According to Mining Technology, Ryzon Materials and Yintai Xinhai Mining have entered into a non-binding heads of agreement for an engineering, procurement, construction, and management contract for the Nachu graphite mine in Tanzania. This partnership is expected to drive the development of the mine, which is a significant step forward for the graphite industry. Graphite is a critical mineral used in the production of lithium-ion batteries, making this agreement particularly notable for companies involved in the battery-metals supply chain. As reported by Mining Technology, the agreement marks a major milestone for Ryzon and Xinhai, and investors will be watching closely as the project progresses.

Ryzon & Xinhai Partner