EcoGraf Limited announced that it's signed a non-binding Cooperation Agreement with POSCO International. The Cooperation Agreement follows a successful technical program between EcoGraf and POSCO Intl to assess EcoGraf's graphite product performance and the on-going discussions between the parties about areas of collaboration to support the development of EcoGraf's vertically integrated battery anode materials business. POSCO Intl wishes to secure a reliable and eco-friendly battery anode material supplier for its end-consumer, POSCO FUTURE M (formerly POSCO Chemicals Co.

Ltd), a globally leading manufacturer of natural graphite anodes for lithium-ion batteries in electric vehicles. EcoGraf and POSCOIntl have agreed to enter into definitive arrangements for the sale and purchase of EcoGraf's battery anode material products for an initial term of ten (10) years from the commencement of production. EcoGraf will support POSCO Intl's battery anode material requirements by supplying the following indicative volumes of product each year.

The parties have also agreed to collaborate in relation to the following key areas: Establishing a global battery anode materials supply chain hub in Tanzania; Development and expansion of the Epanko Graphite Mine; Development of the Merelani-Arusha Graphite Project; Development of battery anode material micronizing and spheronizing facilities to supply unpurifiedspherical graphite for purification; Development of by-product fines, including EcoGraf's GreenRECARB, an induction and electric arc furnacerecarburizer produced from the micronizing and spher onizing process; Engaging POSCO Intl engineering, construction, financing and investment capabilities; Leveraging EcoGraf's proprietary graphite purification technology; Locating EcoGrafT battery anode material processing facilities near planned POSCO FUTURE M anodeproduction developments to ensure logistical and operational efficiencies; Technical collaboration on customized purification technologies to de-risk the short-term supply chainrisk in South Korea, Europe and North America. . EcoGraf HFFreeT anode recycling capability.