International Graphite (ASX: IG6) managing director and chief executive officer Andrew Worland joins Small Caps to discuss the recent receipt of a $6.5 million grant from the Western Australian government.

The new grant takes the company’s total funding from the State’s Collie Just Transition Program to $8.5 million.

As well as the WA government support, International Graphite received $4.7 million in Federal funding as part of the Critical Minerals Development Program to support its mine-to-market graphite supply chain plans in WA.

The latest show of government support for the innovative battery materials developer will help advance the company's plans for a 4,000 tonnes per annum commercial-scale graphite micronising operation, at Collie, south of Perth.

The award is just the latest development this year in International Graphite's mine-to-market battery anode plans processing of graphite concentrate feed at Collie from its Springdale Graphite Project in WA’s south-east.

Earlier this year International Graphite received $1.3 million from the Australian Research and Development Tax Incentive Scheme for the 2023 financial year and raised $3 million in a placement, while the company will wrap up a $1 million SPP in the near future.

Articles:
https://smallcaps.com.au/international-graphite-capital-raising-advance-springdale-graphite-project/
https://smallcaps.com.au/international-graphite-secures-wa-funding-first-downstream-processing-plant/

For more information on International Graphite:
https://smallcaps.com.au/stocks/asx-ig6/