• Nunasvaara South graphite mine permits secured, exploitation concession granted
• TalNode®-C Recycled Series product development scaling up
• €70 million EU Innovation Fund grant awarded for LuleÅ Anode Refinery
• Corporate roles transitioned to Europe to support Vittangi Anode Project

Talga Group Ltd reported its activities for the quarter ending 31 December 2024. The company made significant progress in the development of its Nunasvaara South graphite mine, part of the integrated Vittangi Anode Project in northern Sweden. The Swedish Supreme Court dismissed all appeals against the Environmental and Natura 2000 permit, allowing it to enter into force. Talga was also granted the exploitation concession for the Nunasvaara South mine by the Mining Inspectorate of Sweden. The company continues to advance local approvals, including the detailed plan for the mine site. Talga is further developing its TalNode®-C Recycled Series product, collaborating with battery recyclers and manufacturers to deliver sustainable battery solutions globally. The company was awarded a €70 million grant from the EU Innovation Fund for its commercial-scale LuleÅ Anode Refinery project. As Talga advances the Vittangi Anode Project, it is transitioning a range of corporate functions and roles to Europe, including appointing a new Group Finance Director and Group Director of Corporate Finance.

Talga remains focused on advancing customer offtake agreements and project financing structures for the Vittangi Anode Project towards a Final Investment Decision. The company has also submitted an application for Strategic Project status under the EU's Critical Raw Materials Act, which if approved, would provide priority access to permitting and financing processes.