InvestSMART

Evion Group NL (ASX:EVG)

ALERT: Price-sensitive ASX Announcement for EVG
Current share price for EVG : $0.034 0.002 (6.25%)+
Announcement
Release
31 Oct 2025 12:23PM
Price at Release
$0.032
Full Release
download
Summary
Evion Group NL released their quarterly activities and cash flow report for the period ending 30 September 2025. Key highlights include participation in major conferences and securing EU grant funding for the Maniry Project, with initial funds received to start staff training. The company also raised approximately A$2.3 million through a share placement, aiming to secure more support for the Maniry Project through ongoing discussions with European officials. The Panthera Graphite joint venture made its first successful shipments to the USA, reinforcing supply chains. Despite these developments, Evion recorded a net cash outflow of A$484,000 from operations and held A$512,000 in cash at the quarter's end, providing funding for just over one quarter of operational needs.
Key Points
  • Evion Group NL's quarterly activities report for the period ended 30 September 2025.
  • Evion attended the Africa Down Under conference in Perth.
  • Successful grant proposal to the European Union for the Maniry Project.
  • First tranche of EU funding received for staff training in Madagascar.
  • Placement of new shares raising approximately A$2.3 million.
  • Continued discussions with EU officials for Maniry Project development support.
  • First shipments from Panthera Graphite JV to the USA.
  • Positive product test results and initial orders from new buyers in Asia.
  • Net cash outflow from operating activities of A$484,000.
  • Consolidated cash and cash equivalents at quarter end were A$512,000.
  • Funding available estimated to cover 1.06 quarters.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.