The paragraph below highlights very clearly how promising Hexagon is in the ever expanding world of the need for the highest quality Graphite. I personally was looking to see the SP up around 28 - 30 cents after news was released regarding :-
"Discussions are ongoing with key parties"
but here today we see the SP hitting 28 cents without this news - surely this company will trading well into the 30 cents range after significant news is released.
"Hexagon has also established that there will be a significant increase in demand for lithium ion batteries as electric vehicles and battery storage become mainstream. Hexagon and its partners will look to accelerate its material testing program and is in the process of generating a 3 tonne representative sample from HQ drill core to produce >100kg of concentrate for spherinisation and coating to then assemble a lithium-ion cell. The validation and verification of these lithium-ion cells will be a key bargaining tool for finalising off take agreements and project funding.
Discussions are ongoing with key parties in the USA, Europe and Asia, these outstanding results see’s the company well placed in the high value end of the flake graphite market."
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