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Syrah Resources Limited (ASX:SYR)

ALERT: Price-sensitive ASX Announcement for SYR
Current share price for SYR : $0.103 -0.023 (-18%)+
Announcement
Release
22 Apr 2026 8:59AM
Price at Release
$0.125
Full Release
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Summary
Syrah Resources Limited has announced the completion of its retail entitlement offer, raising approximately A$61 million at a fixed price of A$0.105 per new share. This offer is part of a larger equity raising strategy that in total gathered approximately A$104 million, including the institutional component. Proceeds will be used for funding Vidalia's working capital, ramping up the Balama operation, and covering costs associated with strategic funding proposals. The new shares are set to commence trading on 27 April 2026. The equity raising has also resulted in an adjustment to the conversion price of AustralianSuper’s convertible notes.
Key Points
  • Completion of retail entitlement offer raising A$61 million.
  • Total equity raising amounts to approximately A$104 million.
  • Funds to support Vidalia working capital and Balama ramp-up.
  • New shares to commence trading on 27 April 2026.
  • Adjustment of conversion price for AustralianSuper’s notes.
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.