Australia's Talga Group climbs on supply deal with French EV firm
11/01/2023 24:00
** Shares of battery anode maker Talga Group TLG.AX rise
as much as 3.8% to A$1.640, their highest since Dec 14
** Says it singed a letter of intent with French EV
manufacturer Verkor SA to supply its flagship graphide anode
product from its fully owned Vittangi project in Sweden
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** Says the agreement sets out non-binding terms for co to
supply Verkor with its graphite anode product for electric
vehicle applications over a four- to eight-year period
** Stock on track for eighth consecutive session of gains
** TLG stock lost 14.1% in 2022
(Reporting by Tejaswi Marthi in Bengaluru)
((tejaswi.marthi@thomsonreuters.com))