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The latest announcement is out from EcoGraf ( (AU:EGR) ).
EcoGraf Limited has announced the Epanko Graphite Project Expansion Study, which explores the potential to increase production to 390,000 tpa, making it Africa’s largest planned graphite producer. This expansion supports EcoGraf’s strategy to develop HFfree® purification facilities globally, driven by rising demand for battery anode materials. The study outlines a staged production ramp-up and highlights strong financial metrics for purification facilities in the US and Europe, with ongoing discussions for government grant funding. The expansion aligns with EcoGraf’s goal to provide a sustainable, low-cost solution for the growing electric vehicle and lithium-ion battery markets.
More about EcoGraf
EcoGraf Limited operates in the graphite industry, focusing on the production and purification of graphite for use in lithium-ion battery manufacturing. The company is known for its EcoGraf HFfree® purification technology and aims to establish commercial-scale purification facilities in key global markets, including Europe, North America, and Asia.
Average Trading Volume: 594,951
Technical Sentiment Signal: Buy
Current Market Cap: A$224M
See more insights into EGR stock on TipRanks’ Stock Analysis page.