Syrah Resources raises $42mln to develop graphite anode project

By Jon Stibbs, Sybil Pan
Published: Friday, 11 December 2020

Australian graphite company Syrah Resources has completed an institutional placement of 62.2 million new fully paid ordinary shares to raise approximately A$56 million ($42 million), the company said on Friday December 11.

On Thursday, Syrah announced a capital raising program for A$112 million, including a convertible note deed and a fully underwritten institutional placement.

The company is also undertaking a share purchase plan to raise up to A$12 million. The offer is scheduled to open to eligible shareholders on December 21....

This is a preview of the full article

Our market news and price data is reserved for registered users only.

Current customer? Login now

All of our industrial minerals price data and news is now available only through our new platform. Learn more about the intelligence we offer by visiting our Fastmarkets flagship website. If you are familiar with our reliable and trusted intelligence, fill out a request a quote form today to hear from our friendly sales staff who will create a custom license for you.


           



Interested in lithium prices? We now offer lithium prices and coverage free for reference. Click here to read all about it.

Interested in the wider electrification market?
Join our growing community of participants who want to learn more about electrification and how this market is developing.