EcoGraf (AU:EGR) has released an update.
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EcoGraf Limited has reported substantial progress in its graphite projects and battery anode materials development in the recent quarter, including a significant increase in Ore Reserves and commissioning of its Product Qualification Facility. The company is actively engaged in discussions for establishing commercial-scale EcoGraf HFfree™ purification facilities worldwide and has secured a US$105 million loan for the Epanko Graphite Project construction. Additionally, EcoGraf is exploring anode recycling with industry partners and has a robust financial position with $25.5 million in cash at the end of the quarter.
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