Falcon Energy Raises C$25 Million to Advance Moroccan Graphite Project

The latest update is out from SRG Mining Inc ( (TSE:FLCN) ).

Falcon Energy Materials plc has closed a non-brokered private placement of 41,666,666 units at C$0.60 per unit, raising C$25 million to accelerate development of its graphite project in Morocco and support general working capital needs. Each unit includes one share and a warrant exercisable at C$0.75 for 36 months, and all securities issued are subject to a four-month hold period under Canadian securities laws.

The financing attracted significant new investors from the United States, the Middle East and Europe, while existing shareholder La Mancha Investments S.à.r.l. maintained a substantial 24.1% fully diluted stake through anti-dilution rights. The placement, for which no commissions were paid, involves related party participation but falls within exemptions from formal valuation and minority approval requirements, and remains subject to final TSX Venture Exchange approval.

More about SRG Mining Inc

Falcon Energy Materials plc is a chemical refiner focused on producing natural Coated Spheronized Purified Graphite, a critical material for energy storage applications. The company is developing a 25,000 tonne-per-year CSPG production facility in Morocco, leveraging partnerships with Chinese technology providers and Moroccan partners to supply high-quality graphite to global markets.

Average Trading Volume: 52,240

Technical Sentiment Signal: Buy

Current Market Cap: C$89.89M

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