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Sarytogan Graphite Limited ( (AU:SGA) ) has issued an announcement.
Sarytogan Graphite Limited has secured an agreement with Steinhardt Holding NV to advance up to US$2.2 million as part of a previously agreed placement, facilitating the acceleration of its Definitive Feasibility Study (DFS). This funding will enable the timely awarding of key engineering contracts, keeping the DFS on track for mid-2026 completion. The investment is contingent upon approvals from Kazakhstan’s Ministry of Industry and Construction, with the funds to be offset against equity investment once approvals are obtained. This development is crucial for Sarytogan’s operations and its strategic role in the graphite supply chain.
More about Sarytogan Graphite Limited
Sarytogan Graphite Limited operates in the graphite industry, focusing on the exploration and development of graphite deposits. The company is centered around the Sarytogan Graphite Deposit in the Karaganda region of Central Kazakhstan, which is recognized as a Strategic Project under the European Union’s Critical Raw Materials Act, emphasizing its importance in supplying sustainable critical raw materials for battery and other strategic uses.
Average Trading Volume: 322,337
Technical Sentiment Signal: Buy
Current Market Cap: A$25.34M
See more insights into SGA stock on TipRanks’ Stock Analysis page.