Hexagon Energy Materials Ltd. (AU:HXG) has released an update.
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Hexagon Energy Materials Ltd is in a legal dispute with GCM Graphite Pty Ltd over alleged misinformation concerning the McIntosh graphite project in Western Australia. GCM Graphite claims a breach of warranty for providing incomplete or misleading data, which Hexagon adamantly denies, vowing to vigorously defend its position. This legal contention arises amidst differing views on the percentage of interest held and the progression of a joint venture agreement.
For further insights into AU:HXG stock, check out TipRanks’ Stock Analysis page.
