At the meeting, the MSP partners confirmed they are working to advance the following projects that have a high potential to contribute to the development of responsible critical mineral supply chains, demonstrate high ESG standards, facilitate the global energy transition, and are collaborating with relevant governmental or financial agencies of MSP partners:
Across the 23 MSP projects.
16 projects involve upstream mining and mineral extraction, 7 involve midstream processing, and 7 involve recycling and recovery.
The projects cover cobalt, copper, gallium, germanium, graphite, lithium, manganese, nickel, and rare earth elements.
6 project sites in the Americas, 5 project sites in Europe, 13 project sites in Africa, 3 project sites in the Asia-Pacific region.
Notable milestones were achieved for the following projects:
EcoGraf Epanko Graphite Project: Australian-based EcoGraf has authorized German-based KfW IPEX-Bank to arrange a senior debt facility of up to USD 105 million for the development of the Epanko Graphite Project in Tanzania. The German government has confirmed, in principle, the eligibility of the Epanko project for the Untied Loan Guarantee (UFK) scheme, which is contingent on the support of German off-takers for the initial phase of the project, which is expected to produce 73,000 tons per year of graphite. The loan from KfW IPEX-Bank, subject to satisfactory due diligence and credit approvals, offers favorable terms and reflects the strategic importance of the project. EcoGraf is building a vertically integrated battery anode materials business to produce high-purity graphite products for the lithium-ion battery and advanced manufacturing markets. EcoGraf’s commitment to high ESG standards, in compliance with the Equator Principles, has been a key factor in securing this financing.
EGR Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
