Appian Collaboration
Urbix has secured a significant strategic investment from funds managed by Appian Capital Advisory LLP, an investment advisor to long-term value-focused private capital funds that invest solely in mining and mining-related companies.
In addition to the investment into Urbix, the collaboration includes a JDA (joint development agreement) to advance a commercial scale graphite processing facility utilizing Urbix’s advanced processing capabilities in the US. As part of the JDA, Urbix expects to complete its commercial scale demonstration module, produce the sample volumes required for late-stage product validation and expand its customer engagement.
Establishing Appian as the anchor investor in Urbix was the culmination of a comprehensive due diligence process and serves as an example of Urbix’s ability to engage external partners to advance its commercialization goals.​
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The partnership is intended to:
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Position Urbix to establish a fully integrated graphite anode material supply chain in the Americas to provide North American battery gigafactories with security of supply.
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Establish Urbix as the leader in the rapidly growing domestic market for graphite anode material to be used in a variety of applications including EVs, military systems and other industrial electrification applications.
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Result in the construction of a manufacturing facility through the JV, which will utilize Urbix’s proprietary production process that is more cost effective, efficient and environmentally friendly than existing alternatives. The facility is intended to be the first of many commercial deployments
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Progress Urbix’ research and development efforts towards the development of innovative battery systems and advanced processing technologies for graphite and other critical minerals
