Quantum Graphite Ltd (AU:QGL) has released an update.
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Quantum Graphite Ltd, in collaboration with Sunlands Energy Co., has applied for a $300 million loan and guarantee from the US EXIM Bank to fund Project Utile. This project aims to enhance the production of flake and high-purity graphite, with operations planned in South Australia and South Carolina. The initiative marks a significant development in the critical minerals supply chain, boosting the company’s mining and production capabilities.
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