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We endeavour to update this as regularly as possible, but there could be errors or outdated information.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 10 May 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 Technologies1.69Queens Mine ComplexSri LankaVein Development----50,0000
Argyle Resources14.57FrenchvaleCanadaFlakeExploration------
Armadale Capital0Mahenge Graphite Project TanzaniaFlakeDevelopment stage430M/10%-20.4Mt @ 9.8% TGC-90,000369
Battery Mineral Resources9.75GuemamSouth KoreaFlakeExploration------
Battery Mineral Resources9.75TaehwaSouth KoreaFlakeExploration------
Beowulfmining6.45Aitolampi Graphite ProjectFinlandFlakeExploration--26.7Mt @ 4.8% TGCYes0-
Beowulfmining6.45Graphite 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 18.83Mahenge MineTanzaniaHigh Purity FlakeConstruction-ready1.4B/10%70Mt at 8.5% TGC 213Mt @ 7.8% TGC-340,000518
Black Swan Graphene22.21Black Swan MineAustralia GrapheneCollaboration with various entities ----0-
Blencowe Resources 12.54Orom-Cross Graphite ProjectUgandaFlakeFeasibility482M/ 8% -24.5Mt @ 6% TCG-101,000499
Buxton Resources 5.13The Graphite Bull ProjectAustraliaFlakeExploration--4.0Mt @ 16.2% TGC-0-
Canada Carbon 1.54Miller MineCanadaFlakeCare and Maintnance------
Canada Carbon 1.54Asbury 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 5.28Kambale Graphite projectGhanaFlakeExploration--22.4Mt @ 8.6% TCG-0-
Ceylon Graphite2.5K1 DevelopmentSri LankaVein Production----0-
Ceylon Graphite2.5M1 DevelopmentSri LankaVein Exploration----0-
Ceylon Graphite2.5H1 DevelopmentSri LankaVein Exploration----0-
Ceylon Graphite2.5P1 DevelopmentSri LankaVein Exploration----0-
Cullinan Metals0.456Lac-Des-Iles West Graphite ProjectCanadaFlakeExploration----0-
E-Power Resources1.52Tetepisca CanadaFlakeExploration-4.7Mt @ 27.8% TCG>100Mt @ 14% TCG-0-
E-Power Resources1.52TurgeonCanadaFlakeExploration----0-
EcoGraf80.01EpankoTanzaniaFlakeDevelopment-ready348M/10% (Pre Tax)14.3Mt @ 8.8% TGC290.8Mt at 7.2% TGC -73,000508
EcoGraf80.01Mechanical Shaping Facility TanzaniaPSGFeasibility---Yes--
EcoGraf80.01Purification Facility AustraliaCSPGFeasibility---Yes--
Elcora Advanced Materials1.53Sakura graphite mine Sri LankaVein Production----0-
Emergent Metals1.67Casa BerardiCanadaFlakeExploration----0-
Evion 4.74Maniry ProjectMadagascarFlakeDevelopment stage263M/ 8% (Pre Tax)16.2Mt @ 6.6 TCG40Mt @ 6.5% TCGYes60,000-
Evion 4.74Panthera Graphite TechnologiesIndiaExpandable Production100M (Pre tax)--Yes5,000-
Evion 4.74Battery Anode Material ProjectGermanyCSPGFeasibility----0-
Evolution Energy Minerals 2.09Chilalo ProjectTanzaniaFlakeDevelopment stage338M/8%8Mt @ 10.5% TCG67.3Mt @ 5.4% TCG-52,000773
Evolution Energy Minerals 2.09AAM ProjectTBDCSPGFeasibility---Yes--
Falcon Energy Materials47.25Lola Graphite ProjectRepublic of GuineaFlakeFeasibility218M/8%046.3Mt @ 4.09% TCG-100,000587.6
Falcon Energy Materials47.25AAM ProjectMoroccoCSPGFeasibility---Yes25,000-
First Graphene 19.19PureGRAPH® AustraliaGrapheneProduction----1,000-
Focus Graphite4.6Lac KnifeCanadaFlakeFeasibility285.7M/8%9,31Mt @ 14.97% TCG12Mt @ 15.34% TCG-50,000540.48
Focus Graphite4.6Lac TétépiscaCanadaFlakeExploration --59.3Mt @ 10.61%-0-
Global Li-Ion Graphite1.3Amabato Arana mineMadagascarFlakeCare and Maintnance----0-
Graphano Energy1.17Lac Aux Bouleaux GraphiteCanadaFlakeExploration ----0-
Graphano Energy1.17Dudley and Lac Vert-Bouthillier graphiteCanadaFlakeExploration ----0-
Graphano Energy1.17Standard PropertyCanadaFlakeExploration ----0-
GraphcoaNot ListedGraphcoaBrazilFlakeEarly stage production---Yes - Urbix65,500-
GraphinexNot ListedEsmeralda Graphite ProjectAustraliaFlakeFeasibility---Yes0-
GraphinexNot ListedEsmeralda Graphite ProjectAustraliaCSPGFeasibility---Yes0-
Graphite One81.92Graphite CreekUSAFlakeFeasibility1.36B/8%-37.6Mt @ 5.1% TCGYes183,000-
Graphite One81.92Advanced Graphite Materials ManufacturingUSACSPGExploration---Yes25,000-
Gratomic4.31Aukam Graphite ProjectNamibiaVein Exploration----22,000-
Gratomic4.31Buckingham Graphite CanadaFlakeExploration----0-
Gratomic4.31 Jacobina and Igrapiuna GraphiteBrazilFlakeExploration----0-
Gratomic4.31Capim Grosso BrazilFlakeExploration----0-
GrafTech202.49Calais Electrode FacilityFranceElectrodeProduction------
GrafTech202.49Pamplona Electrode & Pin FacilitySpainElectrode/Connecting PinProduction------
GrafTech202.49Monterrey Electrode & Pin FacilityMexicoElectrode/Primary PinProduction------
GrafTech202.49St. Marys Machining FacilityUSAElectrode/Pin machiningPartially idled (electrode production suspended in 2024)------
GrafTech202.49Seadrift Needle Coke PlantUSAPetroleum Needle CokeProduction----140,000-
Green Africa MineralsNot ListedMorogoro Graphite projectTanzaniaFlakeExploration----0-
Green Battery Minerals0.93Berkwood Graphite ProjectCanadaFlakeExploration ----0-
Green Critical Minerals18.85McIntoshAustraliaHigh Purity FlakeFeasibility272M AUD (Pre tax)-30.2Mt @ 4.4% TCG-0-
Greenroc Strategic Materials 10.47Amitsoq Graphite ProjectGreenlandFlakeFeasibility621M/ 8% (Combined)-23.05Mt @ 20.41% TCGYes80,000-
Greenroc Strategic Materials 10.47Amitsoq AAM ProjectNorwayCSPGFeasibility621M/ 8% (Combined)--Yes39,7001872
Greenwing Resources 5.27GraphmadaMadagascarFlakeCare and Maintnance--61.9Mt at 4.5% TCG-0-
HAZER Group 64.98Commercial Demonstration PlantAustraliaHazer Graphite-----0-
NH3 Clean Energy9.77McIntoshAustraliaFlakeCare and Maintnance--61.9Mt at 4.5% TCG-0-
NH3 Clean Energy9.77Ceylon Graphite ProjectUSAFlakeExploration/Drilling----0-
International Graphite 7.81Springdale Graphite ProjectAustraliaFlakeFeasibility603M (AUD - Combined) -49.3Mt @ 6.5% TCGYes50,000485
International Graphite 7.81Collie Downstream ProcessingAustraliaAAMFeasibility603M (AUD - Combined) --Yes18,000-
Invert Graphite4.63Morogoro Graphite ProjectTanzaniaFlakeExploration----0-
iTech4.27Campoona ProjectAustraliaFlakeExploration--8.55Mt @ 9% TCG-0-
KahatagahaNot ListedKahatagahaSri LankaVein Production------
Kingsland Minerals5.11Leliyn Graphite ProjectAustraliaFlakeFeasibility--194.6Mt @ 7.3% TCG---
Leading Edge Materials29.16Woxna GraphiteSwedenFlakeCare and Maintnance317M/8% (Pre tax)-10.8Mt @7.72% TCGYes16,584-
Leading Edge Materials29.16Woxna Graphite (CSPG)SwedenCSPGFeasibility317M/8% (Pre tax)--Yes7,4350
Lincoln Minerals6.73Kookaburra GraphiteAustraliaFlakeFeasibility77M/10% (Pre Tax)-12.8Mt @7.6% TCGYes60,000517
Lincoln Minerals6.73BAM ProjectAustraliaPSGFeasibility---Yes--
Lithium Energy 26.55Battery Anode Material AustraliaPSG----Yes0-
Lomiko Metals4.03La Loutre ProjectCanadaFlakeFeasibility$185M/8% (CAD)064.7Mt at 4.59% TCG-97,400406
Magnis Energy Technologies 32.27Nachu ProjectTanzaniaFlakeDevelopment-ready1.2B/10%76.3Mt @ 4.8% TCG174Mt @ 5.4% TCG-236,000639
Magnis Energy Technologies 32.27iM3NY Lithium-ion Battery PlantUSABatteriesRefer to MNS Anncouemnets ----0-
Marula Mining13.21Bagamoyo Graphite MineTanzaniaFlakeExploration------
Marula Mining13.21Nyorinyori 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 Resources9.12Shareholder of Black Swan Graphene Inc0------0-
Metals Australia 8.87Lac CarheilCanadaFlakeFeasibility123M/8% (Pre Tax)-13.3Mt @ 11.5% TCG-100,000433
Metals Australia 8.87BAM ProjectCanada/USA PSGFeasibility---Yes--
Mineral Commodities 16.4Skaland (Traelen) MineNorwayFlakeProduction52M/7%0.640Mt @ 24.8% TCG1.84Mt @ 23.6% TCGYes15,000396
Mineral Commodities 16.4Munglinup Graphite ProjectAustraliaFlakeFeasibility124M/7%4.24Mt @ 12.8%TCG7.99Mt @ 12.2% TCGYes52,000538
Mineral Commodities 16.4Active Anode Materials Plant (Carbo)NorwayAAMFeasibility821M/7%--Yes51,0001610
NEO Battery Materials51.34Silicon Anode Project South KoreaSilicon Anodes-----0-
NextSource Materials29.21Molo Mine MadagascarSuperFlake® graphite concentrateProduction370M/8%023.62Mt @ 6.32%Yes150,000638.53
NextSource Materials29.21Battery Anode FacilitiesPort Louis - MauritiusCSPGFeasibility---Yes0-
NGX Limited 6.09MalingundeMalawiFlakeFeasibility119M/10%9.5Mt @ 9.5% TGC65Mt @ 7.2% TGC-52,000396
NGX Limited 6.09NanzekaMalawiFlakeExploration--0---
NGX Limited 6.09DuwiMalawiFlakeFeasibility--85.9Mt @ 7.1% TGC---
NGX Limited 6.09LifidziMalawiFlakeExploration------
NGX Limited 6.09MsinjaMalawiFlakeExploration------
NGX Limited 6.09AAM ProjectMalawiCSPGFeasibility---Yes--
Noble Mineral Exploration3.95BuckinghamCanadaFlakeExploration----0-
Northern Graphite9.88Bissett Creek ProjectCanadaFlakeDevelopment-ready----44,000-
Northern Graphite9.88Okanjande MineNamibiaFlakeCare and Maintnance----31,000-
Northern Graphite9.88Lac des Iles MineCanadaFlakeProduction----15,000-
Northern Graphite9.88Battery Anode Material from Baie-ComeauCanadaCSPGFeasibility---Yes200,000-
Nouveau Monde Graphite275.51Matawinie ProjectCanadaFlakeDevelopment----103,000-
Nouveau Monde Graphite275.51Lac Gueret (Uatnan) ProjectCanadaFlakeDevelopment-65.64Mt @ 17.2%--500,000268 (CAD)
Nouveau Monde Graphite275.51Becancour Battery Material PlantCanadaAAMConstruction----43,000-
Novonix 203.73Novonix 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 107.63Uley Graphite Project AustraliaFlakeFeasibility--7.2Mt @ 10.5% TGC-100,000401
Renascor Resources 110.79Siviour MineAustralia FlakeAdvanced development$1.5B/10% (Combined)61.8Mt @ 7% TCG123.6Mt @ 6.9% TCGYes150,000405
Renascor Resources 110.79Bolivar FacilityAustralia PSGDevelopment stage$1.5B/10% (Combined)--Yes100,0001782
Sarytogan Graphite 4.41Sarytogan Graphite ProjectKazakhstanMultipleFeasibility$518M/8% (Combined & Pre Tax)8.6Mt @ 30% TCG229MT @ 28.9%TCGYes0-
Sarytogan Graphite 4.41Kenesar Graphite Exploration ProjectKazakhstanFlakeExploration----0-
Sarvisto GraphiteNot ListedSarvisto GraphiteSwedenFlakeDevelopment--4.2MT @ 20.7% TGC-0-
Sayona Mining 133.11Kimberley Graphite ProjectAustraliaFlakeExploration----0-
South Star Battery Metals16.83Santa Cruz ProjectBrazilFlakeEarly stage production81.2M/5%-12.3 Mt @ 2.4%Yes50,000396
South Star Battery Metals16.83BamaStar Project (USA)USAFlakeExploration/Drilling---Yes100,000-
South Star Battery Metals16.83AAMUSAAAMFeasibility1.6B/8%--Yes61,8002625
Sovereign Metals 259.03KASIYA 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 210.32Balama MineMozambiqueFlakeProduction1.1B/10%110Mt @ 16% TCG1036Mt @ 12% TCGYes350,000430
Syrah Resources 210.32Vidalia FacilityUSAAAMEarly stage production208 - 794M 10%--Yes45,0003023
Talga Group 117.05Vittangi ProjectSwedenFlakeDevelopment stage----120,000-
Talga Group 117.05Luleå Anode RefinerySwedenAAMFeasibility----19,500-
Tirupati Graphite11.5VatominaMadagascarFlakeProduction--18.4Mt @ 4.6% TCG-36,000-
Tirupati Graphite11.5SahamamyMadagascarFlakeProduction--7.1Mt @ 4.2% TCG-18,000-
Tirupati Graphite11.5MontepuezMozambiqueFlakeDevelopment-ready--76.9Mt @ 7.3% TCG & 42.6Mt @ 9.5% TCG-250,000-
Tirupati Graphite11.5Balama CentralMozambiqueFlakeDevelopment-ready--21.9Mt @ 10.2% TCG & 11Mt @ 10.2% TCG-100,000-
Titan Mining61.69Kilbourne Graphite Project USAFlakeExploration----0-
Triton Minerals 5.02Ancuabe Graphite ProjectMozambiqueFlakeFeasibility298M /10% (Pre tax)24.9Mt @ 6.2%46.1Mt @ 6.6% TCG-70,000634
Triton Minerals 5.02Cobra Plains Graphite ProjectMozambiqueFlakeExploration--103Mt @ 5.2% TCG-0-
Westwater Resources37.79Kellyton PlantUSAAAMDevelopment1.4B/8%--Yes50,000N/A
UrbixNot ListedAdvanced Graphite Processing FacilityUSACSPGDevelopment---Yes - Graphcoa10,000-
Volt Carbon Technologies 2.57Lochaber CanadaFlakeExploration ------
Volt Resources 15.01Zavalievsky MineUkraine FlakeProduction--22.9Mt @ 6.8% TGCYes7,300-
Volt Resources 15.01Bunyu MineTanzaniaFlakeFeasibility36.4M/7.5%127Mt at 4.4% TGC461Mt @ 4.9 TCGYes170,000670
Volt Resources 15.01Alabama FacilityUSAAAMFeasibility---Yes7,500-
Walkabout Resources 40.85Lindi Jumbo ProjectTanzaniaFlakeCompany in Administration197M/10%5.5Mt @ 17.9% TCG41.8Mt & 10.8% TCG-40,000347
Westwater Resources37.79Coosa ProjectUSAFlakeFeasibility190M/ 8%--Yes99,000-
Westwater Resources37.79BAMA Mine ProjectUSAFlakeExploration---Yes0-
Westwater Resources37.79Kellyton PlantUSAAAMDevelopment1.4B/8%--Yes50,000N/A
ZenteckNot ListedAlbany depositCanadaFlakeFeasibility------