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Evion Group NL (ASX:EVG)

ALERT: Price-sensitive ASX Announcement for EVG
Current share price for EVG : $0.038 0.009 (31.03%)+
Announcement
Release
19 Feb 2026 8:07AM
Price at Release
$0.029
Full Release
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Summary
Evion Group NL has received formal notice from the Mines Ministry of Madagascar confirming the approval of their application to convert exploration permits to mining permits for the Maniry Graphite Project. The Mines Ministry has evaluated and confirmed that Evion's application meets all technical requirements under the new Mining Code, facilitating a prompt transition to exploitation permits. This development is a significant milestone for Evion, enabling the advancement of their plans to finalize offtake agreements, secure financing, and begin construction. The announcement coincides with the European Union's agreement to provide significant funding to the Madagascar Government for various infrastructure and development projects, reinforcing the EU's commitment to supporting graphite and critical mineral projects in Madagascar.
Key Points
  • Evion's Mining Permit application approved by the Madagascar Mines Ministry.
  • Formal notice allows for conversion of exploration permits to mining permits.
  • Compliance with new Mining Code enables prompt transition to exploitation permits.
  • Significant step towards concluding offtake agreements and financing plans.
  • EU commits over US$100 million for Madagascar development projects.
  • Maniry Project aims to supply graphite to Europe for electrification markets.
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.