Toronto Canada based battery materials development company NextSource Materials Executive Vice Presidentn Mr Brent Nykoliation joined Stock Day host Everett Jolly. Mr Nykoliation started “We signed a strategic offtake agreement with one of the world’s largest materials traders and steel companies. This was a five year process and we have now executed a binding offtake with thyssenkrupp to purchase 35,000 tonnes per year of our SuperFlake graphite in Madagascar.”

 

He added “We announced a month ago that we had signed collaboration with the key processors of battery-grade graphite for the Tesla supply chain. That was a very significant addition to what began as an offtake agreement to purchase our graphite for use in Tesla’s batteries. We have now grown this agreement to a collaborative partnership, where we have teamed up with the Japanese and Chinese partners currently supplying graphite to the Tesla supply chain to construct and duplicate the exact facility in China that currently processes much of the battery-grade graphite for Tesla in a location outside of China, with NextSource as a key partner,”

 

Mr Nykoliation also said “We are looking at several locations for this battery anode facility, including South Africa, Europe and North America. NextSource will build and own the plant and then license the proven technology of these partners to supply the Tesla supply chain with our graphite. Our partners are providing us with a turn-key plant with their Intellectual Property as part of this collaboration. This allows us to produce battery-grade graphite using an already established and verified process with key automotive OEMs. Construction of our battery anode facility, which will be producing battery-grade graphite for the Tesla supply chain, is expected to start in 2022.”

 

Graphite is a critical mineral and essential in batteries. Graphite in particular is at the top of the agenda for many governments and countries around the world, because of its economic importance and its critical role in the electrification of the automobile.

 

source：SteelGuru Business News