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EcoGraf Limited (ASX:EGR)

ALERT: Price-sensitive ASX Announcement for EGR
Current share price for EGR : $0.235 -0.15 (-38.96%)+
Announcement
Release
29 May 2026 8:30AM
Price at Release
$0.385
Full Release
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Summary
EcoGraf Limited has confirmed the competitiveness of its patented HFfree process for producing high-purity active anode material, crucial for the lithium-ion battery market. The company conducted a global assessment of seven potential locations for a 25,000 tpa purification facility, establishing that the HFfree process offers strong cost competitiveness with an average purification operating cost of approximately US$478 per tonne. EcoGraf's vertically integrated supply chain is estimated to provide a total cost of US$1,441 per tonne, making it a viable alternative to Chinese supply. The company plans to establish HFfree process facilities in key battery manufacturing regions in North America, Europe, and Asia-Pacific, aligning with global trends to diversify mineral supply chains. EcoGraf has also secured €6.2 million in grant funding to support development activities.
Key Points
  • EcoGraf Limited has confirmed the competitiveness of their HFfree process for producing high-purity anode material.
  • A global assessment evaluated seven potential locations for a 25,000 tpa purification facility.
  • The HFfree process shows strong cost competitiveness with an average purification operating cost of approximately US$478 per tonne.
  • The integrated supply chain of EcoGraf estimates a cost of US$1,441 per tonne, competing with Chinese supply.
  • EcoGraf aims to establish HFfree process facilities close to key battery manufacturing hubs in North America, Europe, and Asia-Pacific.
  • The company's strategy aligns with global shifts towards diversifying and securing critical mineral supply chains.
  • EcoGraf has secured and is progressing grant funding totaling €6.2 million to support its development activities.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.