Dominion Minerals Limited Acquires Tanzanian Graphite Project

Dominion Minerals Limited (ASX: DLM) has announced acquiring a promising Tanzanian graphite project. Binding term sheets have been executed to acquire 100% of Exceptional Graphite, which holds the 386 km² project. Preliminary exploration indicates high-grade graphite mineralization, strategically crucial for electric vehicles and renewable energy sectors. The graphite market is dominated by China, providing an opportunity for DLM to secure supply chains outside China. The company plans to explore U.S. government support due to graphite's critical mineral status.

DLM aims to raise at least AUD 2 million to advance the project and rebrand as Invert Graphite Limited. Industry veterans Simon Taylor and Andrew Boyd will join the board. The acquisition is subject to shareholder approval and regulatory clearances, with shares issued as consideration and a performance-based share scheme introduced. This positions DLM as a significant player in the graphite market, enhancing its value proposition.

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