Talga Resources provided an update on initial benchmark testing of its graphene in Lithium-ion batteries, manufactured at the Warwick Manufacturing Group’s Energy Innovation Center, University of Warwick UK. Following successful tests of the Company’s micrographite product, Talga announced its intention to move towards testing its graphene nanoplatelets (GNPs) as the active material of Li-ion battery anodes.
Talga also announced a funding initiative to raise gross proceeds of $12.3 million AUD (around $9.2 million USD). The Placement was made to a small group of targeted institutions and was also strongly supported by a group of Talga’s major shareholders.