Talga Group's EU Innovation Fund achievement

Talga Group (ASX:TLG) has secured a EUR 70 million grant from the EU Innovation Fund for its Lulea Anode Refinery in Sweden. This grant is part of a larger initiative supporting 85 net-zero projects across Europe. The company will now enter the grant preparation phase with formal agreements expected in early 2025.

Summary of Talga's strategic advancements

Talga Group has been awarded a EUR 70 million grant from the EU Innovation Fund for its Lulea Anode Refinery, part of the Vittangi Anode Project in Sweden. The project aims to establish a vertically integrated operation to produce Talnode®-C, a low-emission natural graphite anode material. This initiative aligns with the EU's innovation and decarbonization objectives and highlights Talga's strategic focus on sustainable battery materials. The formal signing of grant agreements is anticipated in early 2025, and the company continues to develop various advanced battery material products.

Executive commentary on EU grant award

This grant award is a significant endorsement by the European Commission of Talga’s contribution to innovation and decarbonisation in the EU. It supports our mission to provide critical natural graphite anode materials for the battery value chain, reinforcing the importance of our efforts in sustainable battery material development.