Australia-based Battery Minerals has signed an agreement with Urbix for graphite processing joint venture in Mozambique.
The Memorandum of Understanding (MOU) signed by the two companies lays the foundation for establishing the development of a graphite purification facility in Mozambique.
Under the terms of the agreement, both the companies will complete all necessary feasibility study work for the proposed JV purification facility.
It is expected that the facility would source graphite concentrate from Battery Minerals’ advanced Montepuez project in the Cabo Delgado province of northern Mozambique, and potentially toll-treat graphite from other mines in the region using Urbix’s proprietary purification method.
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