- Write by:
-
Thursday, August 20, 2020 - 12:13:41 PM
-
786 Visit
-
Print
Mining News Pro - Graphene company Talga Resources will raise A$10-million through an institutional share placement to fund its pathway to battery anode production.
The company on Thursday said that it had received firm commitments from a select group of institutional, sophisticated and professional investors for the placement of up to 20-million new fully paid ordinary shares, at a price of 50c each.
The shares will be issued under the company’s existing placement capacity, and will not require shareholder approval.
“This strategically sized placement will enable Talga to execute the next steps in building its lithium-ion anode production facilities in Europe, while maintaining a tight capital structure to provide shareholders best leverage to project success,” said Talga MD Mark Thompson.
“The raising also strengthens our position as we enter deeper finance discussions with multiple potential project partners.”
The funding would go towards scaling-up manufacturing of the Talnode-C customer samples, progressing the commercial detailed feasibility study for the Vittangi anode project, in Sweden, and to fund expansion, infill and geotechnical drilling to better define the ultimate tonnage potential of the Vittangi graphite project, and to support mine planning.
Short Link:
https://www.miningnews.ir/En/News/587072
Mining News Pro - Graphite producer and graphene developer Tirupati Graphite has appointed Dr Matthieu Gresil as adviser ...
Mining News Pro - First Graphene has been awarded a grant by Innovate UK under the UK’s Sustainable Innovation Fund to ...
Mining News Pro - Not-for-profit organization Next Generation Manufacturing Canada, also known as NGen, granted Zen ...
Mining News Pro - Not-for-profit organization Next Generation Manufacturing Canada, also known as NGen, granted Zen ...
Mining News Pro - An international team of researchers led by experts at the Universities of Surrey and Sussex have used ...
Mining News Pro - Zen Graphene Solutions announced that it has launched an international collaboration with UK-based ...
Mining News Pro - Australia’s Talga Resources announced that it will be part of the OCTOPUS project, an initiative whose ...
Mining News Pro - Zen Graphene Solutions (TSXV: ZEN) and its research partner, Deutsches Zentrum fur Luft- und ...
Mining News Pro - ZEN Graphene Solutions (TSXV: ZEN) announced that it has signed an initial agreement to in-license ...
No comments have been posted yet ...