EBRD Cash Received, Investment Underscores Global Significan
Released 22 Nov 24
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EBRD Cash Received, Investment Underscores Global Significan
Sarytogan Graphite Limited is excited to announce the successful receipt of A$2,641,210 cash from the EBRD for Tranche 1 equity investment, resulting in the issuance of 16,507,563 shares to the EBRD. This investment at A$0.16 per share represents a significant premium compared to recent trading. Tranche 2 is in progress for a further equity investment, subject to FIRB approval, to bring the total investment to A$5,000,000. With this cash injection, key projects including bulk sample milling, product testing, and management recruitment will now proceed.
We are also pleased to report progress on our Sarytogan Graphite Deposit with a newly estimated Mineral Resource and Ore Reserve, showcasing the potential of our operations. Furthermore, our focus on copper porphyry exploration at the Bainazar project highlights our diversification strategy in the Central Asian Orogenic Belt.
We welcome any questions investors may have regarding this update and invite you to engage directly with management at our Investor Hub by contacting admin@sarytogangraphite.com. Your continued support and interest in our strategic goals are greatly appreciated.
- Sean Gregory, Managing Director
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