Under the agreement, the parties agreed to undertake further validation testwork on Renascor's graphite products.

It seemed graphite — the anode material used in EV batteries — was set to follow in lithium’s wake having been ignored by investors throughout last year’s lithium-buying mania.

The funding will help the company to accelerate its Feasibility Study covering its Graphite Creek project in Alaska.

The auction includes blocks of graphite and vanadium.

Appian plans to be “one of the most active investors in the metals and mining space over the next few years.”

Toyota claims solid-state battery has a 745 mile range, with 10 minute charging time.