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An announcement from SRG Mining Inc ( (TSE:FLCN) ) is now available.
Falcon Energy Materials plc has announced a strategic partnership with Shanghai Shanshan New Material Co., LTD to develop its customer base and market its CSPG anode production from a new facility in Morocco. This partnership, alongside technical partner Hensen, is aimed at de-risking and accelerating the development of Falcon’s anode plant, with construction of a pilot plant set to begin in Q2 2025. The collaboration with Shanshan, a leader in synthetic graphite anode materials, is expected to integrate Falcon into the complex battery supply chain and secure a binding offtake agreement, enhancing Falcon’s industry positioning and market reach.
More about SRG Mining Inc
Falcon Energy Materials plc operates in the energy materials sector, focusing on the production of coated spherical purified graphite (CSPG) anodes. The company is headquartered in Abu Dhabi, United Arab Emirates, and is involved in the development of a CSPG anode production facility in Morocco. Falcon aims to establish itself in the complex anode material supply chain, leveraging strategic partnerships to enhance its market position.
YTD Price Performance: -3.17%
Average Trading Volume: 40,360
Technical Sentiment Signal: Buy
Current Market Cap: C$75.79M
See more insights into FLCN stock on TipRanks’ Stock Analysis page.