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Sarytogan Graphite Limited (ASX:SGA)

ALERT: Price-sensitive ASX Announcement for SGA
Current share price for SGA : $0.060 -0.03 (-33.33%)+
Announcement
Release
19 Mar 2026 12:08PM
Price at Release
$0.090
Full Release
download
Summary
Sarytogan Graphite Limited has received $2,049,417 in cash from Kazakh Investor Dias Sarsenov as part of a Share Subscription Agreement for A$3,617,405, enabling key contracts for their Definitive Feasibility Study. The transaction, bolstered by an advanced US$1M from Steinhardt Holding NV, required approvals from Kazakhstan’s Ministry of Industry and Construction and Sarytogan shareholders, utilizing ASX Listing Rule 7.1 and 7.1A. Additionally, a top-up placement with the European Bank for Reconstruction and Development is underway. The Sarytogan Graphite Project, recognized as a Strategic Project by the EU, aims for a Definitive Feasibility Study completion by mid-2026.
Key Points
  • $2,049,417 cash received by Sarytogan Graphite Limited from Kazakh Investor Dias Sarsenov.
  • Share Subscription Agreement between Sarytogan and Dias Sarsenov for A$3,617,405.
  • Advanced US$1M loan by Steinhardt Holding NV for the Definitive Feasibility Study.
  • Necessary approvals obtained from Kazakhstan’s Ministry of Industry and Construction.
  • Sarytogan Shareholder approval was renewed using ASX Listing Rule 7.1 and 7.1A.
  • Dias Sarsenov to be appointed to the Board of Sarytogan.
  • Top up placement with European Bank for Reconstruction and Development (EBRD) for $1,396,581.
  • Definitive Feasibility Study expected to be completed by mid-2026.
  • Sarytogan Graphite Deposit is a Strategic Project under the European Union’s Critical Raw Materials Act.
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.