG) and EcoGraf’s plant is claimed to be the the first spherical graphite plant of its kind outside of China.

“This new facility will be important in meeting the growing global demand for high quality battery related products and GR Engineering is excited to be part of this new Western Australian based industry,” GR Engineering Services managing director, Geoff Jones, said.

The WA processing facility will use EcoGraf’s trade-marked purification technology to deliver high quality and sustainably-produced battery anode products to EV lithium-ion battery and anode manufacturers. An advantage of the EcoGraf technology is its elimination of toxic hydrofluoric acid, providing customers with HF free battery products that can be recycled.

The company has undertaken extensive testing of its battery anodes to validate their quality and performance. Its graphite battery anodes recently passed European Union test standards for battery recycling.

Battery graphite business summary
Establishing the world's first commercial battery graphite purification facility outside of China
Initial commercial production plant commencing at 5,000tpa, expanding to 20,000tpa
.. EcoGraf™ proprietary purification process eliminates use of toxic hydrofluoric acid
.. Feasibility, engineering design and costing studies completed by GR Engineering Services
.. Three years of pilot plant test work undertaken in Germany:
.. Successful application of EcoGrafTM purification process to a range of global feedstock supplies
.. Feedstock agreement with leading German trading group TECHNOGRAFIT GmbH
.. Extensive product testing completed and long-term sales via thyssenkrupp AG
.. Progressing financing with Australian Government for US$35 million debt facility
.. Finalising construction, operations and maintenance arrangements

 

[frugal.rock]

Hmmm, a quick look tells me I failed in my processes, as I didn't have this in a watchlist even though I posted about it in September....
Grrrr.
It's in one now, thanks Dona.

 

[Dona Ferentes]

Hmmm, a quick look tells me I failed in my processes, as I didn't have this in a watchlist even though I posted about it in September....
Grrrr.

yeah, I remember the old Kibran KNL and how hopeless they were, a mini SYR back when. And that is an issue to overcome.

Graphite, especially spherical graphite, got so much hype. But the Europeans are throwing money behind EV and Battery development, especially if 'eco-friendly' or 'zero-Carbon' or other such pithy labels are attached.

And now,

EGR is pleased to provide an update regarding international trading through its secondary listing on the Frankfurt Stock Exchange under code “FMK”. The listing provides valuable exposure for the Company to European investors and EcoGraf has observed increased investment through the Frankfurt Stock Exchange over the past month with the JP Morgan Nominees holding account for the European platform increasing from 12.5% to over 19.6% of the Company’s issued capital.

This increased trading activity is considered to be in response to the recent announcements from the EU Commission foreshadowing new legislation to require greater recycling, visibility, and traceability of raw materials within the electric vehicle (‘EV’) supply chain. An aspiration fully consistent with the Company’s vertically integrated eco-friendly battery anode materials and recycling business for the lithium-ion battery markets. As a result, EcoGraf is expanding its investor services to shareholders and investors in Europe and is also pursuing further international investor exposure by investigating potential trading on the ‘Over the Counter’ Market (OTC) in the United States.

 

[Dona Ferentes]

and a well timed and not unexpected TH ... pending the release of an announcement regarding a capital raising.

 

[Dark1975]

Good news for EGR , after hours 5.30pm today becoming a substantial holder "JP morgan _ citi / HSBC
Pls note : will disclose i hold these shares in my portfolio.

 

[Captain_Chaza]

The Chart seems to have consolidated and her Vertical operations in the Battery Industry will become LEGENDARY
I feel
That is why I have hoisted her for the 2022 comp

 

[frugal.rock]

Chart update

 

[Dona Ferentes]

And now

Tanzania signs $667 mln deals for rare earth and graphite projects

Tanzania on Monday signed agreements worth $667 million with three Australian companies to mine rare earth minerals and graphite, part of the president's drive to fast-track negotiations on long-pending mining and energy projects.

www.reuters.com