Evion Bolsters Funding and US-EU Ties as Maniry Graphite Project Advances

BlackEarth Minerals NL ( (AU:EVG) ) has provided an update.

Evion Group strengthened its balance sheet during the December 2025 quarter with an approximately A$2.3 million placement led by US-based Atlas Strategic Assets, leaving it with A$2.3 million in cash to fund near-term project milestones and reinforcing its alignment with US critical minerals interests. The company advanced development readiness at its flagship Maniry Graphite Project in Madagascar through ongoing engagement with European partners, including applying for more than €1.2 million in grants and receiving initial funding to bolster local reporting and training, while leveraging Maniry’s status as an EU-recognised Strategic Project under the Critical Raw Materials Act. Commercially, Evion expanded its US footprint via a A$1.5 million expandable graphite sales agreement with a major American graphite supply chain group, with 300 tonnes to be supplied from the Panthera Graphite joint venture facility, underscoring its positioning as a non-Chinese supplier and setting the stage for 2026 to translate its 2025 groundwork into operational delivery.

The most recent analyst rating on (AU:EVG) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on BlackEarth Minerals NL stock, see the AU:EVG Stock Forecast page.

More about BlackEarth Minerals NL

Evion Group (ASX: EVG) is a vertically integrated graphite developer with projects in Madagascar, India and Europe, focused on supplying expandable graphite and other graphite products into Western critical minerals supply chains, particularly in Europe and the United States.

Average Trading Volume: 422,342

Technical Sentiment Signal: Buy

Current Market Cap: A$17.33M

See more data about EVG stock on TipRanks’ Stock Analysis page.