Evolution Energy Minerals (ASX:EV1) has commenced trading on the Frankfurt Stock Exchange (FSE), Germany’s largest trading centre and stock exchange.
“The EU declared graphite to be a strategic critical mineral in 2017,” Evolution Managing Director Phil Hoskins commented.
“Germany in particular has emerged as one of the fastest growing lithium-ion battery regions in the world,” he added.
“This secondary listing on the FSE is expected to introduce investors that see the role that Evolution can play in addressing the needs of European battery manufacturers.”
Europe’s demand for electric vehicles is one of many fundamentals driving the battery market’s forecasted growth.
A fact often overlooked by many investors, is that graphite comprises circa 95% of the anode material inside commercially available batteries.
In 2016, Elon Musk remarked “Our cells should be called Nickel-Graphite, because primarily the cathode is nickel and the anode side is graphite with silicon oxide… [there’s] a little bit of lithium in there, but it’s like the salt on the salad,” the CEO explained.
EV1 hopes to benefit from this growth, and a commercial feasibility process for producing sustainable battery anode materials is underway.
The company notes it has held discussions with the European Battery Alliance to progress the initiative, of which the company became a member in February this year.
EV1 has commissioned German investor relations firm Dr Reuter Investor Relations (DRIR) to assist the company with its second listing on the FSE.
DRIR offers specific packages to small cap companies, domestic or otherwise, seeking to attract investors from target groups including family offices and sophisticated investors in Germany and other parts of Europe. DRIR is familiar with expats from the ASX; it has previously worked with Vulcan Resources and Arcadia Minerals.
EV1 is confident DRIR will play a key role in making European investors aware of EV1’s goals to produce sustainable graphite and battery products, noting its commitment to ESG outcomes.
“The opportunities for downstream graphite processing in Europe are gathering real momentum,” DRIR head Dr. Eva Reuter said.
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