Evolution Energy highlights transformational deal with top battery anode producer | News Direct

Evolution Energy highlights transformational deal with top battery anode producer

News release by Evolution Energy Minerals Ltd

facebook icon linkedin icon twitter icon pinterest icon email icon Melbourne, Victoria | 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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