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Quantum Graphite Limited (ASX:QGL)

ALERT: Price-sensitive ASX Announcement for QGL
Current share price for QGL : $0.300 -0.015 (-4.76%)+
Announcement
Release
30 Jul 2026 9:14AM
Price at Release
$0.315
Full Release
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Summary
Quantum Graphite Limited (QGL) reported on its operations for the quarter ended 30 June 2026. The company finalized an Ore Supply Agreement with Sunlands Pure Group, consolidating all downstream processing and refining of Uley flake graphite within SPG under a 20-year commercial framework. Environmental authorizations were granted for SPG's refinery site in Oman. The commencement of Front-End Engineering and Design (FEED) for the Uley 2 project was reported, alongside finalizing project financing structures. QGL retained cash reserves of AUD 210,000 at the end of the quarter, with significant financial backing from principal shareholders. The company maintains a focus on expanding the Uley project's graphite production capacity, supporting its strategy of providing a stable supply chain for purified graphite.
Key Points
  • Ore Supply Agreement with Sunlands Pure Group for Uley flake graphite.
  • Environmental approvals for SPG's refinery in Oman.
  • Commencement of FEED by Lycopodium Minerals.
  • Finalization of Uley 2 project financing.
  • Cash reserves of AUD 210,000 at quarter-end.
  • Financial support from principal shareholders.
  • Focus on expanding Uley project's graphite production.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.