Battery materials and technology company Talga Group (ASX:TLG) has contracted Worley (ASX:WOR) to deliver engineering, procurement, and construction management services for its mine-to-anode integrated Vittangi Anode Project in Sweden.
The anticipated value of the EPCM contract is expected to align with market standards and remains subject to negotiation and execution of binding documentation, expiring by 10 April 2026 unless extended by mutual agreement.
Worley has already played a key role in the project’s development since 2019 with engineering services provided for the Prefeasibility Study (PFS), Detailed Feasibility Study (DFS) and, most recently, the front-end engineering design (FEED) and value improvement process in 2024.
Worley’s global capabilities include facilitating financing solutions through export credit agencies (ECAs), which Tal;ga says could further support project funding that to date includes a €70 million grant from the EU Innovation Fund and a debt consortium cornerstoned by €150 million with the European Investment Bank.
Recently, both Talga’s graphite mine and battery anode plant were awarded Strategic Project status under the European Union’s Critical Raw Materials Act and Net-Zero Industry Act respectively.
Write to Adam Orlando at Mining.com.au
Images: Talga
