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Sarytogan Graphite Limited (ASX:SGA)

ALERT: Price-sensitive ASX Announcement for SGA
Current share price for SGA : $0.061 -0.049 (-44.55%)+
Announcement
Release
6 Nov 2025 9:36AM
Price at Release
$0.110
Full Release
download
Summary
Sarytogan Graphite Limited announced a $1.4 million top-up placement with the European Bank for Reconstruction and Development (EBRD). This agreement is part of ongoing financial support for the Sarytogan Graphite Project, following a previous $5 million investment by EBRD and a $3.6 million placement involving Kazakh investor Dias Sarsenov. Key conditions include shareholder approval and consent from Kazakhstan's Ministry of Industry and Construction. The placement will involve issuing 17,457,264 shares at 8 cents per share. The EBRD's shareholding will increase to 19.99%, and they will gain the right to nominate an observer to Sarytogan's Board. The Sarytogan Graphite Project, located in Kazakhstan, is a recognized Strategic Project in the EU’s Critical Raw Materials Act. The project has substantial mineral resources and is undergoing a Definitive Feasibility Study, expected to conclude by mid-2026.
Key Points
  • Sarytogan Graphite Limited announces $1.4M placement with EBRD.
  • The placement is a top-up to previous investments by EBRD and Dias Sarsenov.
  • 17,457,264 shares to be issued at 8 cents per share pending shareholder and governmental approvals.
  • EBRD's shareholding will increase to 19.99%; they can nominate a board observer.
  • The Sarytogan Graphite Project is part of the EU’s Critical Raw Materials Act.
  • The project includes substantial mineral resources and is advancing towards a mid-2026 feasibility study completion.
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.