The latest update is out from Evolution Energy Minerals Limited ( (AU:EV1) ).
Evolution Energy Minerals Limited has entered into a binding term sheet with Oscillate Plc to farm out up to 100% of its interest in the Chikundo VHMS prospect, located within the Chilalo Graphite Project tenements. This agreement will allow Oscillate to fund exploration activities and potentially acquire Evolution’s stake, facilitating dedicated investment and exploration in the Chikundo area. This move aligns with Evolution’s strategy to focus on the Chilalo Graphite Project, potentially transforming the area into a multi-commodity mining hub, benefiting all stakeholders involved.
More about Evolution Energy Minerals Limited
Evolution Energy Minerals Limited is a company involved in the mining industry, focusing on graphite projects. Their primary product is graphite, and they are working on developing the Chilalo Graphite Project, which has the potential to become a significant global operation.
YTD Price Performance: -9.09%
Average Trading Volume: 374,124
Technical Sentiment Signal: Buy
Current Market Cap: A$7.25M
Learn more about EV1 stock on TipRanks’ Stock Analysis page.