en.Wedoany.com Reported - Australian mining company InVert Graphite has signed a binding conditional agreement to acquire RapidGraphite Pty Ltd and the global exclusive rights to a breakthrough processing technology developed by Curtin University. The technology, known as the RapidPulse catalytic graphitization process, converts natural graphite into battery-grade material in seconds, suitable for refining this critical mineral for the rapidly growing energy storage market.
This acquisition is central to InVert's strategy of building a vertically integrated graphite business, combining its wholly-owned Morogoro graphite project in Tanzania with advanced processing capabilities aimed at reducing environmental impact and production time. Early tests using Morogoro material have yielded positive results, achieving approximately 99% purity and improved crystallinity without the need for traditional acid purification or chemical washing.
As part of the transaction, Curtin University will become a shareholder in InVert Graphite. RapidGraphite will also benefit from a A$439,664 AEA Ignite grant provided by the Australian government to further scale up the technology. To fund ongoing research and development and pre-pilot production trials using Curtin University's Centorr furnace, InVert has secured firm commitments for a A$2.5 million placement from institutional and sophisticated investors.
Andrew Lawson, Managing Director of InVert Graphite, stated that the RapidPulse™ technology process developed by Curtin University has shown promising application prospects for natural graphite, with early tests achieving approximately 99% purity and battery-grade crystallinity in seconds, bypassing the environmentally harmful acid purification process. By combining this with the Morogoro project in Tanzania, InVert is rapidly establishing a vertically integrated and more environmentally sustainable production pathway. Further details on the acquisition terms, financing, and metallurgical results have been disclosed in the full ASX announcement.
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