Graphene Manufacturing Group Ltd V.GMG

$GMG & Rio Tinto!

[waves1]

Good day in the green for Graphene Manufacturing Group ($GMG.v $GMGMF), closing up 6%!

Here's a recap of the recent announcement that $GMG signed an agreement to collaborate with Rio Tinto Group on energy-saving and storage solutions:

Under a non-binding term sheet, $GMG and Rio Tinto will:

• Discuss trials of GMG's energy-saving products in existing and new applications, to deliver energy savings & associated carbon reductions to support Rio Tinto's decarbonization objectives
• Explore supply of aluminum materials with an aim to optimize and accelerate battery development;
• Investigate the use of G+Al batteries in various Rio Tinto mining and industrial applications as success could see significant performance enhancements for Rio's transition to low-carbon operations.

As both $GMG and Rio share a vision of a low carbon future, there is significant potential in their partnership to develop a green battery from low-carbon aluminum which could transform the way we supply and store energy.

Rio is one of the world's largest mining companies and is committed to leveraging leading technologies for efficient and low-carbon operations.

This collaboration adds another key element and represents another important step in developing $GMG's G+Al battery following the recent agreements with Wood for scaling graphene production and Bosch for automated battery production.

https://www.miningmagazine.com/power-remote-power/news/1432558/gmg-secures-rio-tinto-battery-deal?fbclid=IwAR2FC81t-9dMTdSSm2K9IWC0zLndzvUArwdfgowCP3vBxpSAqeYWDrMU9V8