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Talga Group ( (AU:TLG) ) has provided an announcement.
Talga Group Ltd has launched a Share Purchase Plan (SPP) to raise A$5 million, offering shares at A$0.41 each, with eligible shareholders in Australia, New Zealand, and Singapore able to participate. The funds will support an engineering study for increasing anode production capacity, leveraging a grant from Sweden’s Industriklivet, and will also be used for further grant applications, supplying anode materials to battery customers, and advancing US market opportunities.
The most recent analyst rating on (AU:TLG) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Talga Group stock, see the AU:TLG Stock Forecast page.
More about Talga Group
Talga Group Ltd is a company operating in the battery materials and technology industry. It focuses on the production of anode materials, specifically Talnode®-C and Talnode®-R, and is involved in advancing development opportunities in the US market.
Average Trading Volume: 890,486
Technical Sentiment Signal: Sell
Current Market Cap: A$187.1M
For an in-depth examination of TLG stock, go to TipRanks’ Overview page.