Australia's International Graphite rises on positive feedback from US Department of Defence

International Graphite

19/05/2025 05:22

** Shares of miner International Graphite IG6.AX rise as much as 15.1% to A$0.061

** Stock on track for its biggest intraday pct gain since May 5

** Co says that U.S. Department of Defence said co's proposal for a potential $7.5 million feasibility study of an integrated graphite 'mine to market' strategy met requirements for consideration for funding

** Trading volume more than 297,000, 1.6x 30-day average

** Stock up 20% YTD

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))