Sovereign Metals Limited (AU:SVM) has released an update.
Sovereign Metals Limited is set to boost its graphite processing capacity with the installation of a new industrial scale spiral concentrator at the company’s laboratory in Lilongwe, Malawi. This development, led by industry veterans, aims to advance the commercialization of graphite from the Kasiya Rutile-Graphite Project for use in lithium-ion battery anodes. With this strategic move, Sovereign is positioning itself to become a leading low-cost producer of both rutile and flake graphite for key global industries.
For further insights into AU:SVM stock, check out TipRanks’ Stock Analysis page.
