Insights

Why the Talga (ASX:TLG) share price is up 6% today

Talga shares could be on the move today…
The post Why the Talga (ASX:TLG) share price is up 6% today appeared first on The Motley Fool Australia. –

Shares in Talga Group Ltd (ASX: TLG) are shooting up this morning after the technology minerals company announced it has teamed up with Norwegian clean battery solutions business, FREYR.

In opening trade this morning, the Talga share price is up 6% trading at $1.495.

Talga partners up

In today’s statement, Talga advised it has signed a Memorandum of Understanding (MOU) for the supply of battery anode materials to FREYR.

Both companies are seeking to develop a local Nordic supply chain to produce clean, low-cost batteries.

Under the MOU, a framework will be established to help accelerate FREYR’s battery cell production under development in Norway. This will see a large-scale commercial supply of Talga’s Talnode range of anode materials to FREYR’s battery production facilities.

Both companies stated they were open to discussing binding long-term agreements such as licencing Talga’s anode technologies, or joint ventures.

In addition, a study will be assessed into looking at re-locating Talga operations within FREYR’s planned operations. It is thought that working side-by-side could potentially benefit battery manufacturing at an industrial level.

The non-binding MOU is valid for a period of 2-years, allowing enough time for a formal agreement to arise.

Management commentary

Talga managing director, Mark Thompson welcomed the MOU, saying:

We are very pleased to be working with FREYR to explore the use of our world-leading graphite and silicon anode materials and technology in their sustainable, high-performance battery cells. Additionally, we are pleased to discuss potential synergies towards strengthening our respective strategic positions in the global electric vehicle battery supply chain.

FREYR CEO, Tom Einar Jensen went on to add:

Developing a local supply of battery materials made with renewable energy under strong ethical and governance frameworks is a key element of FREYR’s strategy. By combining next-generation cell design and production technology with Norway’s low-cost renewable energy, and by unlocking sustainable localized supply chains enabled by companies such as Talga, FREYR is moving closer to realizing our ambition of producing large volumes of low-cost battery cells with one of the lowest carbon contents in the world.

About the Talga share price

Over the past 12 months, Talga shares trekked higher to register a gain of more than 200% for investors. However, the share price increase came predominately from the back end of last year.

In 2021, the Talga share price has moved sideways in 2021, down almost 13% year-to-date.

Talga presides a market capitalisation of roughly $427 million, with around 303 million shares on issue.

The post Why the Talga (ASX:TLG) share price is up 6% today appeared first on The Motley Fool Australia.

Should you invest $1,000 in Talga right now?

Before you consider Talga, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Talga wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of May 24th 2021

More reading

Talga (ASX:TLG) share price climbs on positive feasibility studies
Why a2 Milk, Fortescue, Infomedia, & Talga shares are pushing higher

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!