Magnis Resources Announce Outstanding Lithium-Ion Battery Anode Results

Magnis Resources (ASX:MNS) advises of the latest results from ongoing qualification and development work on the production of high purity anodes (coated spherical graphite) for lithium-ion batteries.
As quoted in the press release:

• Lithium-ion battery grade anodes produced from Nachu graphite using existing commercial scale technology and facilities in North America
• No chemical purification required leaving clear potential for Magnis to be the lowest cost anode producer with the smallest environmental footprint globally
• Outstanding anode graphite characteristics and lithium-ion battery cell test results
• Typically superior performance when compared to leading Chinese natural and synthetic graphite anode products
• End user product qualification with potential offtake partners progressing

Magnis CEO, Dr Frank Houllis, stated:

Today’s announcement represents a step-change in the way anode graphite can be produced for lithium-ion batteries. It demonstrates that a superior anode graphite can be made from Magnis’ high purity (>99% TGC), larger size flake graphite without any chemical purification or use of toxic acids. Magnis has now illustrated the pathway to a supply chain that is both greener and more cost effective for sustainable industries using lithium ion batteries.” “With qualification work continuing, Magnis expects to realise further improvements in both the quality of its anode graphite and the cost efficiency of its production.

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