Rio Tinto, GMG Announce Partnership To Develop Graphene Aluminium-Ion Battery

Rio Tinto (NYSE: RIO) and Graphene Manufacturing Group (TSXV: GMG) announced today a non-binding agreement to advance the two companies’ energy saving and storage initiatives.

“We are excited to be collaborating with Rio Tinto, one of the world’s largest mining companies who are committed to leveraging leading technologies for efficient and low carbon operations,” said GMG CEO Craig Nicol.

There are no details yet on the financial consideration for the partnership. But the venture will entail exploring the application of GMG’s energy-saving products into the miner’s operations.

The partnership will also explore developing GMG’s graphene aluminium-ion batteries using aluminium supply from Rio Tinto.

“We aim to develop a truly green battery from our low carbon aluminium, which could transform the way we supply and store energy to anything from a leaf blower to a mining haul truck,” said Rio Tinto Chief Scientist Nigel Steward.

Amid the ongoing war in Ukraine, Rio Tinto announced in March 2022 that it was in the process of terminating all commercial relationships with Russia. This includes its 80-20 joint venture Russia’s Rusal International–Queensland Alumina, touted to be one of the largest alumina refineries in the world.

Rio Tinto last traded at US$68.96 on the NYSE.


Information for this briefing was found via the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Uranium Is Back On America’s Radar | Corey Dias –  Anfield Energy

The Russell Will Lead the Next Market Crash!? | John Feneck

The Global Conflict Has Already Started | Bryan Cunningham

Recommended

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Altamira Gold Encounters Porphyritic Intrusive Rocks In Initial Scout Drilling At Regional Targets

Related News

Rio Tinto’s Not Having A Great Time In Serbia: Capital Erupts in Protest Over Controversial Lithium Mine

Tens of thousands of protesters flooded the streets of Belgrade, Serbia’s capital, on Saturday to...

Monday, August 12, 2024, 12:04:59 PM

Uranium Energy Corp Drops $150 Million To Acquire Roughrider Uranium Project

What’s the value of a historic deposit within the Athabasca Basin of Saskatchewan? If you’re...

Wednesday, October 12, 2022, 08:16:00 AM

AbraSilver Resource: Constructive Assays on Argentina Project; Strong Balance Sheet

On April 6, AbraSilver Resource Corp. (TSXV: ABRA) reported constructive, high-grade assay results from two...

Saturday, April 10, 2021, 09:00:00 AM

Skyharbour Options 51% Stake In Rio Tinto Uranium Property

Rio Tinto appears to be rather uninterested in the Athabasca Basin. It was announced this...

Thursday, May 19, 2022, 08:38:40 AM

Rio Tinto Eyes Canadian Lithium Production

Rio Tinto CEO Jakob Stausholm voiced the company’s interest in delving into lithium production in...

Friday, March 8, 2024, 07:01:00 AM