Sarytogan Graphite Limited (ASX:SGA)

ALERT: Price-sensitive ASX Announcement for SGA

Current share price for SGA : $0.060 -0.045 (-42.86%)⁺

Announcement

$1.8M Placement

Release

26 Nov 2025 9:09AM

Price at Release

$0.105

Full Release

Summary

Sarytogan Graphite Limited announced a successful $1.8 million placement from sophisticated and professional investors to advance their Definitive Feasibility Study (DFS) and supplement earlier placements to EBRD and Sarcenov. The placement involved issuing 20 million new shares at $0.09 each, along with options exercisable at $0.15, within the company's placement capacity under ASX Listing Rules. This financing will support engineering updates, resource/reserve updates, downstream test-work, customer qualification, and project development activities. The funds complement conditional agreements with EBRD and Dias Sarsenov, contingent upon approvals from the Kazakh Ministry of Industry and Construction. Sarytogan Graphite's deposit in Kazakhstan is recognized under the EU's Critical Raw Materials Act, emphasizing its strategic importance for supplying materials for batteries and other uses.

Key Points

Firm commitments received to raise $1.8 million.
Funding to advance the Definitive Feasibility Study (DFS).
Placement comprises 20 million new shares at $0.09 per share.
Options attached to shares exercisable at $0.15.
Funds used for engineering, resource updates, downstream flowsheet, permitting, and working capital.
Conditional placements with EBRD and Dias Sarsenov totaling $5 million.
Sarytogan Graphite Deposit is 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.