It’s been a fairly long wait, but Talga Group (ASX:TLG) has finally pocketed full permits for its Nunasvaara South graphite project after the Swedish government this week dismissed all outstanding appeals against the mine.
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With the way now finally clear – the relevant Exploitation Concession is now in force – Talga Group plans to spin up its vertically integrated graphite supply chain at the Vittangi mine and its Luleå anode refinery as soon as possible.
Once up, Talga will produce 19,500 tonnes of lithium-ion battery anode material a year.
That output will go towards building electric vehicles, Swedish-designed battery energy storage systems, and bolstering electric-focused defence markets.
(Talga already has buyers, too, thanks to a Nyobolt deal signed last month.)
“This permit success validates years of dedication,” Talga founder Mark Thompson said after the June appeal news. “It reflects Talga’s rigorous environmental and operational planning, with over a decade of comprehensive studies, stakeholder engagement, and adherence to Sweden’s stringent regulations.”
“We are now well-positioned to execute our strategy of delivering sustainable, high-performance anode materials to the global battery market.”
Helping that goal is the €70M grant Talga has also banked from the EU Innovation Fund.
Talga’s Swedish outfit has also been designated as a “strategic project” under the European Commission’s Critical Raw Minerals Act and Net-Zero Industry Act. These were originally confirmed in March and April, respectively.
And, the project is being welcomed by Swedish powerbrokers with open arms; Business and Industry Minister Ebba Busch has long praised the working relationship.
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“The graphite Talga plans to produce is a key material in battery manufacturing and the green transition to a fossil-fuel-free society,” Mr Busch said, adding it would help Sweden “remain a strong player in global mineral politics.”
TLG is selling at 46.5cps after already jumping +16.2% at open.
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