Battery and advanced materials company Talga Group (earlier post), with 100% owned graphite resources in Sweden, has received firm commitments for a placement of new fully paid ordinary Talga shares to raise A$40 million (US$27.3 million) before costs. Proceeds will be used to fund the Vittangi Anode Project early works,.
Talga is set to expand production of its silicon anode product for lithium-ion batteries in Germany after exceeding automotive and battery customer targets during the initial testing of Talnode-Si.
Graphite stock Talga Group [ASX:TLG] completed a $22 million institutional placement at $1.10 per share to fund the expansion of its Vittangi Anode Project.