The latest update is out from SRG Mining Inc ( (TSE:FLCN) ).
Falcon Energy Materials plc has announced a C$6 million private placement to accelerate the development of its projects in Morocco and Guinea. The funding, supported by major shareholders and new global investors, will enhance Falcon’s strategic position in the battery anode material market, with proceeds directed towards the Morocco Anode Plant and Guinea Lola Graphite Project.
More about SRG Mining Inc
Falcon Energy Materials plc is focused on becoming a fully-integrated supplier of battery anode material. The company plans to establish a mine-to-market active anode material production line, featuring a high-purity graphite production mine in Guinea and a conversion facility for coated spherical purified graphite in Morocco. Falcon aims to be a reliable supplier with strong ESG credentials, promoting sustainability and supply chain transparency.
YTD Price Performance: -9.52%
Average Trading Volume: 34,118
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$66.98M
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