Ryzon Materials through its Tanzanian subsidiary Uranex Tanzania Limited owns a 100% interest in the Nachu graphite project.
The Ryzon Materials Ltd. (formely Magnis Energy Technologies) has two subsidiaries in Tanzania:
• Uranex Tanzania Ltd (UTL);
• Magnis Technologies (Tanzania) Ltd (MTT).
UTL is the company under which the discovery of the extensive graphite mineralization on the tenement (PL9076/2013) was made and which holds the Special Mining License (SML550/2015). UTL will operate the mining operations, tailings dam and water supply facilities. UTL will carry out the initial processing as well.
MTT will conduct further product processing and achieve the higher levels of purity required by the markets. MTT holds the SEZ license for producing advanced graphite products using Ryzon's proprietary process. Initially granted in 2016, the license was revised in 2018 and renewed in 2021 after discussions with the EPZA.
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