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Graphite processor Urbix secures strategic investment from mining investor Appian Capital

Urbix, Inc., a US-based developer of graphite processing technology, has secured a significant strategic investment from funds managed by Appian, an investment advisor to long-term value-focused private capital funds that invest solely in mining and mining-related companies.

In addition to the investment into Urbix, the parties have executed a JDA to advance a commercial-scale graphite processing facility utilizing Urbix’s advanced processing capabilities towards a construction decision. The company’s proprietary technology utilizes a sustainable, environmentally friendly approach for the production of CSPG, a necessary anode material for lithium-ion batteries. Urbix’s low-cost method avoids the use of hydrofluoric acid and results in yields that surpass industry standards.

As part of the JDA, Urbix expects to complete its commercial-scale demonstration module, produce the sample volumes required for late-stage product validation and expand its customer engagement. Development activities also include the delivery of a Feasibility Study and provision of project finance ahead of a positive Final Investment Decision (FID) to construct the facility.

Upon a positive FID, Appian and Urbix intend to establish a joint venture for construction and operation of the facility. The facility will serve as a template for additional future production facilities strategically located in the United States and abroad.

In addition, Urbix intends to make the facility eligible for US investment and production tax credits under the Inflation Reduction Act. The Inflation Reduction Act’s intent to energize a more secure supply for EV manufacturing is punctuated by China’s recent announcement to further restrict the export of graphite.


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