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EcoGraf ( (AU:EGR) ) has provided an update.
EcoGraf has appointed veteran mining and finance executive John Ciganek as General Manager – Corporate Development to support its next phase of growth, as it progresses the Epanko Graphite Project in Tanzania towards development and staged expansion and accelerates its HFfree® battery anode material strategy internationally. With more than 30 years’ experience in mining operations, project finance, corporate advisory and over A$5 billion in strategic funding raised for resource projects globally, Ciganek is expected to bolster EcoGraf’s capabilities in project development, strategic equity financing, offtake negotiations and government and strategic partner engagement, strengthening the company’s positioning to capitalise on rising demand for sustainable battery materials.
The most recent analyst rating on (AU:EGR) stock is a Hold with a A$0.36 price target. To see the full list of analyst forecasts on EcoGraf stock, see the AU:EGR Stock Forecast page.
More about EcoGraf
EcoGraf Limited is an ASX- and FSE-listed company focused on natural graphite and downstream battery anode materials, including its proprietary HFfree® processing technology. The company is advancing the Epanko Graphite Project in Tanzania with the ambition of becoming Africa’s largest graphite producer, while developing a global footprint in sustainable battery materials across multiple international locations.
Average Trading Volume: 613,032
Technical Sentiment Signal: Buy
Current Market Cap: A$177.7M
For a thorough assessment of EGR stock, go to TipRanks’ Stock Analysis page.