EcoGraf (ASX:EGR) completed its independent engineering study for the development of its TanzGraphite mechanical shaping facility in Tanzania, according to a Monday Australian bourse filing.
The firm has proposed the expansion of its Epanko graphite project to produce around 300,000 tonnes per annum of flake graphite products. The facility will value-add 20,000 tonnes per annum of Epanko natural flake graphite into spherical graphite.
The design and layout are based on extensive piloting and commercial scale testing programs.
It is in talks with the European Union Commission regarding support for the facility development to produce spherical graphite for EcoGraf HFfree facilities in Europe, per the filing.
The firm mandated KfW IPEX-Bank to undertake advisory, structuring, and arranging services to obtain import credit cover and arrange a senior debt facility of up to $105 million for the construction of Epanko.
Its shares fell 5% on market close on Monday.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。