Australia's International Graphite rises on $2.5 mln grant to advance WA project

International Graphite

15/01/2025 03:33

** Shares of International Graphite  IG6.AX  rise 18.8% to
A$0.057, their highest levels since Nov 26, 2024
    ** Stock marks its biggest intraday gain since Nov 12, 2024
    ** The graphite producer says it was awarded a A$4 mln
($2.47 mln) grant from Western Australian Government Investment
Attraction Fund
    ** Says funds will be used for the extraction of ore from
Springdale graphite project in Western Australia, and to further
support commercialisation and integration activities

   ($1 = 1.6171 Australian dollars)

 (Reporting by Manasi Dasa Sundeep in Bengaluru)
 ((Manasi.DasaSundeep@thomsonreuters.com;))