Sovereign Metals CEO discusses MOU with Project Vault partner Traxys

Sovereign Metals Ltd (ASX:SVM, OTCQX:SVMLF, AIM:SVML, FRA:SVM) managing director and CEO Frank Eagar talked with Proactive's Stephen Gunnion about the significance of a newly signed non-binding MoU with Traxys, recently selected for the US government’s $12 billion Project Vault, and what it could mean for the Kasiya Rutile-Graphite Project in Malawi. Eagar explained that while Kasiya is widely recognised as a primary rutile project, it will also produce substantial volumes of natural flake graphite at a highly competitive incremental operating cost of $240 per tonne delivered onto a vessel. He said this cost positioning places Kasiya at the bottom of the cost curve and provides a strategic advantage in global graphite markets. The MoU covers up to 80,000 tonnes per year of graphite, a meaningful portion of planned production. At full scale from year six, Kasiya is expected to produce around 250,000 tonnes of flake graphite annually, with approximately 140,000 tonnes per year during the first five years. Eagar stated: “It's going to be the world's largest producer of natural flake graphite.” He also addressed China’s dominance in graphite supply, noting that Kasiya’s projected cost base creates the potential to compete effectively and position the project as a long-term, secure source of supply for US and global buyers. Looking ahead, key milestones include completion of the definitive feasibility study, permitting in Malawi, a mining licence application, environmental approvals, and advancing project finance discussions, including collaboration with the International Finance Corporation. For more interviews like this, visit Proactive's YouTube channel, give this video a like, subscribe to the channel and enable notifications so you never miss future updates. #SovereignMetals #KasiyaProject #Graphite #NaturalGraphite #CriticalMinerals #Rutile #BatteryMaterials #MiningNews #USMarket #ProjectVault #MalawiMining #IFC