The shares of the graphite battery products gained up to 8% in today’s trading session after the company receiving the exploitation concession permit for its Nuasvaara South Natural Graphite mine.
Talga Group Ltd has a market capitalization of $160.78M, the shares closed at $0.400 per shares increased around 6.66 percent as compared to the previous closing price of $ 0.375 apiece.
Reason for the Rise:-
According to the company filing, Talga Group Ltd announced the exploitation concession permit for its Nuasvaara South Natural Graphite mine, part of its vertically integrated Vittangi Anade project in northern Sweden.
Moreover, the positive ruling was issued by the Mining Inspectorate of Sweden (Bergsstaten) on 17 October 2024. The exploitation concession grants Talga the right to conduct graphite mining activities at Nunasvaara South over a period of 25 years, with options for extensions.
Furthermore, the statutory process for exploitation concession decisions permits appeals to the Swedish Ministry of Climate and Enterprise within five weeks. Talga’s Board must finalize mine permit approvals and customer offtake agreements before approving a Final Investment Decision for the Vittangi Anode Project, with an estimated 18-24 months for construction.
Financial Analysis:-
Looking forward to the company’s financial condition, Talga Group Ltd.’s revenue decresed by 19 percent from AUD 279.57 K in FY22-23 to AUD 225.41 K in FY23-24. During the same period, net loss shrunk by from AUD (43.36 M) to AUD (38.26 M).
Expected Growth and Breakeven Timeline:-
Analysts forecast that Talga Group will achieve breakeven by 2026, following a final loss in 2025, indicating a strong recovery trajectory. To reach this breakeven point, the company is expected to grow at an impressive average annual rate of 73%, reflecting strong confidence in its operational strategies.
Revenue Split:-
TALGA GROUP LTD generated 225.41k AUD in sales last year, with Graphite/Graphene Research and Development accounting for 127.51k AUD, up from 35.43k AUD the previous year. Germany contributed the most to TALGA GROUP LTD’s income, bringing in 127.51k AUD last year and 35.43k AUD the previous year.
Projects:-
The Aero Lithium Project, 120km south of Talga’s Vittangi Graphite Project near Gällivare, features a greenfields discovery with ~50km of strike pegmatites in a 270km² area, 100% owned by Talga. Surface rock grades reach up to 1.9% Li2O, with premium logistics and access to low-cost power.
Company profile:-
Talga Group Ltd. engages in the provision of graphene and graphite enhanced products for the global coatings, battery, construction and polymer composites markets. It operates through the following segments: Graphite Exploration, Graphite Development; and Research and Development.
Written by:- Abhishek Singh
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