Talga Group has announced the successful completion of a A$14.5 million (around US$10 million) share placement to institutional and sophisticated investors, along with the launch of a Share Purchase Plan (SPP) offering eligible shareholders in Australia, New Zealand, and Singapore the opportunity to participate and raise up to an additional A$5 million (about US$3.3 million).
The funds raised will be used to progress engineering work for a staged expansion to 5,000 tonnes per year of anode production, supported by Talga’s recently awarded A$13.35 million (almost US$9 million) Industriklivet grant from Sweden.
Talga Group has announced the successful completion of a A$14.5 million (around US$10 million) share placement to institutional and sophisticated investors, along with the launch of a Share Purchase Plan (SPP) offering eligible shareholders in Australia, New Zealand, and Singapore the opportunity to participate and raise up to an additional A$5 million (about US$3.3 million).The funds raised will be used to progress engineering work for a staged expansion to 5,000 tonnes per year of anode production, supported by Talga’s recently awarded A$13.35 million (almost US$9 million) Industriklivet grant from Sweden.
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