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Talga Group Ltd (ASX:TLG) has gained an advantage for its Vittangi Anode project in Sweden, with the country’s Supreme Court rejecting attempts for a key environmental permit for the Nunasvaara South natural graphite mine to be appealed.
The court dismissed requests for the Environmental and Natura 2000 permit for Nunasvaara – which is part of Vittangi – to be potentially appealed; this brings an end to the statutory appeals process.
This granting of the permit – which was opposed by several lobby groups – has now been confirmed, and the permit itself is in force.
It is another positive step for Talga in relation to the project, following other milestones such as the award of €70 million in grant funding from the European Union’s Innovation Fund for Talga’s Luleå Anode Refinery and approval of the Nunasvaara South graphite mine Exploitation Concession.
Company CEO Martin Phillips explained that the decision meant Talga could push ahead with the project, which is now tipped to play a fairly important role in securing critical minerals in Europe.
“We are delighted with the successful conclusion of the environmental permitting process,” he said.
“The Vittangi Anode Project is vital for Europe’s energy transition and strategic material supply.
“We look forward to continuing to work with our host communities and stakeholders throughout the execution phase to deliver sustainable, high performance anode materials for the European battery industry.”
Talga shares went gangbusters following the news, and by 10:42 AEDT, they were trading at 65.5 cents – a rise of 61.73% since the market opened.
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