Australia's Talga Group hits one-month high on potential supply deal
06/07/2026 06:59
BUZZ-Australia's Talga Group hits one-month high on potential supply deal ** Shares of Australia's Talga Group TLG.AX rise as much as 5.4% to A$0.295, hitting their highest level since June 3
Battery materials and technology company executes non-binding letter of intent with Mitsubishi Chemical Corporation (MCC), a Japanese manufacturer of lithium-ion battery materials
** Agreement meant to carry out technical evaluations and commercial discussions regarding potential supply of Talga’s Talnode anode products to MCC for hybrid electric vehicle batteries
** Under letter of intent, parties are targeting a conditional supply terms sheet in September this year, while aiming for the execution of a definitive 3-year supply agreement by December 2026
** Shares down over 22% YTD
(Reporting by Shruti Agarwal in Bengaluru)
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