Graphex Technologies Enters into MOU with Reforme Group Pty Ltd To Develop Graphite Manufacturing Facilities in Australia For Mine-to-Battery Graphite Supply to the EV Industry
December 29 2022 - 6:00AM
Business Wire
The strategic collaboration will pursue upstream and downstream
opportunities to supply critical graphite anode materials to the
global EV industry through streamlined, localized supply chains
Graphex Technologies, LLC, a wholly owned subsidiary of Graphex
Group Limited (collectively “Graphex”) (NYSE American: GRFX | HKSE:
6128) and a global leader in mid-stream processing of natural
graphite for use in lithium-ion (Li-ion) power batteries, announced
today that it has entered into a non-binding Memorandum of
Understanding (“MOU”) with Reforme Group Pty Ltd (“Reforme”), a
private mining and development group involved in developing
processing, to create a strategic alliance joint venture (JV) to
provide key feedstock and critical minerals and processing
technologies for the production of electric vehicle (EV) Li-ion
power batteries to the global EV industry.
Reforme was founded by the team that developed a world first in
the sorting and beneficiating of iron ore has since become a leader
in the industry. Through experience with the strategic metals
supply chain, Reforme has developed relationships with government
and industry for sourcing mining and beneficiation of key materials
from industrial processors and mines, expected to provide
automotive original equipment manufacturers (OEMs) and battery
makers with a high-quality, high-volume and stable supply of
strategic metals materials needed for production of Li-ion
batteries.
Graphex has over a decade of commercial experience producing
10,000 metric tons per annum of battery grade purified spherical
graphite to the power battery market. The intent of the MOU is to
evaluate collaborative opportunities to strategically locate,
construct, and operate mid-stream graphite processing facilities
throughout the world to support the global electrification of
mobility. Whether near graphite mining resources or locations close
to point-of-use - namely battery gigafactories and EV OEMs in the
US and Europe – the strategic alliance will leverage shared
expertise between Graphex and Reforme in technology, design,
financing, equipment sourcing, and plant operations along with
established upstream and downstream relationships with key
stakeholders and companies in the automotive and battery industries
to provide end-to-end stable supply of battery grade anode material
for EVs.
An initial focus of the JV will be an already identified
graphite opportunity in Australia where critical mineral mining and
processing momentum is accelerating quickly. Reforme and its
strategic relationships in Australia have secured mineral deposits
and/or rights to mineral deposits across the country, including
first right of refusal on several projects that have the potential
to produce flake graphite concentrate within 18-24 months of a
quality and quantities sufficient to sustain operations of
mid-stream graphite processing facilities for a minimum of 10
years. Reforme’s relationships with state and local governments and
experience in the construction and operations of production
facilities in the mining and supply chain space, coupled with
Graphex’s mid-stream production experience in the transformation of
graphite into battery anode material is an ideal combination to
quickly ramp up stable end-to-end supply of battery grade graphite
to the EV industry for years to come.
“With the EV industry engaged in the truly herculean task of
electrifying mobility worldwide while simultaneously building out
end-to-end domestic manufacturing capabilities, the best companies
to effect this transformation quickly are those with proven
experience and the willingness to innovate. Graphex has that
'ability with agility' and the Reforme collaboration will give us a
wider reach,” said John DeMaio, CEO of Graphex Technologies.
“Additionally, with Australia being part of the Free Trade
Agreement, this collaboration has the added advantage of complying
with the intent of the Inflation Reduction Act regarding sourcing
and processing of critical minerals and further accelerates our
strategy to secure upstream raw material sources and to continue
expanding our global footprint of mid-stream production
facilities.”
“Together, we can provide the mine-to-battery stability and
localization of supply that is needed to meet the soaring demand
for the batteries that will power the electric future of
transportation,” said Anthony Short, Executive Chairman of Reforme
Group. “Collaborating with Graphex will be a force multiplier in
this effort. Raw material sources seek to participate in the
mid-stream value creation and end-users seek stability of supply -
Graphex/Reforme are uniquely capable to deliver on both
fronts.”
This progress in diversification and expansion follows Graphex’s
recent raw material sourcing announcements around the world,
including Canada, the US, Brazil, and Tanzania as well as active
pursuits of additional resources in Canada, Africa, and Europe.
Expanding the array of upstream resources dovetails with Graphex’s
progress on a new mid-stream graphite processing facility being
developed in Warren, Michigan. This scaled production and global
expansion comes amidst a recent push from the USA Federal
Government to stabilize American EV and battery manufacturing
supply chains. As mentioned recently in the New York Times,
Graphex’s stateside production and global sourcing signifies a
shift in the green tech industry to extricate itself from areas of
sovereign risk.
“We are proud to take this next step in globalizing our upstream
and mid-stream footprint in collaboration with industry innovators
like Reforme,” added DeMaio.
About Graphex Graphex Technologies is a wholly owned U.S.
subsidiary of Graphex Group Limited, a Cayman Island company with
principal and administrative offices in Hong Kong and U.S.
subsidiary office in Royal Oak, MI. Graphex is focused on the
development of technologies and products to enhance renewable
energy, particularly the enrichment of spherical graphite and
graphene, key components for EV batteries and lithium-ion batteries
for other use cases. Proficient in the commercial deep processing
of graphite, Graphex has been consistently producing over 10,000
metric tons of spherical graphite annually for over 10 years. With
a strategy to expand its global operations to support energy
transition and electrification efforts worldwide, Graphex is
currently among the top suppliers of specialized spherical graphite
to the EV and renewable energy industries and holds patents in
areas including products, production methods, machinery design, and
environmental protection.
About Reforme Reforme Group provides a turn key mining
solutions for its own projects and joint ventures to bring key
materials into the supply chain for battery makers for the
production of electric vehicle Lithium-Ion power batteries. Reforme
is involved in the mining and distribution of materials used to
form the key components in the renewable energy space . With the
accelerated adoption of EV’s, and with almost unprecedented local
government support, we identified the importance of a stable,
secure mineral and key material supply for the developing battery
industry. Leveraging our experience within the resources supply
chain, we have developed relationships for distribution of key
materials from industrial processors and mines, to provide our OEM
and battery maker clients with a high-quality, high-volume and
stable supply of materials needed for production of Lithium-Ion
batteries.
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