Quantum Graphite Secures Exclusive Supply Role in Oman Vision 2040 Graphite Refinery

Quantum Graphite Ltd ( (AU:QGL) ) just unveiled an update.

Quantum Graphite’s refining technology partner, Sunlands Pure Group, has signed a Memorandum of Understanding with the Governorate of Al Buraimi in Oman to develop a large‑scale graphite refinery on more than 240 hectares of land. Located about 60 kilometres from Oman’s main commercial hub at Sohar Port, the facility is designed to purify natural flake graphite to 99.9% graphitic carbon and package it for export to global battery and industrial markets.

The project has been formally recognised as part of Oman Vision 2040, underscoring its strategic role in the country’s long‑term industrial and economic plans. Under the MOU, Quantum Graphite is recognised as the exclusive supplier of flake graphite to Sunlands Pure Group’s integrated refining and downstream processing operations, positioning the Uley 2 project as a critical feedstock source and potentially strengthening Quantum’s role in the global energy‑transition supply chain.

The most recent analyst rating on (AU:QGL) stock is a Hold with a A$0.45 price target. To see the full list of analyst forecasts on Quantum Graphite Ltd stock, see the AU:QGL Stock Forecast page.

More about Quantum Graphite Ltd

Quantum Graphite Limited owns the Uley flake graphite mineral deposits near Port Lincoln on South Australia’s Eyre Peninsula and is listed on the Australian Securities Exchange. The company is advancing its Uley 2 project, the next development phase of the century‑old Uley mine, one of the world’s largest high‑grade natural flake graphite deposits, targeting global markets such as Li‑ion battery anodes, isostatic graphite and thermal energy storage.

Average Trading Volume: 81,979

Technical Sentiment Signal: Hold

Current Market Cap: A$161.3M

For a thorough assessment of QGL stock, go to TipRanks’ Stock Analysis page.