Australia's Talga Group soars on EIB appraising its Swedish project

Talga

23/11/2022 01:37

** Shares of Talga Group Ltd  TLG.AX  jump as much as 11.8%
to A$1.520, their highest since April 29
    ** The battery materials maker says its Vittangi Anode
Project in Sweden has passed European Investment Bank's
(EIB)preliminary screening for debt financing  urn:newsml:reuters.com:*:nFWN32I3WE
    ** Says EIB has advanced the Project to "Under Appraisal" in
preparation of a decision
    ** Says EIB's potential financing commitment of up to 300
mln euros ($309.30 mln) is foreseen to cornerstone & complement
debt funding discussions underway with a consortium of export
credit agencies and international banks
    ** Shares see their biggest intraday pct gain since Sept. 27
    ** Stock has fallen 16.6% this year, as of last close 
($1 = 0.9699 euros)
 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))