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The latest announcement is out from Quantum Graphite Ltd ( (AU:QGL) ).
Quantum Graphite Ltd has lodged a final application with the US EXIM Bank for US$300 million to finance Project Utile, marking a significant step in securing funding for their operations. The company has also been granted a new exploration license, expanding their exploration territory in South Australia, and is finalizing results of exploration activities that could enhance their graphite mineralization projects. Additionally, their joint venture with Sunlands Energy Co. is progressing, with advancements in graphite purification to support a proposed facility in South Carolina.
More about Quantum Graphite Ltd
Quantum Graphite Ltd is a company that owns the Uley flake graphite mineral deposits located south-west of Port Lincoln, South Australia. The Uley 2 project is the next development stage of the century-old Uley mine, one of the largest high-grade natural flake deposits globally.
YTD Price Performance: -12.00%
Average Trading Volume: 69,986
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$151.8M
See more insights into QGL stock on TipRanks’ Stock Analysis page.