Evolution Energy highlights transformational deal with top battery anode producer
Melbourne, Victoria
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August 16, 2023 04:45 PM Eastern Daylight Time
Evolution Energy Minerals Ltd (ASX:EV1) MD Phil Hoskins speaks with Proactive following the news the company has executed a strategic investment agreement, a binding offtake agreement and an MoU for downstream collaboration with leading battery anode producer, BTR New Material Group Co., Ltd.
On completion of these transactions, Evolution will be positioned as a vertically integrated producer of lithium-ion battery anode materials using flake graphite from its Chilalo Graphite Project in Tanzania. As the global leader in the manufacture of lithium-ion battery anode materials, BTR brings commercially proven technology, unparalleled expertise in product qualification, a well-established marketing function and Tier 1 customer base.
Hoskins said: “The strategic placement, offtake agreement and MoU with BTR represent a transformational opportunity for Evolution and provide further validation of the Chilalo project’s quality, including the significant value-added potential into battery anodes.
"These transactions provide a clear pathway to funding and accelerate Evolution’s transformation from graphite mine developer to a vertically integrated graphite company."
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Proactive Investors
Jonathan Jackson
+61 431 597 771
writers@proactiveinvestors.com.au
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