Australia's Evolution Energy surges on capital raise

Evolution Energy Minerals

14/08/2025 05:49

** Shares of Evolution Energy Minerals EV1.AX rise as much as 23.4% to A$0.016, their highest level since July 25

** Mineral explorer announces undertaking a 2 for 5 renounceable rights issue to raise up to A$1.5 million  ($982,500.00)

** Funds to be used to begin early works at the Chilalo graphite project in Tanzania, others

** Trading volume at about 950,839 shares, 1.4x 30-day average

** YTD, stock down 36.3%, including current session's move

($1 = 1.5267 Australian dollars)

 (Reporting by Ananya Verma in Bengaluru)

 ((ananya.verma@thomsonreuters.com;))