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The latest update is out from Talga Group ( (AU:TLG) ).
Talga Group Ltd has received approval for exploitation concessions for its Nunasvaara North, Niska South, and Niska North graphite deposits in Sweden, part of its Vittangi Graphite Project. This approval, granted by the Mining Inspectorate of Sweden, allows Talga to conduct mining activities for 25 years, with the possibility of extensions, subject to environmental permitting. The decision strengthens Talga’s position in the sustainable graphite market, crucial for the green transition in Europe, though it remains subject to potential appeals.
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 mining industry, primarily focusing on the production of natural graphite. The company is involved in the Vittangi Graphite Project in Sweden, aiming to supply the global battery markets with sustainable graphite.
Average Trading Volume: 853,271
Technical Sentiment Signal: Sell
Current Market Cap: A$200.8M
See more insights into TLG stock on TipRanks’ Stock Analysis page.