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An update from International Graphite Limited ( (AU:IG6) ) is now available.
International Graphite has reported progress across multiple projects as it advances its strategy to establish a global graphite processing business capable of producing more than 10,000 tonnes per year of finished materials by 2027. The company has secured development approval and land for its Collie Micronising Facility in Western Australia, advanced its European expandable graphite project through a processing IP and technology agreement and positive techno-economic evaluation, and entered a letter of intent with Italian chemical producer ALKEEMIA for toll purification services to deliver 99%+ graphite products. Pilot-scale carbon coating trials for battery anode development have commenced with CarboPhite at the University of Melbourne, while up to $3 million in working capital has been secured and graphite industry specialist Aidan Nania has been appointed as an executive director, collectively strengthening the company’s operational capabilities, financial position and role in diversifying global graphite supply outside China.
The most recent analyst rating on (AU:IG6) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on International Graphite Limited stock, see the AU:IG6 Stock Forecast page.
More about International Graphite Limited
International Graphite Limited is an Australian graphite company focused on developing an integrated “mine-to-market” battery graphite business. The company is building value-added graphite processing operations, including micronised, expandable and battery anode materials, targeting industrial, battery and defence markets and positioning itself as a significant non-Chinese supplier of advanced graphite products.
Average Trading Volume: 246,455
Technical Sentiment Signal: Buy
Current Market Cap: A$15.35M
See more data about IG6 stock on TipRanks’ Stock Analysis page.