SOVEREIGN PRESENTS KASIYA’S LOW CARBON FOOTPRINT NATURAL GRAPHITE AT THE UK HOUSES OF PARLIAMENT
- Potential for Sovereign to become an important supplier of low carbon footprint natural graphite to the UK presented at a Roundtable on behalf of the All-Party Parliamentary Group for Critical Minerals organised by the Critical Minerals Association
- The Company showcased how its natural graphite and rutile products could help tackle climate change and bring significant benefits to Malawi through job creation, community initiatives and fiscal benefits
- The Company showcased how its natural graphite and rutile products could help tackle climate change and bring significant benefits to Malawi through job creation, community initiatives and fiscal benefits
- China currently produces over 75% of the world’s natural graphite, almost 80% of the world’s synthetic graphite and 100% of the world’s natural graphite anodes used in lithium-ion batteries
- Each tonne of graphite produced from Kasiya is expected to have a Global Warming Potential of only 0.2 tonnes CO2e which represents 80% lower greenhouse gas emissions compared to natural graphite produced in the Heilongjiang Province, China
- Recent peer-reviewed independent studies published in the Journal of Industrial Ecology estimate Global Warming Potential of synthetic graphite at 20.6 tonnes CO2e i.e., 103x that of Kasiya’s natural graphite
- Kasiya’s graphite characterisation shows a coarse flake, high purity and highly crystalline product which should be suitable for lithium-ion batteries and wider industrial uses
Sovereign Metals Limited (ASX:SVM; AIM:SVML) (Sovereign or the Company) is pleased to announce that it has presented at a Roundtable on behalf of the All-Party Parliamentary Group (APPG) for Critical Minerals at the UK Houses of Parliament. The APPG for Critical Minerals was established in March 2020 with the purpose to highlight the UK’s need for a secure, sustainable supply of critical minerals to deliver the nation’s industrial strategy which has since transitioned into the Plan for Growth: “Build Back Better”.
Sovereign’s Chairman Ben Stoikovich presented the potential for the Company’s Kasiya Rutile Project (Kasiya) in Malawi to become an important supplier of low carbon-footprint natural graphite to the UK.
Sovereign’s Chairman Ben Stoikovich commented: “The importance of sustainable supply chains for clean-tech solutions such as lithium-ion battery powered electric vehicles cannot be underestimated. As such, Kasiya could become globally strategically important as it has the potential to supply not one, but two, critical raw materials to world economies looking at building a sustainable future and tackling climate change.”
ENQUIRIES
Dr Julian Stephens (Perth)
Managing Director
+61(8) 9322 6322
Sam Cordin (Perth)
+61(8) 9322 6322
Sapan Ghai (London)
+44 207 478 3900
