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Talga Group ( (AU:TLG) ) just unveiled an announcement.
Talga Group Ltd has been awarded SEK 82.6 million in state aid from the Swedish Energy Agency’s Industrial Leap program to advance its project on sustainable, low-emission anode material made from natural and recycled graphite. This funding will support the validation of the process at near-industrial scale and aid in the engineering design for a commercial plant, with completion expected by June 2026. The grant signifies strong third-party validation and reduces development risk as Talga moves towards a final investment decision on its Luleå Anode Refinery. This initiative aligns with the company’s strategy to capitalize on the demand for localized Li-ion battery anode materials amidst tightening global supply chains.
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 global leader in producing high-power, sustainable battery anode and advanced graphitic materials. The company specializes in proprietary graphite purification, shaping, and coating technologies, ensuring secure and low-emission Li-ion battery anode supply chains and new-energy materials. Talga’s products address challenges in battery manufacturing, such as supply vulnerabilities, performance limitations, and recyclability, accelerating the shift to more secure critical mineral product manufacturing.
Average Trading Volume: 935,718
Technical Sentiment Signal: Hold
Current Market Cap: A$248.5M
Find detailed analytics on TLG stock on TipRanks’ Stock Analysis page.