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BlackEarth closes heavily oversubscribed placement to raise $4.89 million


Funds shall be applied towards completing the Company’s Definitive Feasibility Study (“DFS”)
A full-scale project development plan for Madagascar shall be fast tracked during 2021
Funding will also allow the Company to conclude extensive drilling and exploration programs at its Maniry and other high-grade sites in Madagascar
Concentrate from Stage 2 Pilot program shall be provided to Urbix Resources and LuxCarbon for testing and advancement of further offtake arrangement discussions
Allocation of funding to be used in advancing downstream processing development plans
Following the Placement, the Company’s cash balance has increased to circa $7.4 million
BlackEarth Minerals NL (ASX: BEM) (BlackEarth or the Company) is pleased to announce that it has successfully completed a bookbuild and secured commitments from domestic and international institutional and sophisticated investors to subscribe for approximately 36.13m new fully paid ordinary sha ....

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Blackearth Minerals NL raises $4.89 million in heavily oversubscribed placement to finalise graphite project DFS

Blackearth Minerals NL raises $4.89 million in heavily oversubscribed placement to finalise graphite project DFS
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Tom Revy , Argonaut Securities Pty Ltd , Maniry Graphite Project , Maniry Project , Urbix Resources , Securities Pty Ltd , Lead Manager , டோம் ரேவி , ஆர்கோனாட் பத்திரங்கள் ப்டி லிமிடெட் , பத்திரங்கள் ப்டி லிமிடெட் , வழி நடத்து மேலாளர் ,