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The latest update is out from EcoGraf ( (AU:EGR) ).
EcoGraf Limited has received a A$1.7 million Research and Development tax incentive from the Australian Taxation Office, recognising eligible R&D expenditure on its proprietary EcoGraf HFfree® purification technology during the 2025 financial year and strengthening its cash position as it advances its integrated graphite operations. The company has also applied for approximately €4 million in government grants from Europe to support technical development of its Tanzanian upstream and midstream graphite activities and its proposed downstream battery anode material operations in Europe, underscoring its ambition to deepen its presence in global battery materials supply chains and bolster funding for its growth initiatives.
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 developing a vertically integrated battery anode materials business focused on high-purity graphite products for lithium-ion batteries and advanced manufacturing markets. The company’s assets include the Epanko Graphite Mine and a planned mechanical shaping facility in Tanzania to produce spherical graphite, alongside EcoGraf HFfree® purification facilities and technology aimed at supplying electric vehicle, battery and anode manufacturers in Asia, Europe and North America, as well as supporting battery anode recycling to improve supply chain sustainability.
YTD Price Performance: 2.70%
Average Trading Volume: 616,824
Technical Sentiment Signal: Buy
Current Market Cap: A$175.4M
See more data about EGR stock on TipRanks’ Stock Analysis page.