Talga: Signs non-binding LOI with Verkor for battery anode supply

Talga Signs non-binding LOI with Verkor for battery anode supply

• Talga (TLG) enters a non-binding letter of intent (LOI) with Verkor to supply the company’s graphite anode product from its Vittangi project in Sweden
• The LOI formalises commercial discussions underway and sets out the terms for Talg a to supply Talnode-C for electric vehicle applications over four to eight years
• The parties will work towards executing a binding term sheet in Q1 2023 alongside advancing product qualification programs
• The company’s mission to enable the world’s most sustainable batteries aligns well with Verkor’s mandate to accelerate the large-scale industrialisation of batteries in Europe
• Shares in the company are up 2.22 per cent, trading at $1.62 at 12:21 pm AEDT