Falcon Energy Advances CSPG Pilot Plant Construction in Morocco

SRG Mining Inc ( (TSE:FLCN) ) just unveiled an update.

Falcon Energy Materials has announced significant progress in constructing its pilot plant in Jorf Lasfar, Morocco, which is set to position the company as a leader in CSPG production for the battery industry. The plant, expected to be completed by Q4 2025, will produce CSPG samples for customer testing, crucial for securing long-term agreements for their proposed commercial anode plant. This development is strategically important as it establishes a non-Chinese supply source, addressing rising demand and geopolitical supply risks. The plant is projected to generate significant annual EBITDA, enhancing Falcon’s industry positioning and offering stakeholders a reliable supply chain solution.

More about SRG Mining Inc

Falcon Energy Materials plc is a company focused on becoming a fully integrated supplier of battery anode materials. The company aims to develop a vertically integrated business model that spans from mining to market, with a focus on producing high purity coated spherical purified graphite (CSPG) for the global battery industry outside of China.

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Current Market Cap: C$57.15M

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