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Sicona to enter European battery market through proposed Joint Venture with Leading Edge Materials in Sweden

SYDNEY, Oct. 10, 2021 /PRNewswire/ -- Sicona Battery Technologies Pty Ltd ("Sicona"), a groundbreaking battery materials technology company, has executed a non-binding heads of agreement (the "HoA") with the 100% owned Swedish subsidiary of TSX-V listed Leading Edge Materials Corp. ("Leading Edge Materials").
Sicona to enter European battery market through proposed Joint Venture with Leading Edge Materials in Sweden
The HoA lays out the path for the establishment of a Sweden based 50/50 Joint Venture (the "JV") targeting the production of advanced natural graphite and silicon-graphite-carbon composite active anode materials using natural graphite from the Woxna Graphite mine as feedstock to offer the European lithium-ion battery manufacturing industry a secure and sustainable supply of high-performance anode materials.The JV is a direct fit for the fully built and permitted Woxna Graphite mine in Sweden and plans for a vertically integrated production from mine to active anode materials utilizing a low carbon footprint thermal purification process, as recently reported in a Preliminary Economic Assessment studyA published by Leading Edge Materials (see Leading Edge Materails' press releases dated June 9, 2021A and July 26, 2021). A Sicona believes that the existing Woxna mine and developed downstream processes together with Sicona's innovative technology offers the opportunity to deliver a secure and sustainable supply of high-performance battery materials for the European battery industry. Sicona is commercialising innovative silicon-graphite-carbon composite battery anode and binder process technology and materials, developed and perfected over the last ten years at the Australian Institute for Innovative Materials (AIIM)A at the University of Wollongong.
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