The latest update is out from Quantum Graphite Ltd ( (AU:QGL) ).
Quantum Graphite Ltd and Sunlands Energy Co. have announced that their Quantum-Sunlands Eyre Peninsula Graphite Hub has been granted Major Project Status by the Australian Government. This recognition underscores the project’s national significance and alignment with Australia’s Critical Minerals Strategy and Battery Storage Strategy. The Hub, centered around the Uley 2 project, aims to create a comprehensive Australia-USA graphite supply chain, enhancing the company’s industry positioning and offering significant economic benefits, including job creation and local skill development. The Major Project Status will also support efforts to secure financing and meet market demands for high-purity graphite.
More about Quantum Graphite Ltd
Quantum Graphite Ltd is the owner of the Uley flake graphite mineral deposits located in South Australia, known for its high-grade natural flake graphite. The company is focused on developing the Uley 2 project, which is part of one of the largest natural flake graphite deposits globally. Sunlands Energy Co. is a leader in thermal energy storage technology and partners with Quantum Graphite to produce TES Graphite Cells for steam turbine generators.
YTD Price Performance: -5.00%
Average Trading Volume: 76,083
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$163.9M
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