Talga Group Ltd Successfully Raises AU$14.5 Million in Placement to Scale Anode Production and Explore US Expansion
Talga Group Ltd (ASX: TLG) has raised AU$14.5 million through a successful Placement, issuing approximately 35.4 million shares at AU$0.41 each. The Placement, which garnered strong support from both new and existing institutional investors, aims to fund a staged ramp-up in anode production to 5,000 tpa. This initiative follows a AU$13.35 million grant from Sweden’s Industriklivet and will support Talga’s exploration of US expansion opportunities.
Additionally, Talga is launching a Share Purchase Plan (SPP) targeting AU$5 million, offering eligible shareholders the chance to acquire shares on the same terms as the Placement. The funds raised will also support further grant applications, the supply of Talnode®-C and Talnode®-R anodes to battery customers, and general working capital requirements. The Placement and SPP include attaching options with attractive exercise terms to incentivize investor participation.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Talga Group Ltd Successfully Raises AU$14.5 Million in Placement to Scale Anode Production and Explore US Expansion
Talga Group Ltd (ASX: TLG) has raised AU$14.5 million through a successful Placement, issuing approximately 35.4 million shares at AU$0.41 each. The Placement, which garnered strong support from both new and existing institutional investors, aims to fund a staged ramp-up in anode production to 5,000 tpa. This initiative follows a AU$13.35 million grant from Sweden’s Industriklivet and will support Talga’s exploration of US expansion opportunities.
Additionally, Talga is launching a Share Purchase Plan (SPP) targeting AU$5 million, offering eligible shareholders the chance to acquire shares on the same terms as the Placement. The funds raised will also support further grant applications, the supply of Talnode®-C and Talnode®-R anodes to battery customers, and general working capital requirements. The Placement and SPP include attaching options with attractive exercise terms to incentivize investor participation.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au