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