DGAP-News

EcoGraf Limited: European Battery Anode Materials Facility - Seite 2

It is envisaged that development work on this facility would commence following successful completion of stage one of the Australian facility and will utilise the same engineering design to produce 20,000tpa of battery graphite.

Several locations in Europe are currently under investigation to establish the second facility, including Germany, where the Company is working closely with Germany's economic development agency German Trade and Invest to review suitable sites.

Based on EcoGraf's search criteria, German Trade and Invest has generated a list of 20 potential locations which have been narrowed down to 5 sites for further evaluation. Germany also offers additional attractive financial incentives to support new production, including access to development bank funding where the new investment satisfies relevant criteria (refer www.gtai.com).

The environmental credentials of the EcoGraf /purification process strongly aligns with recent legislative policy changes in Europe that require higher standards of environmental and social governance (ESG) in battery supply chains.

These leading ESG credentials and extensive product qualification programs underpin the Company's strategy to double planned production to 40,000tpa through a second battery anode facility by 2025.

The evaluation of potential locations in Europe remains on-going and the Company will provide an update to the ASX when a decision is made on the preferred site.

This announcement is authorised for release by Andrew Spinks, Managing Director.

For further information, please contact:

INVESTORS

Andrew Spinks
Managing Director
T: [phone]

Forward looking statements

Various statements in this announcement constitute statements relating to intentions, future acts and events. Such statements are generally classified as "forward looking statements" and involve known and unknown risks, uncertainties and other important factors that could cause those future acts, events and circumstances to differ materially from what is presented or implicitly portrayed herein. The Company gives no assurances that the anticipated results, performance or achievements expressed or implied in these forward-looking statements will be achieved.