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Highlights
- FYI Resources and EcoGraf have achieved outstanding results from their Enhanced High Purity Alumina (HPA) anode coatings development program.
- The Australia-based resource players appointed a leading US-based commercial battery material research facility to generate HPA-doped coated spherical graphite.
- The results on the coated spherical graphite and HPA-doped coated spherical graphite achieved higher first charge capacity, increased battery charge efficiency, and reduced first cycle loss.
Shares of FYI Resources Limited (ASX:FYI; OTCQX:FYIRF; FSE:SDL) surged more than 13% after the company along with its partner EcoGraf (ASX:EGR) announced “outstanding” results of its enhanced high purity alumina (HPA) anode coatings development program.
Data Source: Company Announcement (9 February 2022)
Both companies stated that they are pleased with the results and are currently, offering sample products to several battery manufacturers. The primary objective of the program is to develop a commercial active anode material (AAM) by further value-adding HPA-doped coated spherical graphite for the burgeoning Lithium-Ion battery market.
Related Article: FYI Resources (ASX:FYI) embarks on extended HPA pilot plant trial
Buoyed by the announcement, shares of FYI surged 13.79% during an intraday trading session on Wednesday to trade at AU$0.330 per share.
Technical program to test the performance of the developed anode
Source: Company Announcement (9 February 2022)
Recently, the partners jointly appointed a leading US-based commercial battery material research facility to produce HPA-doped coated spherical graphite using FYI’s innovative ultrafine 4N HPA and EcoGraf™ HFfree spherical graphite (hdBAM).
Also Read: FYI Resources Limited (ASX:FYI) in fine fettle to cash in on HPA market boom
Source: Company Announcement (9 February 2022)
The program has successfully generated coated spherical graphite and enhanced HPA-doped coated spherical graphite. Interestingly, both the products have met the technical specifications required by leading battery manufacturers.
Outstanding results
Furthermore, the study also signifies that the electrochemical performance on the coated spherical graphite and HPA-doped coated spherical graphite have achieved higher first charge capacity, increased battery charge efficiency, and reduced first cycle loss.
Comparatively, the results outperform the current industry standards. The significant results are illustrated below:
Source: Company Announcement (9 February 2022)
The studies on the coated anode resulted in a reversible capacity in the order of 353.4 mAh/g with irreversible first cycle loss of a mere 5.2%, much superior compared to the industry benchmarks.
Likewise, the reversible capacity of the FYI HPA-doped coated anode was measured at 362.7 mAh/g with first cycle loss of 4.5%. The performance of both the products outperformed current industry-standard material.
Also Read: FYI Resources (ASX:FYI) collaborates with EcoGraf to tap burgeoning battery market
The positive results achieved by the companies outline the potential to deliver a better performing material with enhanced performance, durability, and safety.
