Metals Australia Signs MOU to Develop Graphite Project in Quebec

Diversified miner Metals Australia has signed a non-binding memorandum of understanding with Chinese graphene and battery producer Weihai Nanhai Carbon (Nanhai) that will allow Metals Australia to develop its graphite asset in Canada. Nahai will receive preferential supply options and in return it will help finance the Lac Rainy project in Quebec. Under the deal, Nanhai will also support the Australia-based company in the production of a graphene product using graphite concentrate from the Quebec mine. Graphene is a powerful electricity conductor used to boost the lifespan of lithium-ion batteries.

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