Vertically integrated battery anode developer EcoGraf is progressing towards securing a substantial $105 million funding package for the advancement of its Epanko graphite project in Tanzania.
The company, listed on the ASX, has received confirmation from the German government regarding the project’s eligibility for the untied loan guarantee (UFK) scheme.
This assurance is based on the support of German off-takers for the initial 73,000 tonnes per year development at Epanko.
EcoGraf has engaged KfW IPEX-Bank to procure UFK cover from the German government. The UFK program incentivizes pivotal projects that promise a long-term supply of critical minerals for the German industry.
This support offers financial flexibility with terms extending beyond standard commercial lender offerings, beneficial during ramp-up and operation.
The timing of this agreement holds particular significance for Epanko, coinciding with China’s impending graphite export controls starting December 1.
Forecasts suggest a soaring demand for natural flake graphite, anticipated to surpass available supply in the coming decade.
With yearly demand expected to surge from 1.1 to over four million tonnes by 2030, a market shortfall is projected from 2026, underscoring the necessity of Epanko’s graphite products.
EcoGraf has further plans to establish graphite shaping facilities in Tanzania, aimed at supplying raw materials for its future active anode material facilities situated in crucial global battery markets.
