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We endeavour to update this as regularly as possible, but there could be errors or outdated information.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 15 February 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.
Applied Graphite Technologies2.32Queens Mine ComplexSri LankaVein Development----50,0000
Argyle Resources13.12FrenchvaleCanadaFlakeExploration------
Armadale Capital0Mahenge Graphite Project TanzaniaFlakeDevelopment stage430M/10%-20.4Mt @ 9.8% TGC-90,000369
Battery Mineral Resources12.77GuemamSouth KoreaFlakeExploration------
Battery Mineral Resources12.77TaehwaSouth KoreaFlakeExploration------
Beowulfmining7.82Aitolampi Graphite ProjectFinlandFlakeExploration--26.7Mt @ 4.8% TGCYes0-
Beowulfmining7.82Graphite Anode Materials PlantFinlandCSPGFeasibility242M/8%--Yes60,000-
Black Rock Mining 23.81Mahenge MineTanzaniaHigh Purity FlakeConstruction-ready1.4B/10%70Mt at 8.5% TGC 213Mt @ 7.8% TGC-340,000518
Black Swan Graphene25.54Black Swan MineAustralia GrapheneCollaboration with various entities ----0-
Blencowe Resources 14.64Orom-Cross Graphite ProjectUgandaFlakeFeasibility482M/ 8% -24.5Mt @ 6% TCG-101,000499
Buxton Resources 5.07The Graphite Bull ProjectAustraliaFlakeExploration--4.0Mt @ 16.2% TGC-0-
Canada Carbon 3.03Miller MineCanadaFlakeCare and Maintnance------
Canada Carbon 3.03Asbury MineCanadaFlakeCare and Maintnance--4.14Mt @ 3.05% TCG---
Castle Minerals 3.61Kambale Graphite projectGhanaFlakeExploration--22.4Mt @ 8.6% TCG-0-
Ceylon Graphite2.45K1 DevelopmentSri LankaVein Production----0-
Ceylon Graphite2.45M1 DevelopmentSri LankaVein Exploration----0-
Ceylon Graphite2.45H1 DevelopmentSri LankaVein Exploration----0-
Ceylon Graphite2.45P1 DevelopmentSri LankaVein Exploration----0-
Cullinan Metals463421.96Lac-Des-Iles West Graphite ProjectCanadaFlakeExploration----0-
E-Power Resources2.16Tetepisca CanadaFlakeExploration-4.7Mt @ 27.8% TCG>100Mt @ 14% TCG-0-
E-Power Resources2.16TurgeonCanadaFlakeExploration----0-
EcoGraf34.55EpankoTanzaniaFlakeDevelopment-ready348M/10% (Pre Tax)14.3Mt @ 8.8% TGC290.8Mt at 7.2% TGC -73,000508
EcoGraf34.55Mechanical Shaping Facility TanzaniaPSGFeasibility---Yes--
EcoGraf34.55Purification Facility AustraliaCSPGFeasibility---Yes--
Elcora Advanced Materials1.68Sakura graphite mine Sri LankaVein Production----0-
Emergent Metals2.56Casa BerardiCanadaFlakeExploration----0-
Evion 6.69Maniry ProjectMadagascarFlakeDevelopment stage263M/ 8% (Pre Tax)16.2Mt @ 6.6 TCG40Mt @ 6.5% TCGYes60,000-
Evion 6.69Panthera Graphite TechnologiesIndiaExpandable Production100M (Pre tax)--Yes5,000-
Evion 6.69Battery Anode Material ProjectGermanyCSPGFeasibility----0-
Evolution Energy Minerals 3.45Chilalo ProjectTanzaniaFlakeDevelopment stage338M/8%8Mt @ 10.5% TCG67.3Mt @ 5.4% TCG-52,000773
Evolution Energy Minerals 3.45AAM ProjectTBDCSPGFeasibility---Yes--
Falcon Energy Materials53.05Lola Graphite ProjectRepublic of GuineaFlakeFeasibility218M/8%046.3Mt @ 4.09% TCG-100,000587.6
Falcon Energy Materials53.05AAM ProjectMoroccoCSPGFeasibility---Yes25,000-
First Graphene 28.4PureGRAPH® AustraliaGrapheneProduction----1,000-
Focus Graphite5.79Lac KnifeCanadaFlakeFeasibility285.7M/8%9,31Mt @ 14.97% TCG12Mt @ 15.34% TCG-50,000540.48
Focus Graphite5.79Lac TétépiscaCanadaFlakeExploration --59.3Mt @ 10.61%-0-
Global Li-Ion Graphite3.19Amabato Arana mineMadagascarFlakeCare and Maintnance----0-
Graphano Energy0.97Lac Aux Bouleaux GraphiteCanadaFlakeExploration ----0-
Graphano Energy0.97Dudley and Lac Vert-Bouthillier graphiteCanadaFlakeExploration ----0-
Graphano Energy0.97Standard PropertyCanadaFlakeExploration ----0-
GraphcoaNot ListedGraphcoaBrazilFlakeEarly stage production---Yes - Urbix65,500-
GraphinexNot ListedEsmeralda Graphite ProjectAustraliaFlakeFeasibility---Yes0-
GraphinexNot ListedEsmeralda Graphite ProjectAustraliaCSPGFeasibility---Yes0-
Graphite One93.12Graphite CreekUSAFlakeFeasibility1.36B/8%-37.6Mt @ 5.1% TCGYes183,000-
Graphite One93.12Advanced Graphite Materials ManufacturingUSACSPGExploration---Yes25,000-
Gratomic6.36Aukam Graphite ProjectNamibiaVein Exploration----22,000-
Gratomic6.36Buckingham Graphite CanadaFlakeExploration----0-
Gratomic6.36 Jacobina and Igrapiuna GraphiteBrazilFlakeExploration----0-
Gratomic6.36Capim Grosso BrazilFlakeExploration----0-
Green Africa MineralsNot ListedMorogoro Graphite projectTanzaniaFlakeExploration----0-
Green Battery Minerals1.89Berkwood Graphite ProjectCanadaFlakeExploration ----0-
Green Critical Minerals20.79McIntoshAustraliaHigh Purity FlakeFeasibility272M AUD (Pre tax)-30.2Mt @ 4.4% TCG-0-
Greenroc Strategic Materials 4.51Amitsoq Graphite ProjectGreenlandFlakeFeasibility621M/ 8% (Combined)-23.05Mt @ 20.41% TCGYes80,000-
Greenroc Strategic Materials 4.51Amitsoq AAM ProjectNorwayCSPGFeasibility621M/ 8% (Combined)--Yes39,7001872
Greenwing Resources 5.8GraphmadaMadagascarFlakeCare and Maintnance--61.9Mt at 4.5% TCG-0-
HAZER Group 51.82Commercial Demonstration PlantAustraliaHazer Graphite-----0-
NH3 Clean Energy6.27McIntoshAustraliaFlakeCare and Maintnance--61.9Mt at 4.5% TCG-0-
NH3 Clean Energy6.27Ceylon Graphite ProjectUSAFlakeExploration/Drilling----0-
International Graphite 6.87Springdale Graphite ProjectAustraliaFlakeFeasibility603M (AUD - Combined) -49.3Mt @ 6.5% TCGYes50,000485
International Graphite 6.87Collie Downstream ProcessingAustraliaAAMFeasibility603M (AUD - Combined) --Yes18,000-
Invert Graphite4.58Morogoro Graphite ProjectTanzaniaFlakeExploration----0-
iTech5.42Campoona ProjectAustraliaFlakeExploration--8.55Mt @ 9% TCG-0-
Kingsland Minerals5.52Leliyn Graphite ProjectAustraliaFlakeFeasibility--194.6Mt @ 7.3% TCG---
Leading Edge Materials16.37Woxna GraphiteSwedenFlakeCare and Maintnance317M/8% (Pre tax)-10.8Mt @7.72% TCGYes16,584-
Leading Edge Materials16.37Woxna Graphite (CSPG)SwedenCSPGFeasibility317M/8% (Pre tax)--Yes7,4350
Lincoln Minerals7.82Kookaburra GraphiteAustraliaFlakeFeasibility--12.8Mt @7.6% TCGYes60,000-100,000-
Lincoln Minerals7.82BAM ProjectAustraliaPSGFeasibility---Yes--
Lithium Energy 26.27Battery Anode Material AustraliaPSG----Yes0-
Lomiko Metals5.37La Loutre ProjectCanadaFlakeFeasibility$185M/8% (CAD)064.7Mt at 4.59% TCG-97,400406
Magnis Energy Technologies 31.94Nachu ProjectTanzaniaFlakeDevelopment-ready1.2B/10%76.3Mt @ 4.8% TCG174Mt @ 5.4% TCG-236,000639
Magnis Energy Technologies 31.94iM3NY Lithium-ion Battery PlantUSABatteriesRefer to MNS Anncouemnets ----0-
Marula Mining12.35Bagamoyo Graphite MineTanzaniaFlakeExploration------
Marula Mining12.35Nyorinyori and Nyorigreen Graphite MineTanzaniaFlakeExploration------
Mason Resources8.96Shareholder of Black Swan Graphene Inc0------0-
Metals Australia 9.7Lac Rainy Graphite ProjectCanadaFlakeFeasibility--13.3Mt @ 11.5% TCG-0-
Metals Australia 9.7BAM ProjectCanada/USA PSGFeasibility---Yes--
Mineral Commodities 16.23Skaland (Traelen) MineNorwayFlakeProduction52M/7%0.640Mt @ 24.8% TCG1.84Mt @ 23.6% TCGYes15,000396
Mineral Commodities 16.23Munglinup Graphite ProjectAustraliaFlakeFeasibility124M/7%4.24Mt @ 12.8%TCG7.99Mt @ 12.2% TCGYes52,000538
Mineral Commodities 16.23Active Anode Materials Plant (Carbo)NorwayAAMFeasibility821M/7%--Yes51,0001610
NEO Battery Materials73.08Silicon Anode Project South KoreaSilicon Anodes-----0-
NextSource Materials88.69Molo Mine MadagascarSuperFlake® graphite concentrateProduction370M/8%023.62Mt @ 6.32%Yes150,000638.53
NextSource Materials88.69Battery Anode FacilitiesPort Louis - MauritiusCSPGFeasibility---Yes0-
NGX Limited 8.33MalingundeMalawiFlakeFeasibility119M/10%9.5Mt @ 9.5% TGC65Mt @ 7.2% TGC-52,000396
NGX Limited 8.33NanzekaMalawiFlakeExploration--0---
NGX Limited 8.33DuwiMalawiFlakeFeasibility--85.9Mt @ 7.1% TGC---
NGX Limited 8.33LifidziMalawiFlakeExploration------
NGX Limited 8.33MsinjaMalawiFlakeExploration------
NGX Limited 8.33AAM ProjectMalawiCSPGFeasibility---Yes--
Noble Mineral Exploration3.88BuckinghamCanadaFlakeExploration----0-
Northern Graphite11.56Bissett Creek ProjectCanadaFlakeDevelopment-ready----44,000-
Northern Graphite11.56Okanjande MineNamibiaFlakeCare and Maintnance----31,000-
Northern Graphite11.56Lac des Iles MineCanadaFlakeProduction----15,000-
Northern Graphite11.56Battery Anode Material from Baie-ComeauCanadaCSPGFeasibility---Yes200,000-
Nouveau Monde Graphite347.98Matawinie ProjectCanadaFlakeDevelopment----103,000-
Nouveau Monde Graphite347.98Lac Gueret (Uatnan) ProjectCanadaFlakeDevelopment-65.64Mt @ 17.2%--500,000268 (CAD)
Nouveau Monde Graphite347.98Becancour Battery Material PlantCanadaAAMConstruction----43,000-
Novonix 217.53Novonix 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 108.26Uley Graphite Project AustraliaFlakeFeasibility--7.2Mt @ 10.5% TGC-100,000401
Renascor Resources 87.03Siviour MineAustralia FlakeAdvanced development$1.5B/10% (Combined)61.8Mt @ 7% TCG123.6Mt @ 6.9% TCGYes150,000405
Renascor Resources 87.03Bolivar FacilityAustralia PSGDevelopment stage$1.5B/10% (Combined)--Yes100,0001782
Sarytogan Graphite 7.34Sarytogan Graphite ProjectKazakhstanMultipleFeasibility$518M/8% (Combined & Pre Tax)8.6Mt @ 30% TCG229MT @ 28.9%TCGYes0-
Sarytogan Graphite 7.34Kenesar Graphite Exploration ProjectKazakhstanFlakeExploration----0-
Sarvisto GraphiteNot ListedSarvisto GraphiteSwedenFlakeDevelopment--4.2MT @ 20.7% TGC-0-
Sayona Mining 161Kimberley Graphite ProjectAustraliaFlakeExploration----0-
South Star Battery Metals17.31Santa Cruz ProjectBrazilFlakeEarly stage production81.2M/5%-12.3 Mt @ 2.4%Yes50,000396
South Star Battery Metals17.31BamaStar Project (USA)USAFlakeExploration/Drilling---Yes100,000-
South Star Battery Metals17.31AAMUSAAAMFeasibility1.6B/8%--Yes61,8002625
Sovereign Metals 308.05KASIYA RUTILE-GRAPHITE PROJECTMalawiFlakeFeasibility--23.4Mt @ 1.32%-244,000404
Syrah Resources 161.87Balama MineMozambiqueFlakeProduction1.1B/10%110Mt @ 16% TCG1036Mt @ 12% TCGYes350,000430
Syrah Resources 161.87Vidalia FacilityUSAAAMEarly stage production208 - 794M 10%--Yes45,0003023
Talga Group 125.24Vittangi ProjectSwedenFlakeDevelopment stage----120,000-
Talga Group 125.24Luleå Anode RefinerySwedenAAMFeasibility----19,500-
Tirupati Graphite10.9VatominaMadagascarFlakeProduction--18.4Mt @ 4.6% TCG-36,000-
Tirupati Graphite10.9SahamamyMadagascarFlakeProduction--7.1Mt @ 4.2% TCG-18,000-
Tirupati Graphite10.9MontepuezMozambiqueFlakeDevelopment-ready--76.9Mt @ 7.3% TCG & 42.6Mt @ 9.5% TCG-250,000-
Tirupati Graphite10.9Balama CentralMozambiqueFlakeDevelopment-ready--21.9Mt @ 10.2% TCG & 11Mt @ 10.2% TCG-100,000-
Titan Mining25.97Kilbourne Graphite Project USAFlakeExploration----0-
Triton Minerals 6.96Ancuabe Graphite ProjectMozambiqueFlakeFeasibility298M /10% (Pre tax)24.9Mt @ 6.2%46.1Mt @ 6.6% TCG-70,000634
Triton Minerals 6.96Cobra Plains Graphite ProjectMozambiqueFlakeExploration--103Mt @ 5.2% TCG-0-
Westwater Resources53.16Kellyton PlantUSAAAMDevelopment1.4B/8%--Yes50,000N/A
UrbixNot ListedAdvanced Graphite Processing FacilityUSACSPGDevelopment---Yes - Graphcoa10,000-
Volt Carbon Technologies 4.99Lochaber CanadaFlakeExploration ------
Volt Resources 11.49Zavalievsky MineUkraine FlakeProduction--22.9Mt @ 6.8% TGCYes7,300-
Volt Resources 11.49Bunyu MineTanzaniaFlakeFeasibility36.4M/7.5%127Mt at 4.4% TGC461Mt @ 4.9 TCGYes170,000670
Volt Resources 11.49Alabama FacilityUSAAAMFeasibility---Yes7,500-
Walkabout Resources 40.43Lindi Jumbo ProjectTanzaniaFlakeCompany in Administration197M/10%5.5Mt @ 17.9% TCG41.8Mt & 10.8% TCG-40,000347
Westwater Resources53.16Coosa ProjectUSAFlakeFeasibility190M/ 8%--Yes99,000-
Westwater Resources53.16BAMA Mine ProjectUSAFlakeExploration---Yes0-
Westwater Resources53.16Kellyton PlantUSAAAMDevelopment1.4B/8%--Yes50,000N/A