Evolution Energy Minerals Limited is an exploration and development company established to discover and develop Graphite to supply the growing demand from global electrification. It is set to list on the Australian Securities Exchange (ASX).
Evolution Energy Minerals Limited has 1 project – Chilalo Graphite Project.
*Chilalo Graphite Project – Chilalo Graphite Project has one mining licences and and Environmental Approvals. The JORC-compliant Resource Estimate for the Projects is 67.3Mt (Probable Reserve & Indicated & Inferred). 18-year DFS, majority of strike remains undrilled.
Evolution Energy Minerals Limited raised $22,000,000 at $0.20 per share in its initial public offering (IPO). The Offer opens on 7 Oct 2021 and closes on 1 Nov 2021. The date for quotation on ASX is 16 Nov 2021.
Note: The dates shown on this page are indicative only and may change without notice.
IPO Summary
| ASX code | EV1 |
| Name | Evolution Energy Minerals Limited |
| Website | https://evolutionenergyminerals.com.au/ |
| Share Registry | Automic Pty Ltd |
| Underwriter | Not underwritten. Chieftain Securities (WA) Pty Ltd and Ashanti Capital Pty Ltd (Joint Lead Managers). |
| Opening Date for the Offer: | 7 October 2021 |
| Closing Date for the Offer: | 1 November 2021 |
| Date for New Shares to commence trading on ASX | 16 November 2021 12:30 PM AEDT |
| Funds to be raised under the Public Offer (before costs) | $22,000,000 |
| Offer price per Share | $0.20 |
| Shares on issue at the Prospectus Date | 50,000,000 |
| Shares to be issued under the Public Offer | 110,000,000 |
| Total Shares | 161,875,000 |
| Escrow | 51,875,000 Shares and 40,450,000 Options (a period of 24 months from quotation) |
| 40,000,000 Shares and 20,000,000 options (a period of 12 months from the date of issue) |
Source: Evolution Energy Minerals Limited prospectus