A$13.0 million

Institutional Placement**

$13,000,000
Joint Lead Manager

Ashanti Capital is pleased to have acted as Joint Lead Manager to raise $13m for Evolution Energy Minerals (ASX: EV1).

ARCH Emerging Markets Partners Limited provided a cornerstone investment to maintain their ~25% pro-rata interest in the Company.

Placement proceeds will be used to fund EV1 through to Final Investment Decision and advance their strategy to become a vertically integrated supplier of sustainable graphite products.

August 2022
Joint Lead Manager