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Syrah Resources completes BFS for expansion of US anode material production

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Syrah intends to initially expand natural graphite AAM production capacity at Vidalia to 10ktpa, and then increase in line with growing market demand. To this end, the BFS assessed both the initial market entry 10ktpa plant size, and a larger scale 40ktpa plant. 3D model of Vidalia 10kt per annum expansion.

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DOE offers conditional commitment for $107M loan to Syrah graphite-based anode material project

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Proceeds from Syrah’s fully underwritten institutional placement and pro rata accelerated non-renounceable entitlement offer completed earlier this year are sufficient to fund fully the remaining US$165 million of estimated installed capital costs of the Vidalia Initial Expansion project.

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BNEF: producing battery materials in the DRC could lower supply-chain emissions and add value to the country’s cobalt

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The DRC’s cost competitiveness comes from its relatively cheap access to land and low engineering, procurement and construction, or EPC, cost compared to the US, Poland and China. This is due to the DRC’s proximity to cathode raw materials and heavy reliance on hydroelectric power plants.

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