EcoGraf seals Mitsubishi Chemical partnership for battery anode graphite

EcoGraf ( (AU:EGR) ) has provided an announcement.

EcoGraf has signed a non-binding memorandum of understanding with Mitsubishi Chemical Corporation to cooperate on the supply, qualification and potential long-term commercialisation of natural flake graphite and spherical graphite for battery anode materials. The arrangement could lead to a long-term sales agreement for up to 10,000 tonnes per year of unpurified and purified spherical graphite, reinforcing EcoGraf’s plans to scale its Tanzanian projects and HFfree purification facilities, including a proposed plant in Japan, and deepening its ties with a major anode materials supplier to original equipment manufacturers.

The partnership underpins EcoGraf’s strategy to establish itself as a key vertically integrated supplier into global lithium-ion battery supply chains. By aligning with Japan’s largest chemical group and a leading anode active material producer, EcoGraf positions its Epanko feedstock and downstream processing capabilities to access high-value OEM markets, potentially enhancing project economics and providing greater market validation for its HFfree purification technology and planned capacity expansions.

More about EcoGraf

EcoGraf Limited is an Australian battery materials company developing a vertically integrated graphite business focused on high-purity battery anode materials for the lithium-ion and advanced manufacturing markets. Its portfolio includes the Epanko Graphite Project and a planned mechanical shaping facility in Tanzania, alongside EcoGraf HFfree purification plants located near electric vehicle, battery and anode manufacturers in key global regions.

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Technical Sentiment Signal: Buy

Current Market Cap: A$170.8M

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