Talga secures SEK 82.6m grant for battery anode project

Talga Group Ltd (ASX:TLG) has received SEK 82.6m from the Swedish Energy Agency's Industriklivet program. The grant will partly fund a SEK 190 million project focusing on low-emission active anode material from natural and recycled graphite. This project, set for completion by June 30, 2026, aims to validate a near-industrial scale manufacturing process and inform the engineering design for its commercial plant. This funding supports Talga’s broader strategy to address the critical need for secure and sustainable battery materials, especially given the global reliance on China for graphite anode production.

Talga’s anode production project in Luleå, Sweden, is planned to produce 19,500 tonnes per annum of graphite products in Stage 1, expanding to over 100,000 tonnes per annum in Stage 2. This leverages its 100% owned Vittangi graphite mine, Europe’s largest high-grade natural graphite resource. The company is also pursuing US expansion opportunities, aligning its anode refinery technology with US energy security goals and collaborating with United Catalyst Corporation for market entry and recycling solutions. Key commercial progress includes validated coated graphite anode by major battery manufacturers, binding offtake with Nyobolt for Talnode®-C, and partnerships for recycled feedstock supply.

At the annual general meeting, all proposed resolutions, including the remuneration report and the re-election of directors, were passed on a poll, indicating strong shareholder support for the company's strategic direction and leadership. Talga’s focus on proprietary technology, customer qualification, and proven production in Sweden positions it as a significant player in the rapidly expanding battery materials market.