Hazer Group (ASX:HZR) completed its graphite pelletizing program, further expanding the potential commercial applications of the company's graphite product, according to a Monday filing with the Australian bourse.

Third-party testing produced graphite pellets without impacting the efficacy of the graphite product characteristics, allowing the company to offer the graphite in either a powder or pelletized form, the filing said.

Shares rose past 1% in morning trade Monday.