EcoGraf WA looks like it will be part Government funded.
Finance for Epanko, the remaining obstacle to secure finance was the agreement between the GOT and Barrick Gold that is now completed.
The question about Syr - I honestly this was not answered in the best way, wouldn't it have been to raise the issues SYR has had with producing graphite, they produce a significant amount of fines not course graphite that Epanko has proven can be produced by a bulk 200t sample.
Ecograph - I don't think Andrew really sold this to the Traxy Director. He should have been saying, EcoGraf has been successfully tested on 13 different feedstocks, the company is currently completing test work to determine which graphite feed is most suitable.
I really hope Andrew managed to get some time with ERZY ICHILOV (Traxy Managing Director)
Traxys with Pallinghurst have US$2 Billion available to invest into Battery materials.
With EGR looking at funding for both Epanko and EcoGraf AU - plus a capital raising, it would be a perfect time to discuss these significant companies entering into the company either as shareholders or helping out with finance.
Pallinghurst and Traxys to invest $2bn in battery materials
NOVEMBER 12 2019
Pallinghurst Group, the investment group chaired by former BHP boss Brian Gilbertson, have announced plans to invest up to $2bn in mining projects for battery materials, including copper and nickel. The Pallinghurst-Traxys Battery Materials joint venture will look to take controlling stakes in lithium, graphite and cobalt projects in developed countries and invest in associated facilities that process and improve ore. “The electric vehicle and energy storage revolution is gaining pace. The future demand for the critical battery grade materials is set for explosive growth,” said Arne Frandsen, co-founder of Pallinghurst. The launch comes as the Trump administration and other western countries seek to develop their own supply chains of responsibly sourced minerals critical to meet the boom in demand driven by electrification and green technologies. The companies will not be targeting investments in continents such as resource-rich Africa and Latin America through the venture but only projects in North America, Europe and Australasia. David Merriman, a battery metals analyst at Roskill, a consultancy, said “there has been a real focus on regional supply chains for more ethical reasons . . . but also due to a number of more economic and technical benefits.” Under the deal, Pallinghurst will identify and manage projects, while Traxys will help to market and deliver the minerals to end users. This will allow Traxys to broaden the range of materials it supplies to battery manufacturers, which is currently limited to cobalt, copper and nickel. Pallinghurst had already pledged $1bn in July to develop projects to extract battery metals and the most recent deal sees Traxys matching the investment fund’s commitment. Mr Merriman said it is a good time to invest as the market capitalisation of projects to extract raw materials for batteries have “dropped to more reasonable levels” after a wave of investor excitement. The London investor has acquired about 20 per cent in Nouveau Monde Graphite, which is developing the Matawinie graphite project near Montreal. It is engaged in exclusive negotiations until the end of the year with Nemaska Lithium, a venture backed by Japan’s SoftBank that hopes to develop a lithium project in Quebec, for a C$600m ($452m) investment that would enable the miner to complete construction of its lithium mine.
EGR Price at posting:
7.7¢ Sentiment: Buy Disclosure: Held
(20min delay)