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Sarytogan Graphite Limited ( (AU:SGA) ) has issued an update.
Sarytogan Graphite Limited has secured a A$3.6 million investment from Kazakh investor Dias Sarsenov, which will accelerate its Definitive Feasibility Study for the Sarytogan Graphite Project. This investment, along with potential additional funding from the European Bank for Reconstruction and Development, positions Sarytogan to enhance its strategic role in supplying critical raw materials to Europe. The funding will also support exploration at its copper projects, although the graphite project remains the priority.
More about Sarytogan Graphite Limited
Sarytogan Graphite Limited operates in the mining industry, focusing on the extraction and supply of natural graphite. The company’s primary project is the Sarytogan Graphite Deposit located in Central Kazakhstan, which is recognized as a Strategic Project under the European Union’s Critical Raw Materials Act. This highlights its importance in providing sustainable critical raw materials to Europe for battery and other strategic uses.
Average Trading Volume: 265,879
Technical Sentiment Signal: Buy
For an in-depth examination of SGA stock, go to TipRanks’ Overview page.