Syrah Resources has announced the first fully integrated production of Active Anode Material at its AAM Project in Vidalia, USA.
This follows the installation and commissioning of a commercial scale furnace. The milestone represents a major achievement for Syrah in its strategy to become a large scale, vertically integrated producer of natural graphite AAM.
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Thermal treatment of coated anode precursor in a furnace is the final stage of processing natural graphite to produce an anode material for direct use in lithium-ion batteries.
Syrah’s wholly-owned and integrated spherical, purification and furnace operation at Vidalia, which uses natural graphite from Balama Graphite Operation, is the only vertically integrated and commercial scale AAM supply source outside China Syrah’s fully integrated AAM has the same target specification as toll treated AAM produced from Vidalia anode precursor last year.
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The Company is dispatching this material to potential battery manufacturer and OEM customers to advance qualification processes and support commercial engagements.
Syrah MD and CEO, Shaun Verner, says:
“Syrah is committed to becoming a preeminent, large scale supplier of natural graphite AAM. The fully integrated production of on-specification AAM at Vidalia confirms our position as the most progressed vertically integrated natural graphite AAM supply option outside of China for USA and European battery makers and OEMs.”
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Syrah is progressing initial Detailed Design of the planned expansion of production capacity at Vidalia and its evaluation of potential strategic and financial partnership options, including customer commitments and funding.
A Final Investment Decision for the construction of a 10ktpa AAM facility at Vidalia is planned during H2 2021, subject to end customer commitments and strategic / financial partnerships.
The progress at Vidalia and its vertical integration with Balama is a unique value proposition to Governments, auto OEMs and battery manufacturers.
Specifically: scale; independence and colocation with USA battery production; critical mineral security; and Environmental, Social and Governance (“ESG”) auditability back to the source.