Feasibility Study in 2021. The Letter of Intent is a non-binding agreement between the parties. After completing the detailed feasibility study, expected March 2021, and due diligence LKAB, Talga and Mitsui intends to negotiate a business agreement including ownership and investments.
Talga is the 100% owner of the Vittangi graphite project and proprietary technology for anode battery production. Permit applications for the graphite mine was filed in May 2020. Mitsui is one of the largest global trading and investment companies whose global headquarters are in Japan with subsidiaries globally, including Mitsui Europe.
Talga is establishing a European supply of sustainable, low-CO2 emission anode materials for lithium-ion batteries, utilising its 100% owned Swedish mineral assets and battery material technologies. Building on the company’s vertically integrated business strategy, the development plan includes construction of a scalable lithium-ion battery anode production facility and integrated graphite mining operations in northern Sweden, with initial production capacity of 19,000 tonnes coated anode per annum.