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An announcement from EcoGraf ( (AU:EGR) ) is now available.
EcoGraf Limited has announced the issuance of 4,375,000 fully paid ordinary shares following the exercise of vested performance rights under its Incentive Securities Plan. This move is part of the company’s strategic efforts to enhance its market position in the battery anode materials industry. The issuance of shares without disclosure under the Corporations Act signifies EcoGraf’s compliance with regulatory requirements and its ongoing commitment to expanding its operations and supporting sustainable battery supply chains.
More about EcoGraf
EcoGraf Limited is engaged in building a vertically integrated battery anode materials business, focusing on producing high purity graphite products for the lithium-ion battery and advanced manufacturing markets. The company has invested over US$30 million in its operations, which include the Epanko Graphite Mine and Mechanical Shaping Facility in Tanzania, as well as EcoGraf HFfree® Purification Facilities near electric vehicle, battery, and anode manufacturers. EcoGraf is also developing the TanzGraphite natural flake graphite business and is involved in battery anode recycling using its EcoGraf HFfree® purification technology.
YTD Price Performance: 377.27%
Average Trading Volume: 611,919
Technical Sentiment Signal: Buy
Current Market Cap: A$192M
For detailed information about EGR stock, go to TipRanks’ Stock Analysis page.