POINTS2 Dec 2021 07:40
Completed an oversubscribed placing at a price of GBP0.90 per
ordinary share raise gross proceeds of GBP10 million
-- Strong balance sheet with cash in hand of GBP6.41 million at
Graphite remains designated as a critical raw material by US
and EU, being a key contributor to the green energy transition
and electrification of mobility.
-- The global flake graphite market is forecast to grow multiple
times over the decade, by the likes of UBS, World Bank, Roskill,
Benchmark Minerals owing to energy transition and other green
applications.