Talga secures environmental permit for battery anode plant in Sweden

Battery materials developer Talga (ASX:TLG) has received an environmental permit for its commercial battery anode plant in Luleå, Sweden.

The company reports a positive decision was handed down by the Swedish Land and Environment Court yesterday (21 June 2023), and includes a granted execution order that allows Talga to begin construction groundworks at the plant in Q3 2023.

This decision is subject to a 3-week period during which appeals can be lodged. However, the execution order secures the right for refinery construction at the plant to take place while any appeal process is conducted.

Talga reports the environmental permit was granted subject to conditions that are consistent with its Detailed Feasibility Study from 1 July 2021 and permit application.

The environmental permit approval also follows the granting of building permits by Luleå Municipality, which came into effect on 24 March 2023 after no appeals were received.

Commenting on the approval, Talga Managing Director Mark Thompson says: “The court’s decision to permit Europe’s first commercial natural graphite anode plant is an exciting milestone for both Talga and the green transition.

We are thrilled to move to the next stage of project development and to commence groundworks for the construction of the anode plant in Luleå”

We are thrilled to move to the next stage of project development and to commence groundworks for the construction of the anode plant in Luleå. I am extremely proud of the Talga team in this achievement.”

On 20 June, Talga reported that the European Investment Bank (EIB) board approved €150 million in senior debt funding to underpin the company’s Vittangi Anode Project in Sweden.

The company says the project will use renewable electricity to produce an initial 19,500 tonnes per annum of green anode for lithium-ion batteries from the mine and anode plant.

Talga is targeting project debt gearing of up to 60% and stated the EIB financing, which is subject to final negotiations, will form a part of the debt financing package being finalised with export credit agencies, commercial banks, and international financing institutions.

Talga is a European battery metals producer that is building a vertically integrated supply chain of products ‘critical’ to the green transition. The company produces a suite of battery anode products including Talnode-C, Talnode-Si, and Talnode-E out of graphite sourced from its Vittangi Graphite Project in northern Sweden.

These battery anodes are used in a host of applications, including electric vehicles (EV), consumer electronics, and energy storage systems.

Write to Harry Mulholland at Mining.com.au

Images: Talga Group Ltd
Written By Harry Mulholland
Hailing from the Central Coast region of NSW, Harry is a passionate journalist with a background in print, radio and ESG news. When not bashing away on his keyboard, he can be found brewing a coffee or playing with his dog.