Evolution Energy Minerals

#ASXNews Evolution Energy Minerals is pleased to report the Company’s activities for the quarter ended 30 June 2024. • $4.0 million placement at $0.04 per share undertaken to progress development of Chilalo • Treadstone Resource Partners engaged as strategic and financial advisors to coordinate and broaden the Company’s ongoing strategic investor process, aiming to secure additional financing support for the development of Chilalo – numerous parties active in the data room • Positive results received from testwork and performance evaluation conducted by BTR on #battery anode materials made from Chilalo bulk concentrate samples • Testwork has confirmed the ability for Chilalo graphite to replicate BTR’s existing premium quality anode materials which are mass produced by BTR and qualified by the world’s leading lithium-ion battery producers • Michael Spreadborough was appointed as independent Non-Executive Chair and Acting Chair, Henk Ludik, reverted to his role as a Non-Executive Director • Substantial shareholder, ARCH, nominated Robin Birchall to replace Cameron Dowling as its representative on the Board View the full report: https://loom.ly/ucG82_0 #EV1 #EvolutionEnergyMinerals #Graphite #ASX

John Nolan, Chief Operating Officer of Evolution Energy Minerals , was at the Chilalo project in Tanzania with Revo, a Kudu Graphite, team member, inspecting the progress of the Livelihood Restoration Program. #EV1 has planted over 3,000 cashew seedlings to support #community cashew farm projects, and to replace losses for planting that were not successful last season. There is also the continued development of the tree nursery that has been established, not only for growing new cashew trees but also to provide training for basic agriculture practices, rotational crops, vegetable gardening for personal subsistence and planting for nutrition, and indigenous species for the biodiversity corridor. Learn more: https://loom.ly/qqbRkmA #EvolutionEnergyMinerals #Graphite #ASX

Evolution Energy Minerals continues to work closely with local Tanzanian communities to implement community focused developments. #EV1 recognises that working with these communities is fundamental in successfully developing the Chilalo #Graphite Project. Delivering these developments enhances Evolution’s social license to operate and supports efforts to obtain finance for the development of Chilalo. Watch to see some of the #community initiatives. More: https://loom.ly/7quCeHY #EvolutionEnergyMinerals #ASX

#Graphite is the dominant material across all commercial battery technologies. Battery electric vehicles (#EV) require several more minerals than conventional vehicles, including on average some 66.3 kilograms of graphite per vehicle. Evolution Energy Minerals Chilalo Project is a standout development-ready graphite Project, poised for the vertical integration into battery anodes. Discover more: https://loom.ly/7quCeHY #EV1 #EvolutionEnergyMinerals #ASX

via Financial Times #Graphite has become the latest resource to cause trade tensions between the US and China, with Washington putting pressure on #EV and battery makers to build a new non-Chinese supply chain for graphite anodes, a crucial component in electric vehicle batteries. Evolution Energy Minerals is progressing the Chilalo #Graphite Project in Tanzania through to a decision to mine. Read more: https://loom.ly/WoP7IhU #EV1 #EvolutionEnergyMinerals #ASX

Thanks to Shaw and Partners and Bridge Street Capital Partners. for the support in this raise. #EV1 has a busy 6-9 months coming up as the Company look to secure financing for the development of the Chilalo #Graphite Project in Tanzania and it is great to have investors like Deutsche Balaton Aktiengesellschaft on the register. #EvolutionEnergyMinerals #ASX

via Proactive Evolution Energy Minerals has received commitments to raise A$4 million to support the continued progress of its development-ready, high-margin, low-capex Chilalo #Graphite Project in Tanzania. The funds were raised via a two-tranche placement of 100 million fully paid Ordinary shares to institutional, sophisticated and professional investors at $0.04 per share. Read more: https://loom.ly/3zmYJYs #EvolutionEnergyMinerals #ASX

Stacy Newstead, Chief Executive Officer of Evolution Energy Solutions LLC, EV1's US downstream subsidiary, is attending the Benchmark #GigaUSA conference in Washington DC. Stacy is actively engaging with #electricvehicle manufacturers, battery makers and Government representatives, having significant discussions about the energy transition and the need to build sustainable supply chains for #graphite. #EV1 #EvolutionEnergyMinerals

#ASXNews Evolution to raise $4.0M via two tranche placement Evolution Energy Minerals is pleased to announce that it has received commitments to raise A$4.0 million via a two-tranche placement of 100 million fully paid Ordinary shares to institutional, sophisticated and professional investors at a price of $0.04 per New Share. The Company is pleased to receive continued support from its major shareholder, with ARCH Sustainable Resources Fund LP (ARCH) to invest approximately A$1.3 million to hold 25% post-raise, subject to shareholder approval. Directors of the Company have also committed to subscribe for 2.5 million shares for proceeds of A$0.1 million, subject to shareholder approval. The Company is also pleased to welcome German fund Deutsche Balaton AG as a substantial shareholder, holding approximately 6.3%, subject to shareholder approval. Approximately 43.2 million New Shares will be issued immediately utilising the Company’s existing placement capacity under ASX Listing Rule 7.1/7.1A. A further approximately 56.8 million New Shares are subject to shareholder approval, with a Notice of Meeting expected to be released shortly with the meeting expected to occur in late-July 2024. • The Company has received commitments for a two-tranche placement to raise approximately A$4.0 million. Significant shareholder, ARCH Sustainable Resources Fund LP, is participating in the Placement. #EV1’s Non-Executive Chairman, Mike Spreadborough, commented: “We are very pleased to receive commitments for a $4 million placement, which will help progress Evolution through the assessment of various financing alternatives for Chilalo.” See the full announcement: https://loom.ly/nNIwYjM #EvolutionEnergyMinerals #Graphite #MiningNews #ASX 

In 2023, the Definitive Feasibility Study identified a number of opportunities to improve Evolution Energy Minerals operating costs and enhance #EV1's already decent margins. Project cost optimisations: • Shipping concentrate through the Mtwara port, reducing logistics route from 638km trucking distance to 240km. • A Government infrastructure initiative of connecting the southern power grid to the northern grid, bringing grid power to the project. Through 2025, EV1 expects to be able to explore these low cost exploration opportunities, adding to mine life or to expand production of the Phase 1 plan. Discover more: https://loom.ly/7quCeHY #EvolutionEnergyMinerals #Graphite #ASX Phil Hoskins