Battery anode developer Talga Resources has announced that it has received a commitment for a ~AU$1.8 million (around USD1.3 million) UK Government grant to complete a feasibility study into the commerciality of a Talga UK Anode Refinery.
The UK government has recently announced a series of economic stimulus packages, including a £1 billion Automotive Transformation Fund (“ATF”), towards boosting the domestic electric vehicle and lithium-ion battery economy in collaboration between the Advanced Propulsion Centre, the Department for Business Energy and Industrial Strategy, Innovate UK and the Department for International Trade.
The Study will assess the commercial feasibility of a UK refinery to produce Talga’s flagship anode product Talnode-C for local Li-ion battery manufacturers.
A UK Talnode®-C production facility would share a feedstock with Talga’s planned Swedish anode refinery by importing natural flake graphite, in the form of a concentrate, from the Company’s Vittangi operation near Kiruna in northern Sweden.
The Study, commencing immediately and planned for completion by late March 2021, will focus on engineering, permitting, renewable energy access and economic feasibility work. If found feasible, the local Talga Talnode-C refinery would provide secure, cost-effective and sustainable active anode material for a more self-sufficient UK electric vehicle industry.