The latest announcement is out from BlackEarth Minerals NL ( (AU:EVG) ).
BlackEarth Minerals NL has reported its first shipment of 120 tonnes of expandable graphite from its joint venture in India, generating A$615,000 in revenue. This marks a transition from development to revenue generation, positioning the company as an emerging supplier in the expandable graphite market. The company is also advancing its Maniry Graphite Project in Madagascar, with final approvals and community support secured. A recent rights issue and shortfall placement raised $2 million to fund joint venture expansion and permitting at Maniry, with a cash balance of $1.79 million at the quarter’s end.
More about BlackEarth Minerals NL
BlackEarth Minerals NL operates in the mining industry, focusing on the production and supply of expandable graphite. The company is engaged in a joint venture with Metachem Manufacturing Co. in India, aiming to become a significant supplier in the expandable graphite market.
YTD Price Performance: -40.0%
Average Trading Volume: 434,520
Technical Sentiment Signal: Buy
Current Market Cap: A$7.83M
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