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Companies in advanced stages of development to benefit

EcoGraf (ASX:EGR) is the only graphite stock looking to take advantage of oncoming graphite demand with three standalone businesses – mining, processing, and recycling.

Using its HFfree purification technology, EGR plans to upgrade flake graphite to produce 99.95% battery anode material at its Product Qualification Facility (PQF) in Western Australia, which is expected to be commissioned in the first quarter of ’24.

The facility, jointly funded through the Commonwealth Government’s $48.8m critical minerals development program, will be the first of its kind outside China and will source high-purity graphite feedstock from the long-life Epanko graphite project in Tanzania. The company’s been around well before the last graphite boom went bust in 2017.

EGR managing director Andrew Spinks believes it’s been a long time coming but the graphite market is finally at a turning point.