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Quantum Graphite Limited (ASX:QGL)
ALERT: Price-sensitive ASX Announcement for QGL
Current share price for QGL : $0.375 -0.085 (-18.48%)+
Announcement
Release
13 Mar 2026 9:18AM
Price at Release
$0.460
Full Release
Summary
Quantum Graphite Limited (QGL) announced the signing of a Memorandum of Understanding (MOU) between its downstream technology partner, Sunlands Pure Group (SPG), and the Governorate of Al Buraimi, Oman. The MOU facilitates the development of a large-scale graphite refinery complex in Buraimi, planned on a 240-hectare site. This project aligns with Oman's Vision 2040 strategy and includes the integration of graphite purification and packaging facilities serving global markets. QGL is positioned as the exclusive supplier of flake graphite to SPG, solidifying its role as a critical partner in this strategic development.
Key Points
- Quantum Graphite Limited owns the Uley flake graphite deposits in South Australia.
- Sunlands Pure Group is the refining technology partner of Quantum Graphite Limited.
- A Memorandum of Understanding (MOU) was signed with the Governorate of Al Buraimi, Oman.
- The MOU supports the establishment of a large-scale graphite refinery in Buraimi, Oman.
- The project is part of Oman Vision 2040.
- Quantum Graphite Limited will be the exclusive supplier of flake graphite to Sunlands Pure Group.
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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