https://www.miningweekly.com

EcoGraf mulls demerger of some Tanzanian assets

15th March 2022

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Diversified battery anode materials company EcoGraf has unveiled plans to demerge its battery cathode materials subsidiary, Innogy.

The ASX-listed EcoGraf told shareholders that it would separately list Innogy on the ASX to provide shareholders with direct exposure to a nickel-focussed battery minerals company, in Tanzania.

EcoGraf currently holds the largest nickel exploration tenement package in Tanzania, covering 4 600 km2, with the company saying on Tuesday that the demerger would unlock shareholder value in the company’s extensive nickel database comprising geological mapping, geophysical surveys, geochemical analysis and exploration drilling acquired over the last 10 years.

The company noted that the new nickel focussed battery mineral business provided EcoGraf shareholders with unique exposure to both anode and cathode battery minerals required by a global battery market forecast to expand at more than 30% per year to 2030.

EcoGraf will retain a cornerstone shareholding in Innogy, with shareholders to receive a priority offer of new Innogy shares.

 

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

The Southern African Institute of Mining and Metallurgy
The Southern African Institute of Mining and Metallurgy

The SAIMM started as a learned society in 1894 after the invention of the cyanide process that saved the South African gold mining industry of the...

VISIT SHOWROOM 
Rosond
Rosond

ROSOND provides fast, efficient, safe, and cost-effective drilling and grouting services to mining and exploration industries throughout Africa.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.047 0.812s - 111pq - 2rq
Subscribe Now