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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