- Talga (TLG) and European battery maker Automotive Cells Company (ACC) are now in the “advanced stages” of negotiating an offtake agreement
- The companies entered a non-binding term sheet in September for Talga to supply ACC with 60,000 tonnes of Talnode-C from its Vittangi anode project in Sweden
- Talga and ACC are completing legal documentation and negotiations, which they expect to be finalised shortly
- The offtake of Talga’s battery anode product is scheduled to begin in 2026 and span five years
- TLG shares closed grey at $1.47 per share
Talga (TLG) and European battery maker Automotive Cells Company (ACC) are now in the “advanced stages” of negotiations regarding their offtake term sheet.
In late September, the companies signed a non-binding term sheet for Talga to supply ACC with 60,000 tonnes of Talnode-C from its Vittangi anode project in Sweden.
Talnode-C is made from high-grade natural graphite and is targeted for electric vehicles and consumer electronics.
When the parties first penned the agreement, Talga said its mission to develop sustainable batteries aligned well with ACC’s aim of accelerating the transition to cleaner transport options.
ACC is co-owned by luxury automotive brands Mercedes-Benz and Stellantis and battery company Saft, and the company is establishing its first lithium-ion battery factory in France.
The companies are currently focused on completing legally binding documents as per the term sheet. While they said they could not definitively say when the documentation would be finalised, they expect to complete negotiations and documents shortly
The offtake of Talga’s battery anode product is scheduled to commence in 2026 and span a five-year period.
TLG shares closed grey at $1.47 per share.