Exciting news! 🚀 Today marks a major milestone for RapidGraphite and our RapidPulse™ technology. Being acquired by InVert Graphite gives us the platform and resources to take our breakthrough graphitisation process to the next stage — from university lab to real-world scale. Battery-grade graphite, in seconds, without acid. We always believed in what this technology could do. Now we get to prove it. ⚡ We're proud to have started this journey at Curtin University and can't wait to see where the road ahead takes us. 🌏
#ASXNews InVert to acquire licenceholder of RapidPulseTM Graphite Processing Technology Vertically integrating a process developed at Curtin University that demonstrates potential to convert natural graphite into battery-grade graphite InVert Graphite is pleased to announce it has signed binding conditional agreements to acquire all of the issued share capital of RapidGraphite Pty Ltd (RapidG) (Acquisition), which holds an exclusive, royalty free, worldwide licence for, and an option to acquire for nil consideration following completion of the Acquisition, the RapidPulseTM technology, a novel process developed at Curtin University in Western Australia with promising applications for potentially converting natural graphite to battery-grade graphite within seconds. • RapidPulseTM test work on InVert’s Morogoro #graphite samples demonstrated materially improved crystallinity, non-acid purification to approximately 99% purity, and potential upcycling of graphite waste. • The experimental process requires no acid purification, achieving high purity in a single step without the chemical washing required by conventional methods. • The acquisition enables access to a pre-pilot Centorr Furnace capable of processing up to 1kg samples, which is installed at Curtin University for ongoing and scaled-up graphite production trials using the technology. • The transaction builds in ongoing R&D alignment, with Curtin University becoming a shareholder of InVert Graphite. • RapidGraphite expects to benefit from an A$439,664 AEA Ignite grant awarded by the Australian Government to Curtin University to scale the RapidPulse™ technology. • InVert is rapidly building a vertically integrated graphite opportunity, combining the RapidPulseTM technology with the Company’s 100% owned Morogoro high-grade natural graphite project in Tanzania. • Firm commitments have been received by InVert for a strongly supported Placement to institutions and sophisticated investors to raise A$2.5 million before costs, predominantly to advance ongoing and scaled-up graphite trials using the RapidPulseTM technology. #IVG Managing Director, Andrew Lawson, commented: "The upcoming acquisition of RapidGraphite is a transformational milestone for InVert. This Curtin University-developed novel RapidPulse™ technology process has demonstrated a potential positive application to our natural graphite, with early testing achieving ~99% purity and battery-grade crystallinity in seconds, entirely bypassing the need for harsh, environmentally damaging acid purification. “By pairing this novel technology with our 100%-owned Morogoro project in Tanzania, InVert is rapidly establishing a vertically integrated, and potentially more environmentally sustainable, pathway..." Read the announcement: https://loom.ly/BoxgDMo #InVertGraphite #ASX #RapidPulse