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BlackEarth Minerals Begins Maiden Shipment of Expandable Graphite

Story Highlights
  • BlackEarth Minerals has started shipping 80mt of expandable graphite to Europe, earning A$400,000.
  • The company is increasing operations in India, with rising demand for expandable graphite in key industries.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
BlackEarth Minerals Begins Maiden Shipment of Expandable Graphite

The latest update is out from BlackEarth Minerals NL ( (AU:EVG) ).

BlackEarth Minerals NL has commenced its maiden shipment of 80 metric tons of expandable graphite to a European buyer, generating approximately A$400,000 in revenue for its joint venture. The company is ramping up operations at its Pune Production Facility in India, with plans to increase shipments and revenue significantly. The demand for expandable graphite is rising, driven by its applications in growing industries such as aerospace and electronics. The company is also preparing for Stage 2 expansion and updating its Feasibility Study to highlight the potential returns from future operations.

More about BlackEarth Minerals NL

BlackEarth Minerals NL operates in the mining industry, focusing on the production and export of expandable graphite. This material is crucial for various sectors, including aerospace, electric vehicles, energy storage, and electronics, where significant market growth is anticipated.

YTD Price Performance: -40.0%

Average Trading Volume: 438,540

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$7.83M

See more data about EVG stock on TipRanks’ Stock Analysis page.

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Questions or Comments about the article? Write to editor@tipranks.com
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