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EGR: QUARTERLY ACTIVITIES AND CASHFLOW REPORTApril 30th, 2021
Successful institutional placement to accelerate construction.
- Completion of successful capital raising of A$54.6 million, with cornerstone investments from North American, German and Australian institutional investors.
- Capital raising fully funds the Company to complete construction and commissioning of commercial operations at the new EcoGraf™ Battery Anode Material Facility, based on an initial production of 5,000 tonnes per annum before expanding to 20,000 tonnes per annum.
Australian Battery Anode Material Facility.
- Completed due diligence documentation for debt financing process.
- GR Engineering Services Limited (“GR Engineering”) commenced pre-construction works for the detailed engineering design for the new 20,000tonnes per annum facility.
- Major Project Status approved by Australian Government with endorsement from Government Ministers.
European Battery Anode Material Facility.
- Initial planning and site selection activities conducted on several locations in Europe for a second facility to support additional forecast demand.
- Australian and European facilities expected to collectively produce 40,000 tonnes of battery anode material per year.
Battery recycling programs advanced with battery industry participants in Australia, Asia and Europe.
- Anode recycling program delivers outstanding results confirming the opportunity for the EcoGraf™ proprietary purification technology to support the global expansion of lithium-ion battery recycling operations.
- GR Engineering initiates engineering design for recycling modular pilot plant.
- SungEel and EcoGraf agree to extend recycling co-operation to include a tailored EcoGraf™ recycling process in proposed new South Korean and European recycling plants.
- EU Commission announces sweeping legislative changes to increase battery recycling, with targets increased to 65% by 2025 and 70% by 2030.
Epanko debt financing and development.
- New Tanzanian President, Her Excellency Samia Suluhu Hassan initiating positive industry changes and a renewed focus on attracting increased foreign investment.
- Encouraging progress to secure Tanzanian Government approval of the US$60 million debt financing proposal submitted for the construction of the new Epanko Graphite Mine.
- Enhancement program commenced to support sector leading ESG credentials.
Corporate
Board strengthened with Mr Howard Rae appointed as Executive Director-Finance.
Completed submission for listing of EcoGraf shares on the OTC market in the United States of America.
EGR: SUNGEEL HITECH LIB RECYCLING UPDATEMarch 16th, 2021
Based on the positive progress, SungEel has agreed to collaborate with Ecograf on battery recycling and to include a tailored EcoGraf™ recycling process to recover the carbon anode materials in their proposed new recycling plants in Europe and South Korea.
EGR: POSITIVE RESPONSE TO PROPOSED US$60M EPANKO DEBT FINANCINGMarch 10th, 2021
EcoGraf Limited is pleased to report encouraging progress to secure Tanzanian Government approval for the KfW IPEX-Bank US$60million Epanko Graphite Mine debt financing proposal. KfW IPEX-Bank is part of KfW, the development bank of the Federal Republic of Germany and one of the world’s largest development financiers.
EGR: MAJOR PROJECT STATUS APPROVED BY AUSTRALIAN GOVERNMENTMarch 5th, 2021
EcoGraf Limited is pleased to report that the Australian Government has approved Major Project Status for EcoGraf’s Battery Anode Material Facility in Western Australia.
EGR: EUROPEAN BATTERY ANODE MATERIALS FACILITYFebruary 25th, 2021
EcoGraf has been for some time evaluating the placement of a second battery graphite production facility in Europe to cater specifically to growth in demand in Europe. It is envisaged that development work on this facility would commence following successful completion of stage one of the Australian facility and will utilise the same engineering design to produce 20,000tpa of battery graphite.
EGR: EGR SUCCESSFULLY COMPLETES A$54.6M INSTITUTIONAL PLACEMENTFebruary 12th, 2021
Firm commitments received to raise A$54.6 million, with cornerstone investments from North American, German and Australian institutional investors.
Strong institutional investor interest highlights EcoGraf’s superior, environmentally responsible purification technology, providing customers with sustainably produced battery anode materials.
EcoGraf is now fully funded to complete phase one construction of its Australian commercial-scale battery anode material purification facility.
EGR: ENGINEERING COMMENCES FOR CONSTRUCTION OF PROCESS FACILITYFebruary 8th, 2021
EcoGraf Limited is pleased to announce that it has authorised GR Engineering Services Limited to undertake works for the detailed engineering design for the construction of its new 20,000tpa battery graphite facility in Western Australia.
EGR: OUTSTANDING RESULT ACHIEVED FOR MAJOR EV MANUFACTURERFebruary 1st, 2021
EcoGraf Limited is pleased to announce the outcome of a recent testwork program utilising the Company’s ‘HF free’ proprietary purification process to recover carbon anode material from production waste generated during the manufactureof lithium-ion batteries. Outstanding results of >99.95% carbon purity achieved during the recycling program which confirms the effectiveness of the EcoGraf™ process in recovering graphite anode material to the specification required for re-use in lithium-ion batteries for electric vehicles.
EGR: QUARTERLY ACTIVITIES AND CASHFLOW REPORTJanuary 29th, 2021
Western Australia (WA) battery graphite manufacturing facility.
- Development report and updated financial model for the new HF free manufacturing facility released as part of financing and construction early works programs.
- EPC and early works program progressing with GR Engineering.
- EcoGraf appointed to Future Battery Industry Ministerial Taskforce.
Battery recycling programs continued with a range of battery industry participants in Australia, Asia and Europe.
- Positive results of up to 99.8% carbon achieved during testing with potential European customers on the recovery of high purity carbon anode material from battery black mass.
- Engineering design commenced for a containerised pilot plant. Pilot plant to provide recovered carbon anode material for product qualification process.
- Results support development of a blended anode material product with EcoGraf’s high purity battery spherical graphite from its planned WA manufacturing facility, to provide a unique recycled anode material for the lithium-ion battery market.
- Reuse of the recovered carbon anode material has significant potential to assist EV and battery manufacturers lower battery costs and carbon emissions with further positive results expected shortly.
- Agreement with a leading lithium-ion battery recycler SungEel Hitech operating in South Korea.
- Recycling strategy is supported by new European Union Commission legislative changes requiring higher levels of battery recycling to be achieved, with targets increased to 65% by 2025 and 70% by 2030.
Epanko debt financing.
- Further meetings held with Tanzanian Government to advance the US$60 million debt financing proposal submitted to the Government of Tanzania for the construction of the new Epanko Graphite Mine.
- Tanzanian Presidential election held on the 28th of October with President Magufuli winning a second term and announcing intention to remove investment hurdles to support increased foreign investment.
EGR: FURTHER POSITIVE RESULTS - RECYCLED LI-ION BATTERY MATERIALSNovember 30th, 2020
Positive results of up to 99.8% carbon achieved during testing with potential European customers on the recovery of high purity carbon anode material from battery black mass.
Engineering design commenced for a containerised pilot plant.
Funding for pilot plant to be sourced through the Company’s RnD programs and collaboration with potential customers.
Pilot plant to provide recovered carbon anode material for product qualification process, focussed on re-use of graphite in lithium-ion batteries and specialised industrial carbon products.
Opportunity to blend its high purity battery spherical graphite from its planned WA manufacturing facility to provide a unique recycled anode material to the lithium-ion battery market.
EGR: COMPLETION OF ECOGRAF PROCESSING FACILITY DEVELOPMENT REPORTNovember 5th, 2020
World’s first purified spherical graphite processing facility outside of China at a time when electric vehicle, battery and anode producers are actively seeking to diversify battery mineral supply chains.
High growth battery graphite market forecast by Benchmark Mineral Intelligence to expand by an annual growth rate of 31.5% over the next decade and reach 1.2 million tonnes per annum by 2030.
Proprietary EcoGrafTM purification processing technology provides competitive advantages through environmental sustainability, product quality and low cost with patent pending and trademarks registered.
Financial modelling shows strong economic returns, with an equity NPV of US$317m, equity IRR of 42.4% and payback period of 3.3 years.
Conservative development schedule provides opportunity for capital savings through scheduling and procurement strategies, with GR Engineering to undertake an optimisation process during the construction early works program.
Recycling application of the EcoGrafTM purification process to recover high purity carbon anode material from lithium-ion battery production waste and recycled batteries, provides the opportunity to assist anode and battery manufacturers reduce production costs, lower carbon emissions and progress towards closed- Ioop manufacturing processes.
EGR: QUARTERLY ACTIVITIES AND CASHFLOW REPORTOctober 30th, 2020
The Company made significant progress during quarter on all key business areas.
Western Australia (WA) battery graphite manufacturing facility
- Preparation of a development report and updated financial model for the new facility as part of funding and project implementation programs, with final peer review in progress and key outcomes expected to be released shortly.
- EPC and early works program progressing with GR Engineering.
- 6.7ha site secured and announced on site by Western Australian Premier Mark McGowan and Minister Bill Johnston.
- EcoGraf featured in Australian Federal Government’s recently established Critical Minerals Facilitation Office inaugural report, Department of industry, Science, Energy & Resources case study series and CSIRO latest report which provides the foundation for new battery industries in Australia.
- Further lithium-ion battery electrochemical results demonstrate the importance of battery graphite crystallinity, which has a direct effect on battery performance factors.
Battery recycling programs continued with a range of battery industry participants in Australia, Asia and Europe
- Testwork programs focussed on recovery of carbon anode material:
- Production anode waste generated during the manufacture of lithium-ion batteries.
- Black mass material remaining from recycled lithium-ion batteries after hydrometallurgical process have recovered the cathode metals.
- Significant results achieved for both production anode waste and black mass materials.
- Reuse of the recovered carbon anode material has significant potential to assist EV and battery manufacturers lower battery costs and carbon emissions.
- Agreement with a leading lithium-ion battery recycler located in South Korea to evaluate the EcoGraf proprietary process.
- World Bank report highlights importance of recycling to support the transition to renewable energy, with Bloomberg forecasting recycling market to be worth US$18 billion by 2030.
Epanko debt financing
- Further meetings held with Tanzanian Government to advance the US$60 million debt financing proposal submitted to the Government of Tanzania for the construction of the new Epanko Graphite Mine.
- Tanzanian Presidential election was held on the 28th October
EGR: AGREEMENT WITH LEADING SOUTH KOREAN LI-ION BATTERY RECYCLEROctober 12th, 2020
EcoGraf Limited is pleased to announce it has signed a Memorandum of Understanding with SungEel Hitech Co. Ltd to evaluate the EcoGraf proprietary purification process to recover and re-use high-purity battery carbon anode material from production scrap and ‘black mass’ from lithium-ion battery materials produced at their South Korean plant.
EGR: ECOGRAF SECURES WA GOVERNMENT SUPPORT WITH 6.7HA SITESeptember 28th, 2020
EcoGraf (Australia) Limited is pleased to announce it has executed an agreement with the Western Australian Land Authority (DevelopmentWA) over a 6.7ha site in the highly sought-after Kwinana-Rockingham Industrial Area, located 30km’s south of Perth.
