International Graphite Secures $4M Grant for Battery Graphite Development

The latest announcement is out from International Graphite Limited ( (AU:IG6) ).

International Graphite Limited has been granted $4.0 million by the Western Australian Government to advance the integration and commercialization of its mine-to-market battery graphite supply strategy. This funding will facilitate key activities such as bulk ore extraction from the Springdale deposit and the installation of Australia’s first graphite spheroidiser at the Collie facility. The grant underscores the critical need for a reliable supply of battery graphite materials and the potential for Western Australia to attract global trade and investment. The financial assistance agreement aims to propel the company’s strategy from feasibility to commercial production, contributing to the state’s clean energy initiatives.

More about International Graphite Limited

International Graphite Limited is a company in the mining and materials industry focused on the production and commercialization of graphite materials. The company is engaged in developing a mine-to-market strategy for battery-grade graphite, with operations centered around the Springdale deposit and the Collie Graphite Processing and R&D Facility in Western Australia.

YTD Price Performance: -4.00%

Average Trading Volume: 218,597

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$9.68M

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