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Sovereign Metals Limited ( (AU:SVM) ) has issued an update.
Sovereign Metals Limited has announced successful test results for its Kasiya graphite, confirming its suitability for use in expandable and expanded graphite markets. The Kasiya project has demonstrated high expansion ratios, offering a competitive advantage and positioning the company to potentially become a leading supplier in the growing natural graphite market. These results, combined with low production costs, enhance the project’s appeal for customer engagement and potential offtake agreements.
More about Sovereign Metals Limited
Sovereign Metals Limited is a company engaged in the mining industry, focusing on the extraction and production of natural graphite and rutile. The company is involved in developing the Kasiya Rutile-Graphite Project, which aims to supply high-quality graphite for various industrial applications, including battery anodes, refractories, and expandable/expanded graphite markets.
YTD Price Performance: 10.81%
Average Trading Volume: 439,408
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$491.9M
See more insights into SVM stock on TipRanks’ Stock Analysis page.