Kingsland Minerals Ltd. (AU:KNG) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Kingsland Minerals Ltd has secured a $2.56 million investment from Quinbrook Infrastructure Partners, marking a significant step towards developing an integrated graphite mining and processing industry in Australia’s Northern Territory. This strategic partnership involves Quinbrook acquiring a 15.3% stake in Kingsland and includes agreements for graphite concentrate offtake and renewable energy supply to the Leliyn Graphite Project. The collaboration aims to capitalize on Kingsland’s extensive graphite resources to support the growing demand in the battery market and renewable energy sectors.
For further insights into AU:KNG stock, check out TipRanks’ Stock Analysis page.