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The latest update is out from Firebird Metals Ltd. ( (AU:FRB) ).
Firebird Metals Ltd. announced the execution of four non-binding offtake Memorandums of Understanding (MOUs) with Chinese battery cathode manufacturers for its manganese sulphate and manganese tetra-oxide production from its plant in Jinshi, China. These agreements cover up to 70% of potential manganese sulphate production and up to 100% of manganese tetra-oxide production, highlighting strong demand in China and positioning Firebird as a competitive player in the battery materials market. The company has secured all necessary permits and completed preliminary designs for its operations, emphasizing its strategic focus on cost-effective, high-performance battery materials to support the electric vehicle sector.
More about Firebird Metals Ltd.
Firebird Metals Limited is an Australian-owned company focused on producing battery-grade manganese materials. It operates a manganese raw material plant in Jinshi, China, and targets the growing demand for manganese in battery technology, particularly within the electric vehicle market.
YTD Price Performance: -2.00%
Average Trading Volume: 71,271
Technical Sentiment Consensus Rating: Buy
For a thorough assessment of FRB stock, go to TipRanks’ Stock Analysis page.