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EcoGraf ( (AU:EGR) ) has shared an announcement.
EcoGraf reported progress on securing up to US$105 million in senior secured debt financing from KfW IPEX-Bank for development of its Epanko Graphite Project. The German Government’s UFK scheme has given a non-binding indication that Epanko is, in principle, eligible for import credit cover aimed at supporting long-term critical mineral supply to German industry.
The company is working with KfW IPEX-Bank and advisors to finalise the debt finance model, optimise commercial terms and funding structure, and address technical queries arising from the Independent Engineers Report. Completion of this work is expected to allow formal appointment of an Independent Expert and submission of a comprehensive financing package, a key milestone toward securing a binding offer of cover and de-risking project funding for stakeholders.
More about EcoGraf
EcoGraf Limited is an Australian resources company focused on developing the Epanko Graphite Project to supply natural graphite, a critical mineral for industrial and battery applications. The company targets long-term supply chains for German and broader international markets, aligning its operations with programs that support secure access to critical raw materials for industry.
Average Trading Volume: 188,449
Technical Sentiment Signal: Buy
Current Market Cap: A$182.3M
See more insights into EGR stock on TipRanks’ Stock Analysis page.