No surprise really.
The graphite market is stone cold dead and a huge supply of natural graphite awaiting the market which should only last a decade tops till graphite no longer needed in batteries. It's why I got out of HZR (and missed 100% rise on hydrogen theme).
I wonder if the graphite has any value as carbon storage?
Both TNG and AVL looking into use of hydrogen instead of LNG for their planned metal processing plants.
Perhaps the graphite can be stored and a carbon credit obtained if HZR plants are added to steel production plants among others running on hydrogen for example...
Ann: Hazer & Mineral Resources Terminate Collaboration Agreement, page-16
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