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Falcon Energy Materials Transitions to New Auditor Amid Strategic Redomiciliation

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Falcon Energy Materials Transitions to New Auditor Amid Strategic Redomiciliation

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SRG Mining Inc ( (TSE:FLCN) ) just unveiled an announcement.

Falcon Energy Materials plc has announced a change in its auditing firm from Raymond Chabot Grant Thornton LLP to PricewaterhouseCoopers LLP following its redomiciliation to the Abu Dhabi Global Market. This transition is part of Falcon’s strategic move to align with its new operational base in the UAE, and it has also appointed Grant Thornton Audit and Accounting Limited for UAE local auditing requirements. The change is expected to streamline Falcon’s financial reporting processes as it continues to focus on its graphite project in Guinea, positioning itself as a key supplier in the European battery market.

More about SRG Mining Inc

Falcon Energy Materials plc is focused on developing the Lola Graphite Project in the Republic of Guinea, West Africa. The company aims to provide a fully integrated source of battery anode material for the European lithium-ion and fuel cell markets, emphasizing sustainability and supply chain transparency.

YTD Price Performance: -4.76%

Average Trading Volume: 28,859

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: C$70.51M

For detailed information about FLCN stock, go to TipRanks’ Stock Analysis page.

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