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Sarytogan Graphite Limited (ASX:SGA)

ALERT: Price-sensitive ASX Announcement for SGA
Current share price for SGA : $0.059 -0.026 (-30.59%)+
Announcement
Release
30 Apr 2026 9:01AM
Price at Release
$0.085
Full Release
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Summary
Sarytogan Graphite Limited announced that it has received approximately $1.4 million from the European Bank for Reconstruction and Development (EBRD) as part of a top-up placement agreement. This follows a previous investment from a Kazakh investor. The placement involved issuing 17,457,264 shares, which required several key approvals from Kazakhstan's Ministry of Industry and Construction, Australia's FIRB, and Sarytogan shareholders. The funds are intended to be used for the completion of the Definitive Feasibility Study and other necessary works for the Sarytogan Graphite Project. The project is considered a strategic project under the EU's Critical Raw Materials Act, highlighting its importance in supplying sustainable raw materials for Europe.
Key Points
  • $1.4M cash received from EBRD.
  • Top up placement of 17,457,264 shares agreed with EBRD.
  • Approvals received from Kazakhstan’s Ministry of Industry and Construction.
  • Australia’s FIRB provided a ‘no objection notification’.
  • Sarytogan Shareholder approval obtained at the EGM.
  • Funds to be used for Definitive Feasibility Study and ongoing works.
  • EBRD investments aim to enhance competitiveness and sustainability.
  • Sarytogan Graphite Project designated as a Strategic Project under the EU’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.