PERTH – ASX-listed Evolution Energy Minerals will raise A$13-million in a two tranche share placement to fund work at its Chilalo graphite project, in Tanzania.
“We are delighted with the support shown by new and existing investors, in particular the introduction of a number of institutional investors to the Evolution share register,’ said Evolution MD“Completion of the placement sees Evolution strongly positioned to aggressively advance our strategy to become a vertically integrated supplier of sustainable graphite products.
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