Graphene Manufacturing Group Ltd. announced that GMG and Rio Tinto Group have signed a non-binding agreement to collaborate on energy saving and storage solutions. Together, GMG and Rio Tinto will explore the use of energy saving products in Rio Tinto's operations, explore working together to support GMG's development of Graphene Aluminium-Ion ("G+Al") batteries, and collaborate on mining and other industrial applications. Under a non-binding term sheet, GMG and Rio Tinto will: discuss conducting trials of GMG's energy saving products in both existing applications and new industrial applications, to deliver energy savings and associated carbon reductions to support Rio Tinto's decarbonisation objectives; explore supply of aluminium materials, one of the key components in G+Al battery technology, by Rio Tinto to GMG with an aim to optimise and accelerate battery development; investigate the use of G+Al batteries in various Rio Tinto mining and industrial applications.

Success could see significant performance enhancements and support Rio Tinto's transition to low carbon operations.