Dar es Salaam. Tesla, the American multinational automotive, artificial intelligence and clean energy company, has signed an agreement under which it will purchase Anode Active Material (AAM) from Tanzania.
An AAM is the active material in negative electrodes.
This comes after Tesla signed a deal with a vertically integrated lithium-ion battery company, Magnis Energy Technologies Limited, and its Tanzanian subsidiaries Uranex Tanzania Limited (Uranex) and Magnis Technologies Tanzania Limited (MTT).
Magnis Energy Technologies Limited, which is listed on the Australian Securities Exchange, owns Uranex and MTT by 100 percent.
Uranex said in a statement yesterday that under the agreement worth an undisclosed amount, Tesla has agreed to purchase from Magnis Energy Technologies between 17,500 tonnes and 35,000 tonnes per annum of Anode Active Material (AAM) from February 2025 for three years.
Magnis Energy is developing a graphite mine in Tanzania where it plans to get “ultra-high purity natural flake graphite” from the operation.
“The deal arrives at a critical juncture for both companies. Tanzania as a country is set to benefit tremendously in terms of technology transfer, employment, among other aspects,” Uranex said.
Uranex is a subsidiary company fully owned by Magnis Energy Technologies Ltd of Australia and its Nachu Graphite Project is a renowned world-class graphite resource. Nachu Graphite Project is located near Ruangwa, in Lindi, Tanzania.
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