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SRG Mining Inc ( (TSE:FLCN) ) just unveiled an update.
Falcon Energy Materials plc is addressing the revocation of its exploration and exploitation permits in Guinea, denouncing the decree as illegal and inconsistent with Guinean mining legislation. The company plans to pursue legal remedies to protect its investment in the Lola Graphite Project, which has advanced despite market challenges. Falcon remains committed to developing the project in cooperation with the Guinean Government, although its requests for negotiations have gone unanswered.
More about SRG Mining Inc
Falcon Energy Materials PLC aims to become a fully integrated supplier of battery anode materials, focusing on creating a mine-to-market active anode material producer. The company operates a high-purity graphite production mine in Guinea and a conversion facility in Morocco, targeting European markets with a commitment to sustainability and supply chain transparency.
Average Trading Volume: 33,030
Technical Sentiment Signal: Sell
Current Market Cap: C$74.55M
For detailed information about FLCN stock, go to TipRanks’ Stock Analysis page.