Talga Group (ASX:TLG) has entered into a non-binding Letter of Intent with French EV battery manufacturer Verkor SA to supply Talga's flagship graphite anode product, Talnode®-C, from its 100% owned Vittangi project in Sweden.
The LOI sets out non-binding terms for Talga to supply Verkor with Talnode®-C for electric vehicle applications over a 4- to 8-year period.
Talga is building Europe's first battery anode plant in Luleå, Sweden and aims to offer products critical to its customers' innovation and the shift towards a more sustainable world.
Following the announcement, shares of Talga Group (ASX:TLG) were unchanged at $1.58.