EcoGraf Secures $1.7 Million R&D Tax Incentive

EcoGraf Limited has announced receipt of a $1.7 million Research and Development tax incentive from the Australian Taxation Office. This incentive is tied to costs incurred in developing its EcoGraf HFfree® purification technology for the year ending 30 June 2025. The funds bolster EcoGraf's cash position as it progresses its vertically integrated graphite business.

The company is also pursuing additional funding of approximately €4 million from European governments. This support would aid the development of EcoGraf’s upstream and midstream operations in Tanzania, along with its proposed downstream projects in Europe.

EcoGraf’s Managing Director, Andrew Spinks, has authorized this announcement, underlining the company’s commitment to advancing its purification technology and sustaining long-term supply in the graphite market.