Brief: Evolution Energy Minerals Announces Strategic Collaboration With BTR

Evolution Energy Minerals

16/08/2023 01:57

Aug 16 (Reuters) - Evolution Energy Minerals Ltd
 EV1.AX :
    * STRATEGIC COLLABORATION WITH BTR
    * STRATEGIC PLACEMENT TO BTR AT A$0.22 PER SHARE TO RAISE
A$4.9
MILLION FROM ISSUE OF 22.3 MILLION SHARES
    * EXECUTED STRATEGIC INVESTMENT AGREEMENT, BINDING OFFTAKE
AGREEMENT AND TRANSFORMATIONAL MOU FOR DOWNSTREAM COLLABORATION
    * MOU IS EXPECTED TO FACILITATE SEVERAL LONG-TERM STRATEGIC
BENEFITS
    * BTR AND EVOLUTION HAVE ENTERED INTO A BINDING OFFTAKE
AGREEMENT
    * AGREEMENT FOR 100% OF ITS FINE FLAKE GRAPHITE FROM CHILALO
PROJECT FOR THREE YEARS
    * MOU COVERING TO PRODUCE BATTERY ANODE MATERIALS BTR'S
FURTHER
PARTICIPATION IN FINANCING OF CHILALO

Source text for Eikon:  ID:nASX9khJ5z 
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