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An update from EcoGraf ( (AU:EGR) ) is now available.
EcoGraf Limited has achieved a significant milestone with its Product Qualification Plant meeting the highest customer specifications for Spherical Graphite (SPG), marking a breakthrough in environmentally superior battery anode materials. The company’s second HFfree purification patent is set to be granted, enhancing its technology’s protection and application across various battery manufacturing and recycling processes. This advancement aligns with increasing demand driven by EU and US legislation, positioning EcoGraf to expand its operations and collaborations with major battery groups worldwide. The company’s strategy includes producing spherical graphite in Tanzania and building purification facilities in Europe, North America, and Asia, supported by a $2.9 million grant from the Australian Government’s Critical Minerals Development Program.
More about EcoGraf
EcoGraf Limited operates in the battery materials industry, focusing on the production of high-quality natural flake graphite and environmentally friendly battery anode materials. The company is involved in the development of purification technologies and aims to establish purification facilities in major battery manufacturing hubs globally, sourcing graphite from its Epanko Project in Tanzania.
YTD Price Performance: 230.0%
Average Trading Volume: 264,393
Technical Sentiment Signal: Sell
Current Market Cap: €77.82M
See more data about EGR stock on TipRanks’ Stock Analysis page.