Australia's Evion Group gains on securing mining permit for Madagascar project

Evion NL

21/07/2026 05:39

** Shares of Australia's Evion Group EVG.AX up as much as 38.5% at A$0.036, their highest level in nearly two weeks
** Garphite developer receives mining permit from the Mines Ministry of Madagascar for its Maniry Graphite Project 
** Project located in Madagascar, East Africa
** Adds, permit secures long-term mining tenure, enabling progression towards project financing, final investment decision and development
** 11 million shares changes hands, 5.8x the 30 day average   
** YTD, stock down 6.3%, including sessions' moves


 (Reporting by Shravya Marakini in Bengaluru)
 ((Shravya.Marakini@thomsonreuters.com;))