Talga accelerates sustainable battery materials production, secures EU funding

Talga Group Ltd has achieved significant milestones in 2025, progressing its Vittangi Anode Project towards a final investment decision (FID) with exploitation permits granted for the Nunasvaara South graphite mine and environmental permits for the Luleå Anode Refinery. The company secured a €70 million grant from the EU Innovation Fund for the Luleå facility, which also received EU Net-Zero Strategic Project status, as did the Nunasvaara South mine under the Critical Raw Materials Act. This strategic positioning reinforces Talga’s commitment to providing secure, low-emission graphite anode materials, with commercialization further bolstered by a binding offtake agreement with Nyobolt for Talnode®-C.

Financially, Talga reported a net loss of $(16,728,019), narrowing from the previous year, with cash and cash equivalents of $13,184,029 as at June 30, 2025. The company completed two equity raisings totaling A$28.5 million and secured A$120k from customer receipts for qualification materials. Capital investment for FY25 amounted to $3.8m, focusing on the Luleå refinery and EVA anode plant.

The company's commitment to sustainability is demonstrated by achieving ISO 14001, ISO 9001, and ISO 45001 certifications for its production and R&D facilities. Talga's Talnode®-C graphite battery anode material was accepted for a US patent, further protecting its proprietary technology. The company also upgraded its US market status to trade on the OTCQX® Best Market.