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An announcement from Quantum Graphite Ltd ( (AU:QGL) ) is now available.
Quantum Graphite Ltd has been granted Major Project Status by the Australian Government for its Quantum-Sunlands Eyre Peninsula Graphite Hub, a significant development in the graphite supply chain involving mining, processing, and refining operations. This status is expected to enhance the company’s efforts to secure a US$300 million financing proposal from the US EXIM Bank, facilitating the delivery of high purity graphite to the market by 2027. Additionally, Sunlands Energy Co., a joint venture partner, received an Australian patent for its thermal energy storage technology, underscoring the venture’s potential in the rapidly growing global energy storage market.
More about Quantum Graphite Ltd
Quantum Graphite Ltd is a company involved in the mining and processing of flake graphite, with significant operations centered around the Uley flake graphite mineral deposits in South Australia. The Uley 2 project is a key development, building on a century-old mine known for its high-grade natural flake deposits. The company is also engaged in a joint venture with Sunlands Energy Co., a leader in thermal energy storage technology, to develop the Quantum-Sunlands Eyre Peninsula Graphite Hub, which aims to create a complete graphite supply chain.
YTD Price Performance: -3.00%
Average Trading Volume: 47,473
Technical Sentiment Signal: Buy
Current Market Cap: A$167.3M
See more insights into QGL stock on TipRanks’ Stock Analysis page.