Stock Market News
Beowulf sees potential for battery markets from Finnish graphite project
Finland exploration and development company Beowulf Mining said testing at its Aitolampi graphite project indicated that the programme held a "significant market potential" for lithium-ion battery manufacturers as well as non-battery markets.
Alkaline purification produced 99.9% total carbon for plus 100-mesh concentrate and 99.8% for minus 100-mesh concentrate, while acid purification results reached 99.6% for plus 100-mesh concentrate and 99.4% for the minus 100-mesh leading the group to believe it was capable of meeting the 99.95% purity specifications required for the lithium-ion battery market.
Beowulf said the graphite from Aitolampi returned high crystallinity and was "almost perfect".
The company noted that volatility was low and that specific surface areas of the Finnish graphite was comparable to high-quality flake graphite from China, as was oxidation behaviour.
Beowulf also announced it had commissioned Oy Northdrill, a Finnish drilling company, to drill a further 1,000 metres across the project in March.
Kurt Budge, chief executive, said, "Our consultant, ProGraphite, has built on the prior work, completed by SGS, and its findings demonstrate the broad market attractiveness of the graphite concentrates that we might produce. Not only do we have the potential to serve lithium ion battery manufacturers, but the Aitolampi concentrates' chemical and physical properties could also suit many other applications.
"At Aitolampi, we will re-start drilling in March 2018, conduct more testwork, seek to estimate a maiden resource, and thereafter initiate a Scoping Study. The company's ambition remains to have a graphite asset in production within two to three years."
As of 1100 GMT, shares had climbed 5.77% to 8.20p.
Alkaline purification produced 99.9% total carbon for plus 100-mesh concentrate and 99.8% for minus 100-mesh concentrate, while acid purification results reached 99.6% for plus 100-mesh concentrate and 99.4% for the minus 100-mesh leading the group to believe it was capable of meeting the 99.95% purity specifications required for the lithium-ion battery market.
Beowulf said the graphite from Aitolampi returned high crystallinity and was "almost perfect".
The company noted that volatility was low and that specific surface areas of the Finnish graphite was comparable to high-quality flake graphite from China, as was oxidation behaviour.
Beowulf also announced it had commissioned Oy Northdrill, a Finnish drilling company, to drill a further 1,000 metres across the project in March.
Kurt Budge, chief executive, said, "Our consultant, ProGraphite, has built on the prior work, completed by SGS, and its findings demonstrate the broad market attractiveness of the graphite concentrates that we might produce. Not only do we have the potential to serve lithium ion battery manufacturers, but the Aitolampi concentrates' chemical and physical properties could also suit many other applications.
"At Aitolampi, we will re-start drilling in March 2018, conduct more testwork, seek to estimate a maiden resource, and thereafter initiate a Scoping Study. The company's ambition remains to have a graphite asset in production within two to three years."
As of 1100 GMT, shares had climbed 5.77% to 8.20p.
Related share prices |
---|
Beowulf Mining (BEM) share price |
Stock News headlines are gathered from financial news sources around the web. Views and opinions on each item are from their respective authors and website. They are not opinions of LiveCharts.co.uk
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- Top Large UK Shares
- UK Market Sectors
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Royal Mail share price
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Santander share price
- NEXT share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways
- Centrica share price
- Tesco share price
- Taylor Wimpey Share Price
- National Grid
- GKP Share Price
- Marks and Spencer
- Rolls Royce
- Rio Tinto
- THG Share Price
- Aviva Share Price
- Boil Share price
- Easyjet Share Price
- Genedrive Share Price
- SSE Share Price
- IAG Share Price
- Boohoo share price
- HE1 share price
- AVCT share price
- BOOM share price