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Triton Minerals Forms Strategic Alliance With AMG Mining

Triton Minerals (ASX:TON) has signed a binding agreement to form a strategic alliance with AMG Mining AG (NYSE:AMG) for the exploration and development of graphite in Mozambique.

Shares in Triton are expected to lift at the open.

AMG is a diversified "critical materials" company that produces highly engineered specialty metals and minerals products.

It also provides related vacuum furnace systems and services to the aerospace, infrastructure, energy, and specialty metals & chemicals end markets.

The alliance is for an initial exclusive period of two years during which the Parties will collaborate on the exploration, identification and development of graphite occurrences in the Ancuabe district, within the Province of Cabo Delgado in Mozambique.

The combined project area is located approximately 45km directly west from the Regional Capital and Port of Pemba with sealed road access to the town of Ancuabe.

AMG subsidiary GK Ancuabe Graphite Mine, SA (NASDAQ:GK) holds permitted mining concession 4C in Mozambique that encompasses a functional graphite producing plant (on care and maintenance) and associated mining and production infrastructure. Triton's exploration tenure completely surrounds this mining concession.

Triton Minerals managing director Brad Boyle said:

"This is a significant partnership for Triton as we move ahead towards graphite production in Mozambique.

"AMG is highly regarded as one of the world's leading graphite companies and brings to the partnership a wealth of knowledge, experience and expertise in the graphite sector.

"AMG has recently taken the strategic decision to restart mining activities in the Ancuabe district of Mozambique.

"We look forward to working closely with AMG and aim to jointly increase the known resource base in the Ancuabe district in the very near future."

AMG Mining

AMG Mining is a diversified "critical materials" company driven by global CO2 reduction trends with over 3,000 employees.

It operates production facilities in Germany, the UK, France, Czech Republic, U.S., China, Mexico, Brazil, Turkey and Sri Lanka.

Specialty metals and minerals products produced by AMG include aluminium master alloys and powders, titanium alloys and coatings, ferrovanadium, natural graphite, chromium metal, antimony, tantalum, niobium and silicon metal.

Recent Activity

In March, Triton noted that graphite concentrate from its Mozambique assets are not only suitable for use in a diverse range of graphite products, it is also capable of being expanded up to 1,000 times.

Market research by Independent Metallurgical Operations has confirmed that demand in the Battery Market continues to grow, as new methods and technology is applied to create more efficient batteries for the energy storage systems and electric vehicles.

Separately, testing has confirmed that unprocessed graphitic rock from Triton's project can be expanded up to 1,000 times.

This is encouraging as not all graphite can be expanded.

Expanded graphite has unique physical and thermal properties and is readily converted into a number of high value graphite products.

Subject to quality the expanded graphite sells for up to US$3,500 per tonne.

Analysis

The strategic alliance with AMG provides Triton Minerals with access to knowledge and expertise with respect to graphite production in Mozambique and potentially processing infrastructure and market access.

Triton is working towards establishing its Mozambique graphite (TMG) as a new global graphite-industry benchmark.

It seeks to offer the world's lowest cost and most diversified graphite product range together with the surety of a long-term and reliable supply of high quality flake graphite.

Already, tests have confirmed the suitability of TMG for use in a diverse range of graphite products targeting sectors such as the battery market while its ability to be expanded opens up a growing market as new and commercially significant applications are found.

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