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An update from EcoGraf ( (AU:EGR) ) is now available.
EcoGraf Limited announced the granting of a Special Mining Licence (SML) for its Epanko Graphite Project in Tanzania, marking a significant milestone in its development and financing process. The licence, which extends the mining area and supports a multi-generational operation, is crucial for advancing the project to meet the growing demand for natural graphite anode material. Additionally, EcoGraf plans to develop a Midstream facility in Tanzania, aligning with the country’s ‘2030 Value-Addition’ strategy, to enhance value addition and support the global electric mobility market.
More about EcoGraf
EcoGraf Limited operates in the graphite industry, focusing on the production and development of high-quality natural flake graphite. The company is involved in the global electric mobility and clean energy storage markets, with a significant emphasis on providing battery anode materials.
YTD Price Performance: 24.00%
Average Trading Volume: 102,635
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €31.21M
For detailed information about EGR stock, go to TipRanks’ Stock Analysis page.