Ann: Talga produces Europe's first battery anode, page-98

In my opinion.

In March 2020, Talga announced a non-binding MoU with Mitsui & Co. Europe Plc to evaluate the Vittangi Anode Project, starting with the due diligence step. In May, another non-binding deal was announced with Farasis Energy Europe GmbH. Talga said that it would supply coated (‘active’) anode products for evaluation in Farasis batteries and assessment of potential business development opportunities.

The list of collaborators expanded in November 2020, with the news that Talga had entered into a non-binding tripartite Letter of Intent (“LOI”) with international high-tech mining and minerals group LKAB and Mitsui & Co. Europe Plc (“Mitsui”). Further, in a separate announcement on the same day, Talga advised that it had received a commitment for grant funding under the UK Government’s Automotive Transformation Fund to complete a preliminary feasibility study into the commercialization of Talga’s silicon anode product in the UK. Twenty days later Talga announced an MoU with global technology leader ABB to support the development and construction of Talga’s Vittangi Anode Project in northern Sweden. Under the MoU, ABB will utilize its industrial automation and electrification expertise to develop and coordinate an extensive suite of production control and process solutions for Talga’s vertically integrated lithium-ion battery anode operations. It seemed like everyone wanted to part of the action, but is the plan to build in the UK or in Sweden?