• Delivered largest anode shipment to date under an existing offtake agreement
• Sales receipts from customers more than quadrupled compared to previous quarter
• Expanded product portfolio to introduce performance-enhancing additives

Talga Group Ltd, a battery materials and technology company, reported its activities for the quarter ending 31 December 2025. The company made considerable commercial and technical progress, including the delivery of its largest anode shipment to date under an existing offtake agreement. Sales receipts from customers more than quadrupled compared to the previous quarter, driven by advancing product qualification programs with several new major cell makers. Talga also expanded its product portfolio to capitalize on emerging commercial opportunities, adding conductive additives for industrial metal powder applications, specialty coatings, and advanced manufacturing markets. The company progressed the nine work packages of the Industrial Leap Project, with pilot test work now more than 50% complete. Talga also received key regulatory approvals, including the Swedish Government's adoption of the Nunasvaara South Graphite Mine Detailed Plan and the Mining Inspectorate of Sweden's approval of exploitation concessions for additional graphite deposits. The company secured significant funding, including a A$14.5 million institutional placement, a A$7.3 million oversubscribed Share Purchase Plan, and a A$13.35 million grant from Sweden's Energy Agency's Industrial Leap program.

Talga expects to complete the Front-End Engineering Design for a 5,000 tonne per annum commercial anode plant by the end of June 2026. The company has also submitted a grant application for SEK 1.1 billion (A$180 million) under the Industrial Leap program to support the construction of the commercial-scale anode refinery.

Talga is well-positioned to capitalize on the growing demand for high-performance battery materials, with its expanded product portfolio, strengthened intellectual property, and progress in key regulatory and funding milestones. The company is focused on scaling up its anode production capabilities and advancing its integrated Vittangi Anode Project to secure its position in the European battery supply chain.