Evolution Energy Minerals Limited (AU:EV1) has released an update.
Evolution Energy Minerals Limited has initiated a strategic investor process, engaging Treadstone Resource Partners to secure funding for the Chilalo Graphite Project. The company has progressed towards a Decision to Mine, with technical and environmental reports strengthening its prospects for debt finance. Additionally, board changes aim to increase independence, with Phil Hoskins moving from Managing Director to CEO and ARCH appointing a new board nominee.
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