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BlackEarth Minerals NL ( (AU:EVG) ) has provided an update.
Evion, a joint venture partner of BlackEarth Minerals NL, has received strategic project designation from the European Union for its Maniry Graphite Project in Madagascar, marking it as the only graphite project in Africa to achieve this status. This recognition under the EU’s Critical Raw Materials Act is expected to expedite regulatory processes, enhance financing opportunities, and improve positioning with strategic stakeholders, thereby reinforcing its role in the EU’s critical minerals supply chain. Additionally, Evion has secured a significant order from a major US-based graphite supply chain company, expected to generate substantial revenue in the upcoming quarter.
More about BlackEarth Minerals NL
BlackEarth Minerals NL operates in the mining industry, focusing on the extraction and supply of critical minerals, particularly graphite. The company is involved in projects that support global electrification efforts, with a significant emphasis on battery anode manufacturing. Their flagship project, the Maniry Graphite Project in Madagascar, aims to leverage the country’s status as the largest producer and exporter of natural graphite outside China.
Average Trading Volume: 590,080
Technical Sentiment Signal: Buy
Current Market Cap: A$13.05M
Learn more about EVG stock on TipRanks’ Stock Analysis page.