Sicona to Enter European Battery Market in JV with Leading Edge Materials

Sicona Battery Technologies Pty Ltd, has executed a non-binding heads of agreement with the 100% owned Swedish subsidiary of TSX-V.

The HoA lays out the path for the establishment of a Sweden based 50/50 Joint Venture targeting the production of advanced natural graphite and silicon-graphite-carbon composite active anode materials using natural graphite from the Woxna Graphite mine as feedstock to offer the European lithium-ion battery manufacturing industry a secure and sustainable supply of high-performance anode materials.

Sicona believes that the existing Woxna mine and developed downstream processes together with Sicona's innovative technology offers the opportunity to deliver a secure and sustainable supply of high-performance battery materials for the European battery industry. 

Sicona founder and CEO, Christiaan Jordaan said "From our Australian base, Sicona has its eyes firmly set on deploying commercial-scale production plants in Europe and North America and this proposed joint venture with Leading Edge Materials is a significant step in achieving those goals."