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EcoGraf ( (AU:EGR) ) just unveiled an update.
EcoGraf Limited has issued 2,394,395 fully paid ordinary shares following the exercise of vested employee performance rights, as part of its ongoing business operations. This move reflects the company’s commitment to expanding its graphite production capabilities and enhancing its market position in the battery anode materials industry, with potential implications for stakeholders in terms of increased supply and sustainability efforts.
More about EcoGraf
EcoGraf is a company focused on building a vertically integrated battery anode materials business, producing high purity graphite products for lithium-ion batteries and advanced manufacturing markets. The company has invested over US$30 million in developing a graphite business that includes the Epanko Graphite Mine and a Mechanical Shaping Facility in Tanzania, as well as EcoGraf HFfree® Purification Facilities. EcoGraf is also involved in battery recycling, using its EcoGraf HFfree® purification technology to support sustainability in the supply chain.
Average Trading Volume: 317,556
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$152.2M
See more data about EGR stock on TipRanks’ Stock Analysis page.