trending Market Intelligence /marketintelligence/en/news-insights/trending/kw9dknqdynwyaf3pvqg8fw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

SRG Graphite raises C$11.2M after targeting C$10M


Essential Metals & Mining Insights – February 2021


Top electric vehicle markets dominate lithium-ion battery capacity growth


Message in a (Word)Cloud


Essential Metals & Mining Insights - January 2021

SRG Graphite raises C$11.2M after targeting C$10M

SRG Graphite Inc. raised C$9.2 million from its public offering targeting C$8 million, after the syndicate of underwriters fully exercised an overallotment option for an additional 800,000 units.

Along with a concurrent private placement with Coris Capital SA, the company raised aggregate gross proceeds of C$11.2 million, according to a June 15 statement.

In early May, SRG Graphite outlined plans to raise up to C$10 million to advance its Lola graphite project and its Gogota cobalt-nickel-scandium project, both in Guinea.

The company is planning further regional exploration and infill drilling at Lola and continued exploration at Gogota.

SRG Graphite was formed through a 2016 deal between Sama Resources Inc. and Section Rouge Media Inc., with Sama Resources holding a 40.1% interest in the company as of April.