SRG Mining Inc (TSE:FLCN) has released an update.
Falcon Energy Materials has announced promising results from its Preliminary Economic Assessment for a new anode plant in Morocco, showcasing a strong financial outlook with a projected after-tax NPV of US$1,149 million and an IRR of 82%. The plant aims to produce 26,000 tonnes of anode material annually with initial capital costs of US$73 million and competitive operating costs. This development highlights Falcon’s strategic efforts to enhance the battery materials supply chain.
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