BlackEarth Minerals NL ( (AU:EVG) ) has provided an update.
Evion Group NL has successfully raised $2 million through a Rights Issue and Shortfall Placement to support the expansion of its Panthera Graphite Joint Venture in India. This funding will facilitate increased production capacity, finalizing permits for a Madagascar project, and updating a battery anode materials study. The company’s strategic growth initiatives aim to capitalize on strong market demand and explore new business opportunities for downstream graphite products.
More about BlackEarth Minerals NL
Evion Group NL, listed on the ASX as EVG, is involved in the mining industry with a focus on the production of expandable graphite products. The company is leveraging its Panthera Graphite Joint Venture to cater to the global demand for high-quality graphite, positioning itself for growth and diversification in the graphite market.
YTD Price Performance: -16.67%
Average Trading Volume: 396,066
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: A$8.67M
For a thorough assessment of EVG stock, go to TipRanks’ Stock Analysis page.