Traxys Signs Offtake MOU for Kasiya Graphite

Traxys' non-binding Memorandum of Understanding (MOU) with Sovereign Metals Limited to market graphite from the Kasiya Rutile‑Graphite Project in Malawi signifies a strategic move to secure future graphite supply. This agreement allows Traxys to expand its presence in the battery storage sector, specifically within the critical mineral supply chain. While the financial details remain undisclosed, the MOU represents a commitment to potentially offtake graphite from the Kasiya project, pending further development and definitive agreements. The deal is notable due to Traxys' established position as a physical commodity trader and the potential scale of the Kasiya project, though specific capacity figures are unavailable. This MOU could provide Sovereign Metals with a pathway to market for their graphite production, contingent on the project's progression. The agreement underscores the growing importance of securing graphite sources outside of traditional supply chains, particularly as demand for battery materials increases. The announcement date of 2026-02-17 suggests a forward-looking perspective on securing future supply.