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Talga: Signs non-binding LOI with Verkor for battery anode supply | Fintech InShorts: Latest fintech news, analysis by experts

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Talga: Signs non-binding LOI with Verkor for battery anode supply

By Steve Sam

January 11, 2023

Talga Signs non-binding LOI with Verkor for battery anode supply

Talga (TLG) enters a non-binding letter of intent (LOI) with Verkor to supply the company’s graphite anode product from its Vittangi project in Sweden
The LOI formalises commercial discussions underway and sets out the terms for Talg a to supply Talnode-C for electric vehicle applications over four to eight years
The parties will work towards executing a binding term sheet in Q1 2023 alongside advancing product qualification programs
The company’s mission to enable the world’s most sustainable batteries aligns well with Verkor’s mandate to accelerate the large-scale industrialisation of batteries in Europe
Shares in the company are up 2.22 per cent, trading at $1.62 at 12:21 pm AEDT

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