Battery materials company Talga Group has tapped institutional investors for $22 million to bankroll the expansion of its Vittangi Anode project in Sweden.
Our weekly appointments wrap includes Janelle Marr, Barry Sargeant, Chris Melsom, Libby Lyons, Damon Sugden, Kate O'Hara, Anjie Brook, Joe Scurria, Michelle Keegan, Michael Morgan, Melissa Roberts and Sandhya Buchanan.
Local business Talga Group has extended the life of its proposed Vittangi anode operation in northern Sweden, after completing a definitive feasibility study for the project.
Sure-footed East Pilbara gold developer, Calidus Resources has inked a farm-in deal to acquire up to 90 per cent of fresh ground, 20km east of its Blue Spec gold project, by spending up to $800k on exploration over six years. Calidus said the highly promising tenement is littered with soil geochemical anomalies and immediately east of a mineralised corridor identified by Novo Resources.
A fast-growing EV market has benefited companies such as Talga Group and EcoGraf, amid reports suggesting even more demand for battery graphite products in 2021.
Talga Group is seeking to raise $25 million to fund its Electric Vehicle Anode pilot plant, as part of the development of the Vittangi Anode Project in northern Sweden.
Chemical producer Coogee and corporate advisory firm Lisle Group have joined more than a dozen mining and engineering firms on a state government taskforce targeting future battery industries.
Talga Resources has raised $3.25 million from an institutional placement, following the announcement of a $6 million raising from an oversubscribed share purchase plan earlier this week.
Graphite explorer Talga Resources has raised $6 million from an oversubscribed share purchase plan, in excess of the $3 million target announced last month.
At least $1.6 billion of equity has been raised by WA-linked critical minerals hopefuls in the past five years, but achieving consistent returns is another battle.
West Perth-based Talga Resources is seeking to raise $6.25 million through a share placement and purchase plan, primarily to fund the development of its graphite project in Sweden.
Our daily board moves wrap includes Neil Biddle, Vyril Vella, John Rowe, Robert Kirtlan, Ken Poon, Kobe Li, Michael Carli, Adam Clode, Michael Di Tommaso, Terry Gardiner, Jamie Myers, Jordan Carlin, David Palumbo, Nathan Lude, Andrew Willis, Jack Fazio, and Alwyn Vorster.
West Perth-based junior miner Talga Resources has announced an oversubscribed placement raising $8.5 million to fund growth of its graphite and graphene technologies business.
Three Perth-based junior miners have tapped investors for more than $10 million, while gold explorer Crusader Resources will raise up to $US15 million ($19 million) as the company seeks a dual listing on London's AIM.
Orbital Corporation's long-serving managing director and chief executive, Terry Stinson, has stepped aside with CFO Todd Alder appointed as his successor with immediate effect.
Talga Resources has agreed to work with a German building materials producer to explore the use of graphite and graphene to enhance concrete applications.
Graphite players have posted strong share price gains in the past 12 months and raised $66 million between them, but they are struggling to kick off production of the mineral.
Dormant Perth-based biotech company Pharmanet Group will re-emerge as a gold explorer after entering into an agreement to acquire Keras Australia by way of a reverse takeover.
Graphite-focused Talga Resources has named Orbital Corporation chief executive Terry Stinson as its new chairman, replacing Keith Coughlan who will remain with the business in a consultancy role.
Five Perth-based junior miners and explorers have announced plans to raise a combined $29.8 million to fund ongoing work at their respective projects, with Excelsior Gold also attracting a new cornerstone investor.
Graphite players have had a soft 18 months, although some WA companies are developing new production techniques that might give them a leg up in the industry.
Shares in Perth-based minerals explorer Talga Resources surged after announcing it would cost $29 million to bring its Swedish graphite mine into production.
Owners of graphite stocks have enjoyed strong returns during the past year on the back of demand for the mineral's use in lithium ion batteries, however it is the potential to tap new markets that has some in the sector even more excited.
Perth-based mining exploration companies Latin Resources, Talga Resources and Sovereign Metals have announced plans to raise capital to fund their respective offshore projects, collectively worth $8.45 million.
Talga Resources has received commitments to raise up to $1.7 million, which has been earmarked for the ongoing development of its graphite projects in Sweden.
Talga Resources has appointed Grant Mooney as non-executive director, replacing retiring director Piers Lewis.Mr Mooney is chair of Carnegie Wave Energy and director of Barra Resources.
The past year has been tough for listed WA companies looking to raise funds but a lift in activity during the past three months has the industry cautiously optimistic.
Shares in Talga Gold have jumped on the Australian Securities Exchange, after one of the Perth based miner's Swedish graphite deposits was rated as one of the highest-grade in the world.
