IronRidge Resources Limited (LON:IRR) said it has been accepted as a member of the European Battery Alliance (EBA250).
The EBA250 network brings together interested stakeholders, industry specialists and participants from both the public and private sectors, with more than 400 participants across the EU battery value chain.
The scope is to build a strong pan-European battery industry that can help the region capture a growing market expected to be worth €250bn per year from 2025.
The AIM-listed firm said membership will provide access to a network of potential industrial, academic and government partners throughout the value chain, from mining to recycling, as well as market research information, visibility and cooperation opportunities.
It also gives access to InnoEnergy Venture Capital Community and potential alternate funding sources.
“In welcoming IronRidge to the EBA250 club, we recognise the potential and emerging importance of the West African region as a stable supply of raw materials for the European battery industry,” said EBA250 programme director Thore Sekkenes.
Shares advanced 1% to 15.4p on Thursday at the opening bell.