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BlackEarth Minerals NL ( (AU:EVG) ) just unveiled an update.
Evion Group NL has successfully raised approximately $2.3 million through a share placement led by Atlas Strategic Assets Inc. The funds will be used to expand Evion’s graphite production facilities in India and potentially develop a similar plant in the USA, enhancing its supply chain for industrial and defense applications. This investment highlights the strategic importance of Evion’s operations and its potential to strengthen supply chains in the United States.
More about BlackEarth Minerals NL
Evion Group NL is a vertically integrated graphite developer with projects in Madagascar, India, and Europe. The company focuses on expanding its graphite production capabilities and is recognized by the European Union as a preferred supplier of graphite for Europe.
Average Trading Volume: 678,667
Technical Sentiment Signal: Sell
Current Market Cap: A$10.98M
See more insights into EVG stock on TipRanks’ Stock Analysis page.