• Despite COVID-19 disruptions, EcoGraf (EGR) has made significant progress at its graphite facilities during the June quarter
  • The Kwinana-based facility's purpose is to produce spherical graphite products to export into global markets
  • To do this, EcoGraf is utilising its purification technology to support the growing demand for sustainable energy and recycling
  • In early June, EcoGraf secured a 10-year sales agreement with a German technology group for 50 per cent of planned production from the Kwinana facility
  • EcoGraf continued discussions with the Tanzanian Government for US$60 million (roughly A$83.2 million) of funding to construct the Epanko Graphite Mine
  • The company successfully raised $3.79 million to complete funding and programs for its business
  • And, positively, ended the quarter with $2.78 million in cash
  • Company shares are down a slight 0.76 per cent and trading for 6.6 cents just after midday trade