Ryzon Signs Deal for Graphite Project

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Ryzon Materials signed a nonbinding heads-of-agreement with Yintai Xinhai Mining to develop an engineering, procurement, and construction management (EPCM) plan for the Nachu graphite project in Tanzania. Xinhai will provide costing for an 80,000-ton-per-year plant this quarter and deliver a full EPCM proposal in the second quarter. The companies aim to improve project efficiency, reduce risk, and secure financing, with approximately 80% of funding expected to come from debt from Chinese partners.