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Metals Australia Ltd ( (AU:MLS) ) has provided an announcement.
Metals Australia Ltd has announced significant progress in its Lac Carheil Graphite Project in Quebec, Canada, with the purification of graphite to 99.99% carbon and a product yield of 72%, both surpassing industry standards for lithium-ion batteries. The company has selected Sept-Îles in Quebec as the preferred location for its Battery Anode Material Plant, which will serve the North American and European markets. The plant’s design will feature modular production trains, providing flexibility for future expansion, and aims to optimize milling and spheroidisation processes to enhance product yield.
More about Metals Australia Ltd
Metals Australia Ltd operates in the mining industry, focusing on the extraction and processing of graphite. The company is engaged in developing battery anode materials, particularly for electric vehicle applications, through its wholly owned Canadian subsidiary, Northern Resources Inc.
Average Trading Volume: 490,894
Technical Sentiment Signal: Sell
Current Market Cap: A$13.9M
For an in-depth examination of MLS stock, go to TipRanks’ Overview page.