• Secured €2 million grant from European Investment Bank for Epanko expansion
• Advanced debt financing discussions for Epanko Graphite Project
• Initiated Mine Access Road compensation activities
• Strategic partnership with Mitsubishi Chemical Corporation for battery anode materials
• Confirmed cost competitiveness of HFfree purification process

EcoGraf Ltd. has presented its quarterly activities report for the quarter ended 30 June 2026, highlighting key developments in its vertically integrated battery anode materials business. The company advanced multiple financing workstreams for the Epanko Graphite Mine in Tanzania, focusing on optimizing financing structure, commercial terms, and risk allocation. EcoGraf also progressed the Epanko debt financing process with ongoing engagement with lenders, advisors, and strategic partners, identifying potential production expansion opportunities beyond the 73,000tpa Updated BFS case. The company initiated Mine Access Road compensation activities, representing an important early works milestone. Additionally, EcoGraf secured €2 million in grant funding from the European Investment Bank (EIB) for Epanko expansion studies, midstream development, and European battery materials market integration initiatives. The company also advanced €4.2 million in co-funding applications, including the DEG Impulse develoPPP program. EcoGraf's HFfree purification facilities demonstrated industry-leading lowest-cost assessment, confirming the process cost competitiveness and supporting a competitive alternative to Chinese supply. The company executed a strategic MOU with Mitsubishi Chemical Corporation, advancing qualification and potential long-term supply arrangements for EcoGraf battery anode materials. EcoGraf remains committed to high standards in environment, social, and governance performance, aligning with various global standards and initiatives.

EcoGraf anticipates providing an update on debt financing and offtake negotiations during the next quarter.