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Metals Australia Ltd ( (AU:MLS) ) has provided an announcement.
Metals Australia has unveiled a preliminary economic assessment for a planned battery anode material refinery in Baie-Comeau, Quebec, outlining annual production of more than 51,000 tonnes of high-purity products over a 25-year life. The study forecasts a pre-tax net present value of $2.05 billion (US), an internal rate of return of 25.6%, and phased capital expenditure of about $883.8 million, supported by Canadian clean technology tax credits.
The refinery would process 75,000 tonnes of high-purity flake graphite concentrate a year, employ 227 people at full capacity, and form part of an integrated supply chain with a separate open-cut mine and flake graphite concentrate plant now in prefeasibility. Metals Australia plans to move directly to a final feasibility study through 2026–27, positioning the project within Canada’s push for secure critical mineral supply and streamlined approvals for graphite mines and coated spherical graphite plants.
More about Metals Australia Ltd
Metals Australia Ltd is an ASX-listed resources company focused on developing graphite-based battery materials through its wholly owned Canadian subsidiary, Northern Resources Inc. The company is advancing integrated upstream mining and downstream refining projects in Quebec, targeting the fast-growing market for high-purity battery anode materials and aligning with Canada’s critical minerals strategy.
Average Trading Volume: 409,005
Technical Sentiment Signal: Sell
Current Market Cap: A$15.37M
For an in-depth examination of MLS stock, go to TipRanks’ Overview page.