Evion Group Raises $2 Million Through Rights Issue and Shortfall Placement

Highlights:

• $2 Million Capital Raise: Evion Group (ASX: EVG) secured $1.33 million from a Rights Issue and $0.66 million through a Shortfall Placement to support its graphite expansion.
• Expansion of Panthera JV: Funds will be used to double production capacity from 2,000 tpa to 4,000 tpa, driven by strong global demand for expandable graphite.
• Bonus Options Offer: Eligible shareholders will receive one Bonus Option for every two shares held as of February 21, 2025, with an exercise price of $0.03 per share.

Successful Capital Raise to Fuel Expansion

Evion Group NL (ASX: EVG) has successfully secured $2 million through a combination of a non-renounceable entitlement offer and a shortfall placement. At the time of writing, the company confirmed it raised $1.33 million from the Rights Issue and an additional $0.66 million through the Shortfall Placement. This capital injection will support the expansion of Evion’s Panthera Graphite Joint Venture, which is witnessing strong global demand for high-quality expandable graphite.

Investor Confidence and Growth Strategy

Evion’s Managing Director, David Round, expressed enthusiasm about the overwhelming support from investors. He highlighted that the funds would drive the company’s transformation from a small-scale developer to a key player in the expandable graphite market. The Panthera JV is currently operating at strong margins, prompting plans to double production capacity from 2,000 tonnes per annum (tpa) to 4,000 tpa. This expansion aligns with increasing inbound interest in Evion’s graphite products.

Bonus Options Offer for Shareholders

In addition to the capital raise, Evion announced a pro-rata entitlement issue of Bonus Options for eligible shareholders. Key details of the offer include:

• One Bonus Option for every two shares held as of February 21, 2025.
• An exercise price of $0.03 per share and a subscription price of $0.003 per option.
• Shareholders can apply for additional options if shortfall allocations are available.

Euroz Hartleys acted as the lead manager for the Rights Issue and Shortfall Placement. With these developments, Evion is well-positioned to expand its graphite operations and explore new business opportunities in the sector.

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