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The latest announcement is out from BlackEarth Minerals NL ( (AU:EVG) ).
Evion Group NL reported significant progress in its expandable graphite joint venture in India, with initial sales amounting to A$2 million and shipments to European buyers commencing. The company expects continued growth in production and an increase in sales prices in the coming quarters. Additionally, in Madagascar, Evion has made strides in developing the Maniry Graphite Mine, securing local community support and governmental endorsements for necessary exploitation licenses. These developments are crucial for Evion’s strategic positioning in the expanding markets of EVs, aerospace, and energy storage, with implications for increased stakeholder engagement and potential funding opportunities.
More about BlackEarth Minerals NL
Evion Group NL, listed on the ASX as EVG, is engaged in the production and sales of expandable graphite. Their operations include a joint venture in India, known as Panthera Graphite Technologies Pvt Ltd, which focuses on producing expandable graphite primarily for the European market. The company also has interests in developing the Maniry Graphite Mine in Madagascar, aiming to secure necessary permits and establish a stable supply of graphite.
YTD Price Performance: -16.67%
Average Trading Volume: 424,743
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: A$8.67M
See more data about EVG stock on TipRanks’ Stock Analysis page.
