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Talga Group Ltd (ASX:TLG)

ALERT: Price-sensitive ASX Announcement for TLG
Current share price for TLG : $0.280 -0.09 (-24.32%)+
Release
19 Feb 2026 3:32PM
Price at Release
$0.370
Full Release
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Summary
Talga Group Ltd announced an update on their grant application for the 'Circular Graphite Anode at Industrial Scale for Low-emission Batteries' project under the Swedish Energy Agency's Industriklivet program. The grant application was not approved due to budget limitations within the program, affecting the SEK 1.1 billion (A$180 million) applied for. Despite this setback, the company remains confident in securing the necessary funding through other means, supported by existing facilities like a €70m EU Innovation Fund grant and a €150m undrawn debt facility with the European Investment Bank. The ongoing fully funded FEED study is unaffected and positions Talga for future growth to 24,500 tpa in anode production. Discussions with strategic partners regarding funding and supply arrangements are ongoing.
Key Points
  • Grant application for Circular Graphite Anode Project not approved
  • Swedish Energy Agency's budget limitations cited
  • Existing €70m EU Innovation Fund grant and €150m debt facility
  • Ongoing fully funded FEED study for sustainable anode plant
  • Positioned for growth to 24,500 tpa post-FEED
  • Discussions with strategic partners on funding continue
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.