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We endeavour to update this as regularly as possible, but there could be errors or outdated information.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 19 July 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 Technologies1.11Queens 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 Resources9.9GuemamSouth KoreaFlakeExploration------
Battery Mineral Resources9.9TaehwaSouth KoreaFlakeExploration------
Beowulfmining8.41Aitolampi Graphite ProjectFinlandFlakeExploration--26.7Mt @ 4.8% TGCYes0-
Beowulfmining8.41Graphite 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 26.85Mahenge MineTanzaniaHigh Purity FlakeConstruction-ready1.4B/10%70Mt at 8.5% TGC 213Mt @ 7.8% TGC-340,000518
Black Swan Graphene43.82Black Swan MineAustralia GrapheneCollaboration with various entities ----0-
Blencowe Resources 17.46Orom-Cross Graphite ProjectUgandaFlakeFeasibility482M/ 8% -24.5Mt @ 6% TCG-101,000499
Buxton Resources 10.7The Graphite Bull ProjectAustraliaFlakeExploration--4.0Mt @ 16.2% TGC-0-
Canada Carbon 2.65Miller MineCanadaFlakeCare and Maintnance------
Canada Carbon 2.65Asbury 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 6.04Kambale Graphite projectGhanaFlakeExploration--22.4Mt @ 8.6% TCG-0-
Ceylon Graphite2.53K1 DevelopmentSri LankaVein Production----0-
Ceylon Graphite2.53M1 DevelopmentSri LankaVein Exploration----0-
Ceylon Graphite2.53H1 DevelopmentSri LankaVein Exploration----0-
Ceylon Graphite2.53P1 DevelopmentSri LankaVein Exploration----0-
Cullinan Metals0.456Lac-Des-Iles West Graphite ProjectCanadaFlakeExploration----0-
E-Power Resources2.41Tetepisca CanadaFlakeExploration-4.7Mt @ 27.8% TCG>100Mt @ 14% TCG-0-
E-Power Resources2.41TurgeonCanadaFlakeExploration----0-
EcoGraf110.91EpankoTanzaniaFlakeDevelopment-ready348M/10% (Pre Tax)14.3Mt @ 8.8% TGC290.8Mt at 7.2% TGC -73,000508
EcoGraf110.91Mechanical Shaping Facility TanzaniaPSGFeasibility---Yes--
EcoGraf110.91Purification Facility AustraliaCSPGFeasibility---Yes--
Elcora Advanced Materials1.49Sakura graphite mine Sri LankaVein Production----0-
Emergent Metals1.13Casa BerardiCanadaFlakeExploration----0-
Evion 7.08Maniry ProjectMadagascarFlakeDevelopment stage263M/ 8% (Pre Tax)16.2Mt @ 6.6 TCG40Mt @ 6.5% TCGYes60,000-
Evion 7.08Panthera Graphite TechnologiesIndiaExpandable Production100M (Pre tax)--Yes5,000-
Evion 7.08Battery Anode Material ProjectGermanyCSPGFeasibility----0-
Evolution Energy Minerals 3.78Chilalo ProjectTanzaniaFlakeDevelopment stage338M/8%8Mt @ 10.5% TCG67.3Mt @ 5.4% TCG-52,000773
Evolution Energy Minerals 3.78AAM ProjectTBDCSPGFeasibility---Yes--
Falcon Energy Materials41.63Lola Graphite ProjectRepublic of GuineaFlakeFeasibility218M/8%046.3Mt @ 4.09% TCG-100,000587.6
Falcon Energy Materials41.63AAM ProjectMoroccoCSPGFeasibility---Yes25,000-
First Graphene 13.65PureGRAPH® AustraliaGrapheneProduction----1,000-
Focus Graphite8.8Lac KnifeCanadaFlakeFeasibility285.7M/8%9,31Mt @ 14.97% TCG12Mt @ 15.34% TCG-50,000540.48
Focus Graphite8.8Lac TétépiscaCanadaFlakeExploration --59.3Mt @ 10.61%-0-
Global Li-Ion Graphite0.99Amabato Arana mineMadagascarFlakeCare and Maintnance----0-
Graphano Energy1.31Lac Aux Bouleaux GraphiteCanadaFlakeExploration ----0-
Graphano Energy1.31Dudley and Lac Vert-Bouthillier graphiteCanadaFlakeExploration ----0-
Graphano Energy1.31Standard PropertyCanadaFlakeExploration ----0-
GraphcoaNot ListedGraphcoaBrazilFlakeEarly stage production---Yes - Urbix65,500-
GraphinexNot ListedEsmeralda Graphite ProjectAustraliaFlakeFeasibility---Yes0-
GraphinexNot ListedEsmeralda Graphite ProjectAustraliaCSPGFeasibility---Yes0-
Graphite One101.22Graphite CreekUSAFlakeFeasibility1.36B/8%-37.6Mt @ 5.1% TCGYes183,000-
Graphite One101.22Advanced Graphite Materials ManufacturingUSACSPGExploration---Yes25,000-
Gratomic4.38Aukam Graphite ProjectNamibiaVein Exploration----22,000-
Gratomic4.38Buckingham Graphite CanadaFlakeExploration----0-
Gratomic4.38 Jacobina and Igrapiuna GraphiteBrazilFlakeExploration----0-
Gratomic4.38Capim Grosso BrazilFlakeExploration----0-
GrafTech376.9Calais Electrode FacilityFranceElectrodeProduction------
GrafTech376.9Pamplona Electrode & Pin FacilitySpainElectrode/Connecting PinProduction------
GrafTech376.9Monterrey Electrode & Pin FacilityMexicoElectrode/Primary PinProduction------
GrafTech376.9St. Marys Machining FacilityUSAElectrode/Pin machiningPartially idled (electrode production suspended in 2024)------
GrafTech376.9Seadrift Needle Coke PlantUSAPetroleum Needle CokeProduction----140,000-
Green Africa MineralsNot ListedMorogoro Graphite projectTanzaniaFlakeExploration----0-
Green Battery Minerals0.77Berkwood Graphite ProjectCanadaFlakeExploration ----0-
Green Critical Minerals51.17McIntoshAustraliaHigh Purity FlakeFeasibility272M AUD (Pre tax)-30.2Mt @ 4.4% TCG-0-
Greenroc Strategic Materials 8.36Amitsoq Graphite ProjectGreenlandFlakeFeasibility621M/ 8% (Combined)-23.05Mt @ 20.41% TCGYes80,000-
Greenroc Strategic Materials 8.36Amitsoq AAM ProjectNorwayCSPGFeasibility621M/ 8% (Combined)--Yes39,7001872
Greenwing Resources 6.17GraphmadaMadagascarFlakeCare and Maintnance--61.9Mt at 4.5% TCG-0-
HAZER Group 60.51Commercial Demonstration PlantAustraliaHazer Graphite-----0-
NH3 Clean Energy26.52McIntoshAustraliaFlakeCare and Maintnance--61.9Mt at 4.5% TCG-0-
NH3 Clean Energy26.52Ceylon Graphite ProjectUSAFlakeExploration/Drilling----0-
International Graphite 6.81Springdale Graphite ProjectAustraliaFlakeFeasibility603M (AUD - Combined) -49.3Mt @ 6.5% TCGYes50,000485
International Graphite 6.81Collie Downstream ProcessingAustraliaAAMFeasibility603M (AUD - Combined) --Yes18,000-
Invert Graphite4.71Morogoro Graphite ProjectTanzaniaFlakeExploration----0-
iTech3.34Campoona ProjectAustraliaFlakeExploration--8.55Mt @ 9% TCG-0-
KahatagahaNot ListedKahatagahaSri LankaVein Production------
Kingsland Minerals6.85Leliyn Graphite ProjectAustraliaFlakeFeasibility--194.6Mt @ 7.3% TCG---
Leading Edge Materials27.06Woxna GraphiteSwedenFlakeCare and Maintnance317M/8% (Pre tax)-10.8Mt @7.72% TCGYes16,584-
Leading Edge Materials27.06Woxna Graphite (CSPG)SwedenCSPGFeasibility317M/8% (Pre tax)--Yes7,4350
Lincoln Minerals9.58Kookaburra GraphiteAustraliaFlakeFeasibility77M/10% (Pre Tax)-12.8Mt @7.6% TCGYes60,000517
Lincoln Minerals9.58BAM ProjectAustraliaPSGFeasibility---Yes--
Lithium Energy 26.98Battery Anode Material AustraliaPSG----Yes0-
Lomiko Metals4.76La Loutre ProjectCanadaFlakeFeasibility$185M/8% (CAD)064.7Mt at 4.59% TCG-97,400406
Magnis Energy Technologies 32.8Nachu ProjectTanzaniaFlakeDevelopment-ready1.2B/10%76.3Mt @ 4.8% TCG174Mt @ 5.4% TCG-236,000639
Magnis Energy Technologies 32.8iM3NY Lithium-ion Battery PlantUSABatteriesRefer to MNS Anncouemnets ----0-
Marula Mining9.09Bagamoyo Graphite MineTanzaniaFlakeExploration------
Marula Mining9.09Nyorinyori 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 Resources11.1Shareholder of Black Swan Graphene Inc0------0-
Metals Australia 9.49Lac CarheilCanadaFlakeFeasibility123M/8% (Pre Tax)-13.3Mt @ 11.5% TCG-100,000433
Metals Australia 9.49BAM ProjectCanada/USA PSGFeasibility---Yes--
Mineral Commodities 16.67Skaland (Traelen) MineNorwayFlakeProduction52M/7%0.640Mt @ 24.8% TCG1.84Mt @ 23.6% TCGYes15,000396
Mineral Commodities 16.67Munglinup Graphite ProjectAustraliaFlakeFeasibility124M/7%4.24Mt @ 12.8%TCG7.99Mt @ 12.2% TCGYes52,000538
Mineral Commodities 16.67Active Anode Materials Plant (Carbo)NorwayAAMFeasibility821M/7%--Yes51,0001610
NEO Battery Materials44.47Silicon Anode Project South KoreaSilicon Anodes-----0-
NextSource Materials43.77Molo Mine MadagascarSuperFlake® graphite concentrateProduction370M/8%023.62Mt @ 6.32%Yes150,000638.53
NextSource Materials43.77Battery Anode FacilitiesPort Louis - MauritiusCSPGFeasibility---Yes0-
NGX Limited 7.67MalingundeMalawiFlakeFeasibility119M/10%9.5Mt @ 9.5% TGC65Mt @ 7.2% TGC-52,000396
NGX Limited 7.67NanzekaMalawiFlakeExploration--0---
NGX Limited 7.67DuwiMalawiFlakeFeasibility--85.9Mt @ 7.1% TGC---
NGX Limited 7.67LifidziMalawiFlakeExploration------
NGX Limited 7.67MsinjaMalawiFlakeExploration------
NGX Limited 7.67AAM ProjectMalawiCSPGFeasibility---Yes--
Noble Mineral Exploration4.01BuckinghamCanadaFlakeExploration----0-
Northern Graphite12.67Bissett Creek ProjectCanadaFlakeDevelopment-ready----44,000-
Northern Graphite12.67Okanjande MineNamibiaFlakeCare and Maintnance----31,000-
Northern Graphite12.67Lac des Iles MineCanadaFlakeProduction----15,000-
Northern Graphite12.67Battery Anode Material from Baie-ComeauCanadaCSPGFeasibility---Yes200,000-
Nouveau Monde Graphite322.74Matawinie ProjectCanadaFlakeDevelopment----103,000-
Nouveau Monde Graphite322.74Lac Gueret (Uatnan) ProjectCanadaFlakeDevelopment-65.64Mt @ 17.2%--500,000268 (CAD)
Nouveau Monde Graphite322.74Becancour Battery Material PlantCanadaAAMConstruction----43,000-
Novonix 226.06Novonix 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 111.67Uley Graphite Project AustraliaFlakeFeasibility--7.2Mt @ 10.5% TGC-100,000401
Renascor Resources 117.57Siviour MineAustralia FlakeAdvanced development$1.5B/10% (Combined)61.8Mt @ 7% TCG123.6Mt @ 6.9% TCGYes150,000405
Renascor Resources 117.57Bolivar FacilityAustralia PSGDevelopment stage$1.5B/10% (Combined)--Yes100,0001782
Sarytogan Graphite 7.54Sarytogan Graphite ProjectKazakhstanMultipleFeasibility$518M/8% (Combined & Pre Tax)8.6Mt @ 30% TCG229MT @ 28.9%TCGYes0-
Sarytogan Graphite 7.54Kenesar Graphite Exploration ProjectKazakhstanFlakeExploration----0-
Sarvisto GraphiteNot ListedSarvisto GraphiteSwedenFlakeDevelopment--4.2MT @ 20.7% TGC-0-
Sayona Mining 165.35Kimberley Graphite ProjectAustraliaFlakeExploration----0-
South Star Battery Metals11.47Santa Cruz ProjectBrazilFlakeEarly stage production81.2M/5%-12.3 Mt @ 2.4%Yes50,000396
South Star Battery Metals11.47BamaStar Project (USA)USAFlakeExploration/Drilling---Yes100,000-
South Star Battery Metals11.47AAMUSAAAMFeasibility1.6B/8%--Yes61,8002625
Sovereign Metals 307.5KASIYA 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 247.7Balama MineMozambiqueFlakeProduction1.1B/10%110Mt @ 16% TCG1036Mt @ 12% TCGYes350,000430
Syrah Resources 247.7Vidalia FacilityUSAAAMEarly stage production208 - 794M 10%--Yes45,0003023
Talga Group 130.34Vittangi ProjectSwedenFlakeDevelopment stage----120,000-
Talga Group 130.34Luleå Anode RefinerySwedenAAMFeasibility----19,500-
Tirupati Graphite11.64VatominaMadagascarFlakeProduction--18.4Mt @ 4.6% TCG-36,000-
Tirupati Graphite11.64SahamamyMadagascarFlakeProduction--7.1Mt @ 4.2% TCG-18,000-
Tirupati Graphite11.64MontepuezMozambiqueFlakeDevelopment-ready--76.9Mt @ 7.3% TCG & 42.6Mt @ 9.5% TCG-250,000-
Tirupati Graphite11.64Balama CentralMozambiqueFlakeDevelopment-ready--21.9Mt @ 10.2% TCG & 11Mt @ 10.2% TCG-100,000-
Titan Mining111.25Kilbourne Graphite Project USAFlakeExploration----0-
Triton Minerals 6.13Ancuabe Graphite ProjectMozambiqueFlakeFeasibility298M /10% (Pre tax)24.9Mt @ 6.2%46.1Mt @ 6.6% TCG-70,000634
Triton Minerals 6.13Cobra Plains Graphite ProjectMozambiqueFlakeExploration--103Mt @ 5.2% TCG-0-
Westwater Resources69.14Kellyton PlantUSAAAMDevelopment1.4B/8%--Yes50,000N/A
UrbixNot ListedAdvanced Graphite Processing FacilityUSACSPGDevelopment---Yes - Graphcoa10,000-
Volt Carbon Technologies 3.56Lochaber CanadaFlakeExploration ------
Volt Resources 15.25Zavalievsky MineUkraine FlakeProduction--22.9Mt @ 6.8% TGCYes7,300-
Volt Resources 15.25Bunyu MineTanzaniaFlakeFeasibility36.4M/7.5%127Mt at 4.4% TGC461Mt @ 4.9 TCGYes170,000670
Volt Resources 15.25Alabama FacilityUSAAAMFeasibility---Yes7,500-
Walkabout Resources 41.52Lindi Jumbo ProjectTanzaniaFlakeCompany in Administration197M/10%5.5Mt @ 17.9% TCG41.8Mt & 10.8% TCG-40,000347
Westwater Resources69.14Coosa ProjectUSAFlakeFeasibility190M/ 8%--Yes99,000-
Westwater Resources69.14BAMA Mine ProjectUSAFlakeExploration---Yes0-
Westwater Resources69.14Kellyton PlantUSAAAMDevelopment1.4B/8%--Yes50,000N/A
ZenteckNot ListedAlbany depositCanadaFlakeFeasibility------