Compare

Each company is different due to its own distinctive nature, ranging from only producing flake graphite to being vertically integrated. Recognising the unique nature of each graphite company, direct comparisons aren’t always accurate. Nevertheless, utilise this feature to facilitate comparisons between companies.

We endeavour to update this as regularly as possible, but there could be errors or outdated information. Please refer to our disclaimer. 
Product Feature Comparison

Note: Information as of 29 March 2025. All figures in USD unless otherwise stated.

Compare Company Market Cap (M) ▲▼ Market Cap (M) is the total market value of a company's outstanding shares, calculated by multiplying the company's stock price by the total number of outstanding shares. Project Location Type of Graphite Type of Graphite refers to the classification of graphite based on its characteristics such as purity, flake size, and crystalline form. *PSG - Purified Spherical Graphite *AAM - Active Anode Material Status of Project Status of Project indicates the current stage of development or production of the graphite mining project. NPV Net Present Value (NPV) is the value of all future cash flows (positive and negative) over the entire life of an investment discounted to the present. Deposit Size (Ore Reserve) Deposit Size (Ore Reserve) refers to the estimated amount of economically recoverable graphite ore in a mining deposit. MRE (Mineral Resource Estimate) MRE (Mineral Resource Estimate) refers to the total estimated amount of a mineral resource, which includes both measured and indicated resources. Vertically Integrated Vertically Integrated indicates whether the company is involved in multiple stages of the graphite supply chain, from mining to processing to end-use applications. Capacity (TPA) ▲▼ Capacity (TPA) refers to the production capacity of a graphite mining or processing facility, measured in metric tons per annum (TPA). Cost (Per Tonne) Cost (Per Tonne) indicates the average cost incurred by the company to produce one metric ton of product outlined by the type of graphite produced.
AMG GraphiteNot ListedBogala Graphite Sri LankaVein Production------
AMG GraphiteNot ListedQingdao Kropfmühl GraphiteChinaFlakeProduction------
Applied Graphite Technologies2.14Queens Mine ComplexSri LankaVein Development----50,0000
Argyle Resources14.7FrenchvaleCanadaFlakeExploration------
Armadale Capital0Mahenge Graphite Project TanzaniaFlakeDevelopment stage430M/10%-20.4Mt @ 9.8% TGC-90,000369
Battery Mineral Resources11.38GuemamSouth KoreaFlakeExploration------
Battery Mineral Resources11.38TaehwaSouth KoreaFlakeExploration------
Beowulfmining9.05Aitolampi Graphite ProjectFinlandFlakeExploration--26.7Mt @ 4.8% TGCYes0-
Beowulfmining9.05Graphite Anode Materials PlantFinlandCSPGFeasibility242M/8%--Yes60,000-
BGV GraphiteNot ListedZarichna GraphiteUkraineFlakeFeasibility-33Mt @ 5.76% TGC----
BGV GraphiteNot ListedBalahovskoe Graphite (Concentrate)UkraineFlakeFeasibility-44Mt @ 5.4% TGC-Yes50,000-
BGV GraphiteNot ListedBalahovskoe Graphite (Processing)UkrainePSGFeasibility---Yes19,000-
Black Rock Mining 21.26Mahenge MineTanzaniaHigh Purity FlakeConstruction-ready1.4B/10%70Mt at 8.5% TGC 213Mt @ 7.8% TGC-340,000518
Black Swan Graphene22.39Black Swan MineAustralia GrapheneCollaboration with various entities ----0-
Blencowe Resources 12.74Orom-Cross Graphite ProjectUgandaFlakeFeasibility482M/ 8% -24.5Mt @ 6% TCG-101,000499
Buxton Resources 4.34The Graphite Bull ProjectAustraliaFlakeExploration--4.0Mt @ 16.2% TGC-0-
Canada Carbon 2.25Miller MineCanadaFlakeCare and Maintnance------
Canada Carbon 2.25Asbury MineCanadaFlakeCare and Maintnance--4.14Mt @ 3.05% TCG---
CarbonScapeNot ListedBlenheim Pilot PlantNew ZealandSustainable BiographitePilot Plant---Yes3-
CarbonScapeNot ListedSunila Demonstration PlantFinlandSustainable BiographiteConstruction---Yes100-
CarbonScapeNot ListedCommercial PlantEuropeSustainable BiographiteFeasibility316M/15%--Yes25,0004930
CarbonScapeNot ListedCommercial PlantUSASustainable BiographiteFeasibility555M/15%--Yes25,0004333
Castle Minerals 3.64Kambale Graphite projectGhanaFlakeExploration--22.4Mt @ 8.6% TCG-0-
Ceylon Graphite2.43K1 DevelopmentSri LankaVein Production----0-
Ceylon Graphite2.43M1 DevelopmentSri LankaVein Exploration----0-
Ceylon Graphite2.43H1 DevelopmentSri LankaVein Exploration----0-
Ceylon Graphite2.43P1 DevelopmentSri LankaVein Exploration----0-
Cullinan Metals0.456Lac-Des-Iles West Graphite ProjectCanadaFlakeExploration----0-
E-Power Resources1.85Tetepisca CanadaFlakeExploration-4.7Mt @ 27.8% TCG>100Mt @ 14% TCG-0-
E-Power Resources1.85TurgeonCanadaFlakeExploration----0-
EcoGraf88.57EpankoTanzaniaFlakeDevelopment-ready348M/10% (Pre Tax)14.3Mt @ 8.8% TGC290.8Mt at 7.2% TGC -73,000508
EcoGraf88.57Mechanical Shaping Facility TanzaniaPSGFeasibility---Yes--
EcoGraf88.57Purification Facility AustraliaCSPGFeasibility---Yes--
Elcora Advanced Materials1.67Sakura graphite mine Sri LankaVein Production----0-
Emergent Metals1.45Casa BerardiCanadaFlakeExploration----0-
Evion 4.93Maniry ProjectMadagascarFlakeDevelopment stage263M/ 8% (Pre Tax)16.2Mt @ 6.6 TCG40Mt @ 6.5% TCGYes60,000-
Evion 4.93Panthera Graphite TechnologiesIndiaExpandable Production100M (Pre tax)--Yes5,000-
Evion 4.93Battery Anode Material ProjectGermanyCSPGFeasibility----0-
Evolution Energy Minerals 4.56Chilalo ProjectTanzaniaFlakeDevelopment stage338M/8%8Mt @ 10.5% TCG67.3Mt @ 5.4% TCG-52,000773
Evolution Energy Minerals 4.56AAM ProjectTBDCSPGFeasibility---Yes--
Falcon Energy Materials39.4Lola Graphite ProjectRepublic of GuineaFlakeFeasibility218M/8%046.3Mt @ 4.09% TCG-100,000587.6
Falcon Energy Materials39.4AAM ProjectMoroccoCSPGFeasibility---Yes25,000-
First Graphene 19.78PureGRAPH® AustraliaGrapheneProduction----1,000-
Focus Graphite4.75Lac KnifeCanadaFlakeFeasibility285.7M/8%9,31Mt @ 14.97% TCG12Mt @ 15.34% TCG-50,000540.48
Focus Graphite4.75Lac TétépiscaCanadaFlakeExploration --59.3Mt @ 10.61%-0-
Global Li-Ion Graphite1.9Amabato Arana mineMadagascarFlakeCare and Maintnance----0-
Graphano Energy1.32Lac Aux Bouleaux GraphiteCanadaFlakeExploration ----0-
Graphano Energy1.32Dudley and Lac Vert-Bouthillier graphiteCanadaFlakeExploration ----0-
Graphano Energy1.32Standard PropertyCanadaFlakeExploration ----0-
GraphcoaNot ListedGraphcoaBrazilFlakeEarly stage production---Yes - Urbix65,500-
GraphinexNot ListedEsmeralda Graphite ProjectAustraliaFlakeFeasibility---Yes0-
GraphinexNot ListedEsmeralda Graphite ProjectAustraliaCSPGFeasibility---Yes0-
Graphite One92.22Graphite CreekUSAFlakeFeasibility1.36B/8%-37.6Mt @ 5.1% TCGYes183,000-
Graphite One92.22Advanced Graphite Materials ManufacturingUSACSPGExploration---Yes25,000-
Gratomic5.6Aukam Graphite ProjectNamibiaVein Exploration----22,000-
Gratomic5.6Buckingham Graphite CanadaFlakeExploration----0-
Gratomic5.6 Jacobina and Igrapiuna GraphiteBrazilFlakeExploration----0-
Gratomic5.6Capim Grosso BrazilFlakeExploration----0-
GrafTech244.48Calais Electrode FacilityFranceElectrodeProduction------
GrafTech244.48Pamplona Electrode & Pin FacilitySpainElectrode/Connecting PinProduction------
GrafTech244.48Monterrey Electrode & Pin FacilityMexicoElectrode/Primary PinProduction------
GrafTech244.48St. Marys Machining FacilityUSAElectrode/Pin machiningPartially idled (electrode production suspended in 2024)------
GrafTech244.48Seadrift Needle Coke PlantUSAPetroleum Needle CokeProduction----140,000-
Green Africa MineralsNot ListedMorogoro Graphite projectTanzaniaFlakeExploration----0-
Green Battery Minerals1.25Berkwood Graphite ProjectCanadaFlakeExploration ----0-
Green Critical Minerals14.81McIntoshAustraliaHigh Purity FlakeFeasibility272M AUD (Pre tax)-30.2Mt @ 4.4% TCG-0-
Greenroc Strategic Materials 4.01Amitsoq Graphite ProjectGreenlandFlakeFeasibility621M/ 8% (Combined)-23.05Mt @ 20.41% TCGYes80,000-
Greenroc Strategic Materials 4.01Amitsoq AAM ProjectNorwayCSPGFeasibility621M/ 8% (Combined)--Yes39,7001872
Greenwing Resources 4.84GraphmadaMadagascarFlakeCare and Maintnance--61.9Mt at 4.5% TCG-0-
HAZER Group 43.46Commercial Demonstration PlantAustraliaHazer Graphite-----0-
NH3 Clean Energy8.17McIntoshAustraliaFlakeCare and Maintnance--61.9Mt at 4.5% TCG-0-
NH3 Clean Energy8.17Ceylon Graphite ProjectUSAFlakeExploration/Drilling----0-
International Graphite 6.09Springdale Graphite ProjectAustraliaFlakeFeasibility603M (AUD - Combined) -49.3Mt @ 6.5% TCGYes50,000485
International Graphite 6.09Collie Downstream ProcessingAustraliaAAMFeasibility603M (AUD - Combined) --Yes18,000-
Invert Graphite4.55Morogoro Graphite ProjectTanzaniaFlakeExploration----0-
iTech4.84Campoona ProjectAustraliaFlakeExploration--8.55Mt @ 9% TCG-0-
KahatagahaNot ListedKahatagahaSri LankaVein Production------
Kingsland Minerals5.25Leliyn Graphite ProjectAustraliaFlakeFeasibility--194.6Mt @ 7.3% TCG---
Leading Edge Materials21.07Woxna GraphiteSwedenFlakeCare and Maintnance317M/8% (Pre tax)-10.8Mt @7.72% TCGYes16,584-
Leading Edge Materials21.07Woxna Graphite (CSPG)SwedenCSPGFeasibility317M/8% (Pre tax)--Yes7,4350
Lincoln Minerals6.47Kookaburra GraphiteAustraliaFlakeFeasibility--12.8Mt @7.6% TCGYes60,000-100,000-
Lincoln Minerals6.47BAM ProjectAustraliaPSGFeasibility---Yes--
Lithium Energy 26.07Battery Anode Material AustraliaPSG----Yes0-
Lomiko Metals4.51La Loutre ProjectCanadaFlakeFeasibility$185M/8% (CAD)064.7Mt at 4.59% TCG-97,400406
Magnis Energy Technologies 31.69Nachu ProjectTanzaniaFlakeDevelopment-ready1.2B/10%76.3Mt @ 4.8% TCG174Mt @ 5.4% TCG-236,000639
Magnis Energy Technologies 31.69iM3NY Lithium-ion Battery PlantUSABatteriesRefer to MNS Anncouemnets ----0-
Marula Mining11.41Bagamoyo Graphite MineTanzaniaFlakeExploration------
Marula Mining11.41Nyorinyori and Nyorigreen Graphite MineTanzaniaFlakeExploration------
MargosaNot ListedRidee Ganga Sri LankaVein Exploration--2.5Mt @ 78.19%TCG---
MargosaNot ListedAluketiyāSri LankaVein Exploration------
MargosaNot ListedDumbaraSri LankaVein Exploration------
MargosaNot ListedWaharakaSri LankaVein Exploration------
MargosaNot ListedKithulgalaSri LankaVein Exploration------
Mason Resources8.28Shareholder of Black Swan Graphene Inc0------0-
Metals Australia 9.63Lac CarheilCanadaFlakeFeasibility123M/8% (Pre Tax)-13.3Mt @ 11.5% TCG-100,000433
Metals Australia 9.63BAM ProjectCanada/USA PSGFeasibility---Yes--
Mineral Commodities 16.1Skaland (Traelen) MineNorwayFlakeProduction52M/7%0.640Mt @ 24.8% TCG1.84Mt @ 23.6% TCGYes15,000396
Mineral Commodities 16.1Munglinup Graphite ProjectAustraliaFlakeFeasibility124M/7%4.24Mt @ 12.8%TCG7.99Mt @ 12.2% TCGYes52,000538
Mineral Commodities 16.1Active Anode Materials Plant (Carbo)NorwayAAMFeasibility821M/7%--Yes51,0001610
NEO Battery Materials63.22Silicon Anode Project South KoreaSilicon Anodes-----0-
NextSource Materials50.38Molo Mine MadagascarSuperFlake® graphite concentrateProduction370M/8%023.62Mt @ 6.32%Yes150,000638.53
NextSource Materials50.38Battery Anode FacilitiesPort Louis - MauritiusCSPGFeasibility---Yes0-
NGX Limited 8.27MalingundeMalawiFlakeFeasibility119M/10%9.5Mt @ 9.5% TGC65Mt @ 7.2% TGC-52,000396
NGX Limited 8.27NanzekaMalawiFlakeExploration--0---
NGX Limited 8.27DuwiMalawiFlakeFeasibility--85.9Mt @ 7.1% TGC---
NGX Limited 8.27LifidziMalawiFlakeExploration------
NGX Limited 8.27MsinjaMalawiFlakeExploration------
NGX Limited 8.27AAM ProjectMalawiCSPGFeasibility---Yes--
Noble Mineral Exploration6.25BuckinghamCanadaFlakeExploration----0-
Northern Graphite8.24Bissett Creek ProjectCanadaFlakeDevelopment-ready----44,000-
Northern Graphite8.24Okanjande MineNamibiaFlakeCare and Maintnance----31,000-
Northern Graphite8.24Lac des Iles MineCanadaFlakeProduction----15,000-
Northern Graphite8.24Battery Anode Material from Baie-ComeauCanadaCSPGFeasibility---Yes200,000-
Nouveau Monde Graphite228.67Matawinie ProjectCanadaFlakeDevelopment----103,000-
Nouveau Monde Graphite228.67Lac Gueret (Uatnan) ProjectCanadaFlakeDevelopment-65.64Mt @ 17.2%--500,000268 (CAD)
Nouveau Monde Graphite228.67Becancour Battery Material PlantCanadaAAMConstruction----43,000-
Novonix 192.07Novonix Anode Material USASyntheticProduction ----20,000-
Novonix /Lithium Energy 0Corella Graphite AustraliaFlakeExploration----0-
Novonix/Lithium Energy 0Burke/Mt Dromedary/CorellaAustraliaFlakeExploration----0-
OAR Resources 0Oar Graphite ProjectAustraliaFlakeExploration/Drilling--13.47Mt @ 3.3% TG-0-
Quantum Graphite 103.49Uley Graphite Project AustraliaFlakeFeasibility--7.2Mt @ 10.5% TGC-100,000401
Renascor Resources 75.17Siviour MineAustralia FlakeAdvanced development$1.5B/10% (Combined)61.8Mt @ 7% TCG123.6Mt @ 6.9% TCGYes150,000405
Renascor Resources 75.17Bolivar FacilityAustralia PSGDevelopment stage$1.5B/10% (Combined)--Yes100,0001782
Sarytogan Graphite 5.81Sarytogan Graphite ProjectKazakhstanMultipleFeasibility$518M/8% (Combined & Pre Tax)8.6Mt @ 30% TCG229MT @ 28.9%TCGYes0-
Sarytogan Graphite 5.81Kenesar Graphite Exploration ProjectKazakhstanFlakeExploration----0-
Sarvisto GraphiteNot ListedSarvisto GraphiteSwedenFlakeDevelopment--4.2MT @ 20.7% TGC-0-
Sayona Mining 130.72Kimberley Graphite ProjectAustraliaFlakeExploration----0-
South Star Battery Metals17.9Santa Cruz ProjectBrazilFlakeEarly stage production81.2M/5%-12.3 Mt @ 2.4%Yes50,000396
South Star Battery Metals17.9BamaStar Project (USA)USAFlakeExploration/Drilling---Yes100,000-
South Star Battery Metals17.9AAMUSAAAMFeasibility1.6B/8%--Yes61,8002625
Sovereign Metals 318.91KASIYA RUTILE-GRAPHITE PROJECTMalawiFlakeFeasibility--23.4Mt @ 1.32%-244,000404
Superior GraphiteNot ListedChicago Plant #1USAGrinding and BlendingProduction------
Superior GraphiteNot ListedChicago Plant #4USAUltra-Fine ProcessingProduction------
Superior GraphiteNot ListedHopkinsville PlantUSAThermal PurificationProduction------
Superior GraphiteNot ListedSundsvall Plant SwedenThermal PurificationProduction------
Syrah Resources 163.91Balama MineMozambiqueFlakeProduction1.1B/10%110Mt @ 16% TCG1036Mt @ 12% TCGYes350,000430
Syrah Resources 163.91Vidalia FacilityUSAAAMEarly stage production208 - 794M 10%--Yes45,0003023
Talga Group 125.72Vittangi ProjectSwedenFlakeDevelopment stage----120,000-
Talga Group 125.72Luleå Anode RefinerySwedenAAMFeasibility----19,500-
Tirupati Graphite11.22VatominaMadagascarFlakeProduction--18.4Mt @ 4.6% TCG-36,000-
Tirupati Graphite11.22SahamamyMadagascarFlakeProduction--7.1Mt @ 4.2% TCG-18,000-
Tirupati Graphite11.22MontepuezMozambiqueFlakeDevelopment-ready--76.9Mt @ 7.3% TCG & 42.6Mt @ 9.5% TCG-250,000-
Tirupati Graphite11.22Balama CentralMozambiqueFlakeDevelopment-ready--21.9Mt @ 10.2% TCG & 11Mt @ 10.2% TCG-100,000-
Titan Mining40.01Kilbourne Graphite Project USAFlakeExploration----0-
Triton Minerals 4.93Ancuabe Graphite ProjectMozambiqueFlakeFeasibility298M /10% (Pre tax)24.9Mt @ 6.2%46.1Mt @ 6.6% TCG-70,000634
Triton Minerals 4.93Cobra Plains Graphite ProjectMozambiqueFlakeExploration--103Mt @ 5.2% TCG-0-
Westwater Resources39.42Kellyton PlantUSAAAMDevelopment1.4B/8%--Yes50,000N/A
UrbixNot ListedAdvanced Graphite Processing FacilityUSACSPGDevelopment---Yes - Graphcoa10,000-
Volt Carbon Technologies 3.33Lochaber CanadaFlakeExploration ------
Volt Resources 14.74Zavalievsky MineUkraine FlakeProduction--22.9Mt @ 6.8% TGCYes7,300-
Volt Resources 14.74Bunyu MineTanzaniaFlakeFeasibility36.4M/7.5%127Mt at 4.4% TGC461Mt @ 4.9 TCGYes170,000670
Volt Resources 14.74Alabama FacilityUSAAAMFeasibility---Yes7,500-
Walkabout Resources 40.12Lindi Jumbo ProjectTanzaniaFlakeCompany in Administration197M/10%5.5Mt @ 17.9% TCG41.8Mt & 10.8% TCG-40,000347
Westwater Resources39.42Coosa ProjectUSAFlakeFeasibility190M/ 8%--Yes99,000-
Westwater Resources39.42BAMA Mine ProjectUSAFlakeExploration---Yes0-
Westwater Resources39.42Kellyton PlantUSAAAMDevelopment1.4B/8%--Yes50,000N/A
ZenteckNot ListedAlbany depositCanadaFlakeFeasibility------