27.2 C
Supported byspot_img

Ukrainian graphite to supply the U.S. Department of Defense

Member of Europium Groupspot_img
Supported byspot_img

An Australian company is exploring the possibility of supplying Ukrainian graphite to the U.S. Department of Defense, news agency Nadra.Info reported on Oct. 13.

Volt Resources Limited, which holds a 70% stake in the Ukrainian group Zavalivskiy Graphite, has signed a letter of intent with M2i Global, Inc. (United States) on graphite supplies, Nadra.Info said, citing an announcement from Volt Resources Limited.

M2i Global, Inc. specializes in developing and implementing a complete global supply chain for essential minerals for the U.S. government and its partners. M2i Global aims to secure a contract to supply the U.S. Department of Defense with up to 20,000 tons of graphite annually.

Supported by

This supply will come from a subsidiary company of Volt Resources Limited, Volt Zavalievsky Graphite in Ukraine.

If feasible, Volt intends to continue long-term graphite supplies to M2i clients from the second phase of the Bunyu Tanzania project.

“As a result of the opportunity to supply natural flake graphite produced in Europe, and in the future from our graphite project in Tanzania, in conjunction with advancing technology for the production of anode materials for batteries in the United States, Volt offers growing prospects for the future through a complete supply chain that may be accessible to only a few graphite companies,” said Asimwe Kabunga, Volt’s executive chairman.

“Securing the raw material supply chain for battery cells is a priority for U.S. national security, especially in the case of graphite, where foreign supplies account for over 75% of the market. This agreement aligns with our plan to expand our client base and develop the Zavalivskiy Graphite business. We’re excited to work with M2i and look forward to a strong collaboration,” added Prashant Chintawar, Managing Director and CEO of Volt.

“This agreement with Volt will support the work we are doing in support of national defense stockpile policy, as well as with the Defense Logistics Agency,” said Lieutenant General (ret.) Jeffrey W. Talley, President and CEO of M2i.

“The U.S. Department of Defense, through its Production Capacity Expansion and Investment Priorities Department, seeks to ensure a reliable and stable supply of graphite materials in the United States for use in battery production.”

“The Department of Defense aims to build a resilient industrial base to meet current and future national defense requirements,” he added.

In August 2022, the Australian company Volt Resources announced the resumption of graphite production in Ukraine following the start of full-scale aggression by the Russian Federation.

In May 2023, Zavalivskiy Graphite announced the resumption of production after a seasonal halt. Over the first month, more than 700 tons of graphite concentrate were produced, with the daily production averaging 54 tons, and the majority of the concentrate reaching a purity level of 88-96%.


Source: yahoo news

Supported byElevatePR Digital

Related News

EU corporate sustainability directive: Implications for global supply chains and Africa’s mining communities

On 24 May, the European Union enacted the Corporate Sustainability Due Diligence Directive (CSDDD), a landmark legislation requiring large businesses to identify and mitigate...

Rio Tinto defends environmental safety of Serbia’s Jadar lithium project

Rio Tinto announced on Thursday that it had published new environmental studies indicating the safety of its Jadar lithium project in Serbia, which was...

Vianode CEO criticizes EU’s Raw Materials Act for inadequate industry support

The EU’s landmark Critical Raw Materials Act (CRMA), which officially came into effect on May 23, is being criticized for its lack of substantial...

Innovative Scandium supply chain: Scandium Canada Ltd. advances in renewable energy and 3D printing

Scandium Canada Ltd. has announced significant strides in creating a comprehensive scandium supply chain, from extraction to diverse industrial applications. The company's flagship Crater...
Supported by
Supported by
Supported by
error: Content is protected !!