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EcoGraf Advances Epanko Project and HFfree Purification Facilities

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EcoGraf Advances Epanko Project and HFfree Purification Facilities

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EcoGraf ( (AU:EGR) ) just unveiled an update.

EcoGraf Limited has made significant progress in its Epanko Graphite Project, securing a loan mandate of up to US$105 million from KfW IPEX-Bank and receiving a positive preliminary review from the German Government. The company has also completed various environmental and social planning programs, updated its Environmental and Social Management Plan, and advanced pre-development activities. Additionally, EcoGraf has completed an independent engineering study for its mechanical shaping facility, which could benefit from Tanzanian investment incentives. The company has also achieved successful product qualification for its HFfree purification facilities, advancing its environmentally friendly battery anode materials.

More about EcoGraf

EcoGraf Limited is a vertically integrated developer of battery anode materials. The company focuses on producing environmentally superior graphite products, particularly for the battery industry, and operates in both upstream and midstream sectors with projects in Tanzania.

YTD Price Performance: 240.0%

Average Trading Volume: 252,750

Technical Sentiment Signal: Sell

Current Market Cap: €79.17M

See more insights into EGR stock on TipRanks’ Stock Analysis page.

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