(3 minutes read)
Australian mining company Evolution Energy Minerals, which is developing its Chilalo Graphite Project in Tanzania, has executed strategic agreements with BTR New Material Group, the world’s largest producer of battery anode materials
Australian mining company Evolution Energy Minerals, which is developing its Chilalo Graphite Project in Tanzania, has executed strategic agreements with BTR New Material Group, the world’s largest producer of battery anode materials.
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The deals include a strategic investment, binding offtake agreement, and memorandum of understanding (MOU) to collaborate on downstream processing. Under the agreements, BTR will take a 9.9% stake in Evolution via an AUD 4.9 million placement and will also enter a binding offtake agreement for a 100% supply of fine flake graphite concentrate from Chilalo once operational. Around 90% of the project’s planned production is now under binding agreements.
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https://trendsnafrica.com/tanzania-uganda-in-ict-infrastructure-sharing-deal/
BTR has also agreed to participate in financing the development and construction of the Chilalo Project to help accelerate Evolution’s transition into an integrated battery anode material supplier.
