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An announcement from EcoGraf ( (AU:EGR) ) is now available.
EcoGraf Limited announced the issuance of 250,000 fully paid ordinary shares to an eligible contractor and 300,000 shares on the exercise of vested employee performance rights. This move is part of the company’s ongoing efforts to strengthen its market position in the battery anode materials industry. The issuance of shares without disclosure under the Corporations Act signifies the company’s compliance with regulatory requirements and reflects its strategic focus on expanding its operations and enhancing shareholder value.
More about EcoGraf
EcoGraf is a company focused on building a vertically integrated battery anode materials business to produce high purity graphite products for the lithium-ion battery and advanced manufacturing markets. The company has invested over US$30 million in its graphite business, which 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 anode recycling, aiming to support customers in reducing CO2 emissions and lowering battery costs.
Average Trading Volume: 570,208
Technical Sentiment Signal: Buy
Current Market Cap: A$239.7M
Find detailed analytics on EGR stock on TipRanks’ Stock Analysis page.