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Market bonanza for EcoGraf as investors strongly back graphite venture

AFTER nearly nine years battling for recognition in the market wilderness, EcoGraf and its managing director Andrew Spinks have won strong investor endorsement after the graphite company unveiled a A$54.6 million equity fund raising for construction of a battery anode material purification facility in Western Australia.

Michael Quinn
Market bonanza for EcoGraf as investors strongly back graphite venture

The fund raising was said to be backed by cornerstone investments from undisclosed North American, German, and Australian institutions.   The pricing of the new shares is 60c.   The stock was at...

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