Australia's Talga Group gains on funding for Sweden project

Talga

20/06/2023 03:06

** Shares of Talga Group  TLG.AX  rise as much as 13.2% to
A$1.465 - set for best day since April 13, if current gains hold
    ** Battery materials supplier says the European Investment
Bank board approved 150 mln euros ($163.67 mln) senior debt
funding to support its Vittangi Anode Project in Sweden
    ** Co says the project will use 100% renewable electricity
to produce an initial 19,500 tonnes per annum of green anode for
lithium-ion batteries
    ** TLG shares hit their highest level since May 12
    ** Stock down ~8% YTD, as of last close

($1 = 0.9165 euros)

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))