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Evolution Energy Minerals Limited ( (AU:EV1) ) has issued an update.
Evolution Energy Minerals Limited successfully raised approximately A$1.75 million through a rights issue and follow-on placement, indicating strong investor confidence. The funds will be used to advance the Chilalo Graphite Project, reduce creditors, and support exploration activities in Tanzania, positioning the company for accelerated development and strategic growth.
More about Evolution Energy Minerals Limited
Evolution Energy Minerals Limited operates in the energy minerals sector, focusing primarily on the development of the Chilalo Graphite Project in Tanzania. The company is also involved in the exploration of the Chikundo Copper Project, aiming to expand its portfolio in the energy minerals market.
Average Trading Volume: 835,386
Technical Sentiment Signal: Sell
Current Market Cap: A$7.53M
For detailed information about EV1 stock, go to TipRanks’ Stock Analysis page.