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Quantum Graphite Limited (ASX:QGL)
ALERT: Price-sensitive ASX Announcement for QGL
Current share price for QGL : $0.380 -0.1 (-20.83%)+
Announcement
Release
30 Apr 2025 4:20PM
Price at Release
$0.480
Full Release
Summary
Quantum Graphite Limited (QGL) reported significant advancements in its March 2025 Quarter, including the granting of Major Project Status by the Australian Government for the Quantum-Sunlands Eyre Peninsula Graphite Hub, which encompasses their Uley 2 project. The company is focusing on producing high-purity graphite and has made progress in securing a US$300 million financing proposal from the US EXIM Bank for its Project Utile. Additionally, QGL received an R&D concession rebate of A$472,000 and addressed legal proceedings against former auditors. The company continues to enhance its capabilities in thermal energy storage technology through its partnership with Sunlands Energy Co.
Key Points
- Major Project Status granted by the Australian Government to the Quantum-Sunlands Eyre Peninsula Graphite Hub
- Progress of US EXIM Bank financing for the Project Utile
- Receipt of Australian R&D concession rebate of $472,000
- Settlement of legal proceedings against former auditors
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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