Altech Chemicals Limited (Altech/Company) announced that two Memorandum of Understanding (MoU) have been executed by Altech Industries Germany GmbH (AIG) and Altech, with two European based suppliers of lithium-ion battery grade anode materials. The MoUs set out the basis for the parties to work together for the possible future supply of materials to a battery material plant that would be constructed by AIG in Saxony, Germany and which is currently the subject of a preliminary feasibility study (PFS). For graphite, AIG and Altech have executed a MoU with SGL Carbon GmbH (SGL), one of the leading producers of graphite in Europe. SGL Carbon is supporting Altech's development of high purity alumina coated graphite material targeted for use by the lithium-ion battery industry. In addition, the non-binding MoU details the potential future relationship whereby SGL would supply uncoated synthetic graphite anode material to an AIG battery materials plant in Saxony, Germany. The indicative, non-binding volumes and prices that are prescribed in the MoU will be adopted in the AIG PFS financial model. SGL Carbon is a world leader in the development and production of carbon-based solutions and reported sales of EUR 919 million in 2020. Only SGL supplied graphite has been used by Altech in test work conducted at its Perth research and development laboratory. For silicon, AIG and Altech have executed an MoU with Ferroglobe Innovation S.L. (Ferroglobe), a leading producer of high purity metallurgical silicon in Europe. The non-binding MoU details the relationship whereby Ferroglobe would supply silicon anode material to an AIG battery materials plant in Saxony, Germany. Ferroglobe is a leading producer of silicon metal with a proven ability to create new solutions and applications using technology to drive innovation. Ferroglobe has the ability to produce high purity silicon, and is targeting the development of tailor-made silicon powders for use in the anode of lithium-ion batteries. Only silicon supplied by Ferroglobe has been used by Altech in test work conducted at its Perth research and development laboratory.