Shares of the Talga Group (ASX:TLG) surge as much as 4.66%, peaking at A$1.235, marking the most noteworthy gain since September 21.

The company’s stock is setting its sights on the fourth consecutive session of making gains.

The firm, a prominent supplier of battery materials, shared that it has been informed about the submission of appeals by previous appellants against a court decision pertaining to the company’s north Sweden graphite mine.

In its following steps, the Supreme Court will decide whether to grant or reject any party’s appeal.

A substantial number of shares have been traded, approximately 456,093, notably exceeding the 30-day average volume of 669,509 shares.

Despite its recent gains, the company’s stock has seen a decline of 15.7% this year as of the last closed session.

Talga Group is a recognized supplier of battery materials headquartered in Australia.