EcoGraf Limited (“EcoGraf” or “the Company”) (ASX: EGR; Frankfurt: FMK) is pleased to announce that the Company has signed a cooperation agreement (“Agreement”) with the European Investment Bank (“EIB”) for the provision of technical assistance to support the Company’s vertically integrated critical raw materials (CRM) business.
Under the Agreement, the European Investment Bank (EIB) will provide technical assistance to advance a defined package of measures across the business. This includes support for the development of the planned expansion study1 for the Epanko project and the midstream mechanical shaping facility2 in Tanzania, as well as services aimed at enabling the project’s integration into the EU battery anode value chain.
The technical assistance measures will be funded within the “EU–OACPS Technical Assistance Facility on Critical Raw Materials (CRM),” which supports initiatives that contribute to the objectives of the EIB’s strategic CRM initiative and are aligned with the European Union’s Critical Raw Materials Act3.
This agreement follows the EIB’s site visit in June 2025 and positive meetings in Brussels, where the Company presented its vertically integrated graphite developments as part of the EU Priority Projects Showcase, organized as part of the EU Critical Raw Materials Facility4 policy initiatives. The EU recognizes the Company’s Epanko project as a key development for building new, long-term, and sustainable battery mineral supply chains for European industry.
Furthermore, the Company has been strongly encouraged to apply for Strategic Project status under the CRM Act to cover both its upstream and downstream developments. Obtaining Strategic Project status is expected to strengthen EcoGraf’s ability to contribute to the global transition to a cleaner environment through its vertically integrated battery anode materials business.
Andrew Spinks, Managing Director of EcoGraf, commented: “We are delighted to partner with the EIB and collaborate on various strategic initiatives to develop reliable and sustainable supply chains for critical raw materials.”
“The EIB is pleased to support preparatory work that contributes to the development of responsible value chains for critical raw materials. This will stimulate potential eligible public and private sector investments, enabling the implementation of sound and sustainable long-term projects at a later stage. This collaboration reflects our commitment to fostering win-win partnerships with European and African partners and supporting resilient supply chains,” said Andrea Clerici, Head of Corporate and Global Activities at the EIB.
References
Note 1: See EcoGraf ASX announcement dated November 12, 2025
Note 2: See EcoGraf ASX announcement dated March 24, 2025
Note 3: https://single-market-economy.ec.europa.eu/sectors/raw-materials/areas-specific-interest/critical-raw-materials/critical-raw-materials-act_en
Note 4: See EcoGraf ASX announcement dated June 30, 2025
This announcement has been authorised for release by Andrew Spinks, Managing Director.
For further information, please contact:
INVESTORS
Andrew Spinks Managing Director T: +61 8 6424 9002
About EcoGraf
EcoGraf is building a diversified battery anode materials business to produce high-purity graphite products for the lithium-ion battery and advanced manufacturing markets. To date, over US$30 million has been invested to establish two highly attractive, development-ready business units, including:
- Epanko Graphite Mine in Tanzania;
- Mechanical shaping facility in Tanzania;
- EcoGraf HFfree® purification facilities located near electric vehicle, battery, and battery anode manufacturers; and
- EcoGraf HFfree® purification technology to support battery anode recycling.
In Tanzania, the Company is developing the TanzGraphite natural flake graphite business, starting with the Epanko Graphite Project, to ensure a long-term, scalable supply of raw material for the EcoGraf™ battery anode material processing plants, as well as high-quality large flake graphite products for industrial applications.
Furthermore, the Company is in the process of completing its Ifakara mechanical shaping facility in Tanzania, where natural flake graphite is processed into spherical graphite (SPG). This mechanical micronisation and spheronisation is the first step in converting high-grade flake graphite concentrate into battery-grade anode material used in the manufacture of lithium-ion batteries.
Utilising its superior, environmentally friendly EcoGraf HFfree™ purification technology, the Company plans to produce 99.95% high-performance battery anode material to support electric vehicle, battery, and anode manufacturers in Asia, Europe, and North America as the world transitions to clean, renewable energy.
Battery recycling is crucial for improving supply chain sustainability. By successfully applying the EcoGraf HFfree® purification process for battery anode material recycling, the Company has a unique opportunity to support its customers in reducing their CO2 emissions and lowering their battery costs.
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