ASX-listed Syrah Resources has installed a furnace at its Active Anode Material Project in Vidalia, USA, which will enable Syrah to produce Active Anode Material (AAM) sourced from the company’s Balama graphite operation in Mozambique.
This move represents a significant milestone for Syrah on its path to becoming a vertically integrated producer of natural graphite (AAM). Production from the furnace is the final stage in the processing of natural graphite for use in lithium-ion batteries. Purified spherical graphite (anode precursor), produced and coated at Vidalia, was toll treated to AAM in Q4 2020 to accelerate product qualification. Syrah will use the furnace installed at Vidalia for fully integrated AAM production for ongoing product qualification, which is an iterative process of product testing with potential customers.
According to Syrah Managing Director and CEO Shaun Verner this milestone further positions Syrah as the most progressed ex-China option for vertically integrated supply of AAM for USA and European battery makers and Original Equipment Manufacturers (OEMs).
“Initial feedback from in-progress product testing and qualification processes has been extremely encouraging. Syrah remains on track to become an important supplier of AAM to ex-Asia markets,” says Verner.
Syrah is progressing detailed design on the initial expansion of production capacity at Vidalia. A Final Investment Decision for the construction of a 10ktpa AAM facility at Vidalia is planned during H2 2021, subject to end customer commitments and strategic / financial partnerships.