Australia's Evion Group climbs on first supply deal for Madagascar project

Evion NL

25/08/2026 06:15

** Shares of Australia's Evion Group EVG.AX rise as much as 23.8% to A$0.026, logging their biggest intraday pct gain since Aug 10
** Shares hit their highest level since Aug 13
** Graphite developer executes first offtake commitment for key Maniry Graphite Project in Madagascar 
** Co says deal is with a German graphite purchaser for the supply of natural flake graphite concentrate from the project
** Adds agreement includes supply of minimum ~10,000 tonnes per annum over an initial five-year term from start of production, about 26% of targeted Maniry Stage 1 output
** Company says the deal, if implemented, is expected to support project financing process, others 
** Stock down 28.1% YTD, including session's moves 

 (Reporting by Subhalakshmi Dey in Bengaluru)
 ((Subhalakshmi.Dey@thomsonreuters.com;))