Published: August 4, 2023 |

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Australian graphite explorer Syrah Resources Ltd. said on Thursday it had executed agreements with two U.S.-based companies for the supply of graphite from its Balama operations in Mozambique.

The offtake agreements, signed with Graphex Technologies and Westwater Resources for multi-year terms, aim to supply natural graphite from the company’s Balama mine to active anode material (AAM) processing facilities in the United States.

Graphite anodes’ popularity has soared as companies race to secure supplies of battery materials used in electric vehicles amid a global push towards cleaner transportation and fuel.

In 2021, Syrah signed a deal to supply anode materials to Tesla, with an option to purchase more.

Syrah, which is building Vidalia processing facility in Louisiana, also signed agreements with a Ford Motor joint venture with South Korea’s SK On as well as LG Energy Solution for future anode material supplies from the U.S. plant.

Source: Reuters

Syrah Resources an industrial minerals and technology company with its flagship Balama Graphite Operation in Mozambique and a downstream Active Anode Material facility in the United States. Syrah’s vision is to be the world’s leading supplier of superior quality graphite and battery anode products, working closely with customers and the supply chain to add value in battery and industrial markets.

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