Rio Tinto and Shougang commission industrial-scale carbon capture facility

Images of flake (left) versus spherical natural graphite (right). Syrah’s BAM strategy will initially focus on precursor (unpurified, purified spherical graphite) and finished BAM product (coated spherical graphite). Image: Syrah Resources.   BY ELIZABETH FABRI   ASX-listed Syrah Resources will become a battery anode material (BAM) producer, after purchasing a US industrial site to establish downstream processing facilities.   The $US1.225 Vidalia industrial site in Louisiana covers 25 acres and has an existing 50,000 square foot building. Once developed, the commercial plant will process graphite from Syrah’s Balama project in northern Mozambique to produce BAM for anodes in lithium ion batteries. The 60,000tpa capacity plant will have an initial output of 20,000tpa using proven technology and processes. Syrah managing director...

LITHIUM Australia has secured up to $6.3m funding from New York-based institutional fund manager, The Lind Global Macro Fund, under a convertible security and share purchase funding agreement. The initial $3m investment and a $100,000 share placement will help fund growth of the Soluna Australia battery business, commercialisation of the company’s cathode business (owned by its subsidiary VSPC) and growth of the company’s battery recycling business (owned by its subsidiary Envirostream Australia) and costs of the funding, as well as general working capital. Lithium Australia also has the option to repay the convertible security in cash, subject to Lind Partners’ buyback conversion rights for up to 30pc of the outstanding Face Value. Lind managing director Jeff Easton said the fund...