Talga Group Ltd. (AU:TLG) has released an update.
Talga Group Ltd. has reported positive outcomes from the Vittangi Anode Project FEED study, including significant efficiency improvements and a 23% reduction in energy demand, positioning the company for global scale anode production. The company’s financial standing is reinforced with a cash balance of A$14.1 million and a recent A$9.5 million institutional investment, while appointing Eva Nordmark as the Chair of the Swedish subsidiary board. With these developments, Talga is poised to make a Financial Investment Decision on the Vittangi Project, anticipated to begin production 18-24 months post-approval.
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