Falcon Energy Materials produces first CSPG samples

Executive Summary

• Falcon Energy Materials reports significant progress on its pilot plant construction in Jorf Lasfar, Morocco, with civil works advancing and structural steel fabrication completed.
• The company has successfully produced the first Coated Spherical Purified Graphite (CSPG) samples in China, which are currently undergoing qualification testing by three potential customers.
• The pilot plant is scheduled to be shipped from China to Morocco in November 2025, with final commissioning and completion targeted for Q4 2025.

Key Details

• Construction Status: Civil construction is progressing under Open Steel Structure Maroc SARL. Fabrication of structural steel is complete, with delivery to the Jorf Lasfar site scheduled for late October 2025.
• Equipment Status: All major processing equipment has been installed and tested at Hensen Graphite Carbon Corp. in China. Shipment of the complete pilot plant to Morocco is expected in November 2025.
• Production Milestone: First CSPG samples have been produced. Two distinct specifications tailored to customer requirements were created, with 50-kilogram sample batches currently under evaluation.
• Customer Engagement: Three major potential customers have commenced their CSPG qualification programs based on the samples provided.
• Timeline: The pilot plant is expected to operate in China throughout October 2025 prior to shipment. Final commissioning in Morocco is on schedule for Q4 2025.
• Strategic Context: The pilot plant is located within the industrial complex of strategic partner Fluoralpha SA, offering access to port infrastructure and proximity to European and North American markets. This is a key step toward securing long-term offtake agreements for the proposed 25,000-tonne-per-annum commercial-scale anode facility.

Notable Quotes

• "This pilot plant represents a pivotal milestone for Falcon -- not just in producing CSPG samples but in advancing toward the establishment of a major anode production facility outside China, positioning us as a key player in the global battery supply chain," stated Matthieu Bos, chief executive officer of Falcon.
• "Our strategic partnership with Hensen and Fluoralpha extends beyond construction; it signifies the development of a comprehensive, resilient industrial value chain crafted to lead the global battery market for decades to come," Mr. Bos added.