BUZZ-Australia's International Graphite rises on $2.5 mln grant to advance WA project

Reuters

01-15

** Shares of International Graphite rise 18.8% to A$0.057, their highest levels since Nov 26, 2024

** Stock marks its biggest intraday gain since Nov 12, 2024

** The graphite producer says it was awarded a A$4 mln ($2.47 mln) grant from Western Australian Government Investment Attraction Fund

** Says funds will be used for the extraction of ore from Springdale graphite project in Western Australia, and to further support commercialisation and integration activities

($1 = 1.6171 Australian dollars)

(Reporting by Manasi Dasa Sundeep in Bengaluru)

((Manasi.DasaSundeep@thomsonreuters.com;))

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