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Evolution Energy Secures US$2M Convertible Note Boost for Kudu Graphite

8:36am on Tuesday 3rd of June, 2025 AEST Mining
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Evolution Energy Secures US$2M Convertible Note Boost for Kudu Graphite

8:36am on Tuesday 3rd of June, 2025 AEST
Key Points
  • US$2 million non-binding convertible note commitment secured
  • Notes bear SOFR + 10% interest with semi-annual compounding
  • Funds earmarked for Kudu Graphite’s balance sheet and project costs
  • Transaction subject to final approvals and documentation
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