Leading Edge Materials Group (CVE:LEM) is to take part in a Swedish government-funded research project called: "Natural Swedish graphite for future lithium-ion batteries".
The aim is to assess the use of high purity natural graphite as anode material for lithium ion batteries, using graphite sourced from the group's Woxna project in Sweden.
LEM is a founding participant in the project, along with the Angstrom Advanced Battery Centre (AABC), Uppsala University.
"The Angstrom Centre is highly regarded globally with many decades of lithium ion battery research and development," said Blair Way, the president and chief executive of Leading Edge Materials.
"We are very pleased to have the opportunity to work with Professor Edstrom and her team on the further development of natural graphite from Woxna for high value anode materials."
The aims of the research include making a natural graphite powder with optimized particle size to facilitate rapid lithium movement, and test graphite electrodes using new processes and binders for commercialization.
The total project budget is around C$270,000 and the project is scheduled to run until the third quarter of 2019.
Major funding is provided by Vinnova, a Swedish government agency working under the Ministry of Enterprise and Innovation to promote research investment.
Shares were unchanged at C$0.67.