Talga Group Ltd (PK) News - TLGRF

Battery anode company Talga Group Ltd (“Talga” or “the Company”) (ASX:TLG) is pleased to
announce it has signed a Memorandum of Understanding (“MOU”) regarding supply of Talga’s
Swedish active anode materials (Talnode®) for FREYR’s battery cell production under development
in Norway.
Background
Talga and FREYR are committed to jointly test and potentially develop large scale, sustainable and
competitive solutions to help accelerate the development of local Nordic supply chains for
production of clean, low-cost batteries.
Agreement and Term
Under the MOU, Talga and FREYR will work towards the commercial supply of Talga's Talnode®
range of anode materials for FREYR’s planned operations, including customer qualification plant,
5-11 GWh production ramp up and subsequent 32 GWh Giga-factory. The parties intend discussing
binding long term supply agreements as well as other business models, including licensing of Talga
anode technologies or Joint Ventures.
The agreement also includes studies into potential operational synergies such as Talga co-locating
operations within FREYR’s production facilities for the scale-up of new anode materials and
technologies at industrial level for battery manufacturing.
The MOU is non-binding and for a term of 2 years, in which the intent is to execute formally binding
agreements as required. The agreement may be terminated by either party on 30 days' notice.
Commenting on the agreement, Talga Managing Director Mark Thompson said: “We are very
pleased to be working with FREYR to explore the use of our world-leading graphite and silicon
anode materials and technology in their sustainable, high-performance battery cells. Additionally,
we are pleased to discuss potential synergies towards strengthening our respective strategic
positions in the global electric vehicle battery supply chain."
Tom Einar Jensen, CEO of FREYR, commented: “Developing a local supply of battery materials
made with renewable energy under strong ethical and governance frameworks is a key element of
FREYR’s strategy. By combining next-generation cell design and production technology with
Norway’s low-cost renewable energy, and by unlocking sustainable localized supply chains enabled
by companies such as Talga, FREYR is moving closer to realizing our ambition of producing large
volumes of low-cost battery cells with one of the lowest carbon contents in the world.”
Authorised for release by the Board of Directors of Talga Group Ltd.
For further information please contact:
Mark Thompson Nikki Löf
Managing Director Group Communications Manager
Talga Group Ltd Talga Group Ltd
T: +61 (0) 8 9481 6667 T: +61 (0) 8 9481 6667
FREYR and Talga sign MOU for
supply of battery anode materials
About FREYR AS
FREYR plans to develop up to 43 GWh of battery cell production capacity by 2025 to position the
Company as one of Europe’s largest battery cell suppliers. The facilities will be located in the Mo i
Rana industrial complex in Northern Norway, leveraging Norway’s highly skilled workforce and
abundant, low-cost renewable energy sources from hydro and wind in a crisp, clear and energized
environment. FREYR will supply safe, high energy density and cost-competitive clean battery cells
to the rapidly growing global markets for electric vehicles, energy storage, and marine applications.
FREYR is committed to supporting cluster-based R&D initiatives and the development of an
international ecosystem of scientific, commercial, and financial stakeholders to support the
expansion of the battery value chain in our region.
For more information, please visit www.freyrbattery.com
About Talga
Talga Group Ltd (ASX:TLG) is building a vertically integrated, European based operation to
produce ultra-low emission graphite anode for local battery manufacturers and automotive OEMs.
In addition to shortening supply chains and offering secure local supply, Talga’s green anode
products can help achieve the de-carbonisation objectives of both European manufacturers and
regulators.
In November 2020, Talga signed a Letter of Intent with LKAB and Mitsui (ASX:TLG 2 November
2020) to explore joint development opportunities for the Company’s Vittangi Anode Project planned
to produce 19,000 tonnes per year of battery anode, equivalent to ~19GWh of battery capacity,
commencing 2023 (ASX:TLG 23 May 2019). In December 2020, Talga announced the positive
outcomes from its Niska Scoping Study (ASX:TLG 7 December 2020) outlining the Company’s
2025-2026 expansion plans towards total 104,000 tonne per year anode production.
As part of this on-going project development Talga is engaging directly with lithium-ion battery
manufacturers and automotive OEMs, whereby the Company's graphite and silicon anode
products (Talnode®) are undergoing qualification for a range of Automotive, 3C (Computers, Cell
Phones, Consumer Electronics) and ESS (Energy Storage Systems) applications.
Commercial customer samples are produced across Talga's existing demonstration and pilot
facilities, and with toll partners in Europe and Japan. Construction of a Talga Electric Vehicle Anode
qualification plant in northern Sweden to produce larger scale commercial active anode samples
for EV batteries is underway with initial sample output targeted for Q1 2022 (ASX:TLG 19 April
2021).
Company website: www.talgagroup.com

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