Metals Australia Ltd ( (AU:MLS) ) has issued an announcement.
Metals Australia Ltd’s Canadian subsidiary, Lac Rainy Graphite Inc., has secured grant funding from Quebec’s Ministry of Natural Resources and Forests to advance the Lac Carheil Flake Graphite Concentrate Plant. The grant of up to $660,000 AUD will support research and innovation efforts, including detailed process equipment investigation and metallurgical test work, to progress the project to feasibility. This funding aligns with Quebec’s strategic mineral development goals and aims to contribute to the economic growth of the Côte-Nord region.
More about Metals Australia Ltd
Metals Australia Ltd operates in the mining industry, focusing on the exploration and development of mineral resources. The company is involved in projects related to graphite, iron ore, and base metals, with a market focus on advancing sustainable and strategic mineral development.
YTD Price Performance: -5.00%
Average Trading Volume: 453,332
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$13.85M
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