Alba Mineral Resources PLC has released an update on its portfolio company, GreenRoc Mining Plc, regarding the successful results of electrochemical battery test work using graphite from its Amitsoq Graphite Project in southern Greenland. The test work involved the preparation of an anode electrode using Amitsoq uncoated purified spherical graphite, which performed well against all studied parameters and showed stability and no signs of damage or loss of capacity after several cycles of charging and discharging. This is significant as not all natural graphite is suitable for use as active anode material in battery cells.
The company also provided an update on its Processing Plant Feasibility Study, which aims to establish a processing plant for active anode material using graphite concentrate from its Amitsoq project in Greenland. The Feasibility Study, supported by a grant from the UK's Automotive Transformation Fund, is planned to be delivered by the end of Q2, 2024. The first and second work phases of the study, including collecting market and technical data, are now complete. Representatives from GreenRoc, along with an adviser on the Feasibility Study, visited leading manufacturers of processing equipment in China, who have extensive experience in delivering equipment to graphite processing plants.
The successful battery test work and the progress in the Processing Plant Feasibility Study demonstrate the company's commitment to becoming a vertically integrated producer of active anode material, also known as coated spherical purified graphite, using graphite concentrate from its Amitsoq project in Greenland. The positive results from the battery test work and the advancements in the Feasibility Study are significant milestones for Alba Mineral Resources PLC and its portfolio company, GreenRoc Mining Plc.