SVM - Sovereign Metals steps up operations with new CTO and industrial equipment
(NewsDirect)
Sovereign Metals Limited managing directorFrank Eagar joins Proactive's Stephen Gunnion with details of keydevelopments.
The company hasappointed Dr Surinder Ghag as chief technology officer for graphite,marking a strategic move to enhance its operations in graphiteproduction, particularly for the lithium-ion battery industry. Garg,noted for his expertise in anode materials for batteries, is expectedto play a critical role in developing Sovereign Metals’ downstreamtest work programs.
Sovereign Metalsalso announced the procurement of an industrial-scale spiralconcentrator, which will be used to increase graphite concentratesample preparation at their Malawi facility. This equipment isintended to replicate the plant's future operations and iscurrently being commissioned in Cape Town before being shipped toMalawi. This setup will enable Sovereign Metals to produce larger bulksamples of graphite concentrate, crucial for qualifying the materialfor high-end applications like battery manufacturing.
Eagarhighlighted that graphite will account for 50% of the company'srevenue streams, underscoring its importance to their business model.Looking ahead, Sovereign Metals is planning a trial mine and trialrehabilitation program in collaboration with strategic investor RioTinto, aiming to generate the necessary materials for the new spiralconcentrator plant.
Contact Details
ProactiveUK
Proactive UK
+44 20 7989 0813
UKEditorial@proactiveinvestors.com
Copyright (c) 2024 TheNewswire - All rights reserved.