BlackEarth Minerals Launches $2.7 Million Rights Issue

BlackEarth Minerals NL (AU:EVG) has released an update.

BlackEarth Minerals NL is launching a non-renounceable rights issue to raise up to $2.7 million, aiming to fund the expansion of its graphite production in India and project development in Madagascar. The rights issue offers shares at a discount, allowing existing shareholders to maintain their stake and apply for additional shares if available. This strategic move is designed to capitalize on the growing demand for graphite, particularly in the EV and infrastructure sectors.

For further insights into AU:EVG stock, check out TipRanks’ Stock Analysis page.