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An update from EcoGraf ( (AU:EGR) ) is now available.
EcoGraf Limited has made significant progress in its Epanko Graphite Project, securing a mandate with KfW IPEX-Bank for a US$105 million loan for construction. The company has advanced its Special Mining Licence and completed important design studies aligned with international standards. Additionally, EcoGraf is nearing completion of capital and operating cost estimates for a new mechanical shaping facility, with strong sales interest in spherical graphite. The company is actively engaging with government and EU officials to support its midstream development and has filed a patent amendment for its HFfree purification process. Noteworthy corporate developments include key appointments and a new company website launch, with a strong cash position of $17.6 million as of December 2024.
More about EcoGraf
EcoGraf Limited is a vertically integrated developer in the battery anode materials industry, primarily focusing on producing graphite products. The company is engaged in developing its Epanko Graphite Mine and expanding its purification facilities, targeting key global battery regions in Europe, Asia, and North America.
YTD Price Performance: 20.0%
Average Trading Volume: 44,055
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €26.34M
Learn more about EGR stock on TipRanks’ Stock Analysis page.
