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The latest update is out from SRG Mining Inc ( (TSE:FLCN) ).
Falcon Energy Materials plc has successfully closed an upsized private placement, raising C$6.52 million to advance its strategic projects in Morocco and Guinea. The funds will support the company’s development plans for 2025, with significant backing from investors like La Mancha Fund and Commodity Discovery Fund. The private placement’s completion underscores strong investor confidence and is subject to shareholder approval at the upcoming annual general meeting.
More about SRG Mining Inc
Falcon Energy Materials plc is focused on becoming a fully-integrated supplier of battery anode materials. The company aims to establish a mine-to-market operation, featuring a high-purity graphite production mine in Guinea and a facility for converting graphite into value-added, coated spherical purified graphite in Morocco.
YTD Price Performance: -15.87%
Average Trading Volume: 36,973
Technical Sentiment Signal: Buy
Current Market Cap: C$62.28M
For a thorough assessment of FLCN stock, go to TipRanks’ Stock Analysis page.