Evion Raises $2.3 Million at 2.1 Cents Per Share Led by Atlas Strategic Assets
Evion Group has raised $2.3 million through a placement led by US-based Atlas Strategic Assets, aiming to expand graphite production in India and develop new facilities in the US. This move highlights Evion's growing role in critical minerals supply chains for allied industrial and defense sectors.
- Placement raises approximately $2.3 million at 2.1 cents per share
- Atlas Strategic Assets to acquire about 15.92% equity in Evion
- Funds earmarked for expanding graphite production in India and US plant development
- Evion recognized by EU as preferred graphite supplier outside Europe
- Strategic investment aligns with US and allied critical minerals supply chain goals
Strategic Capital Injection
Evion Group NL (ASX – EVG), a vertically integrated graphite developer with projects spanning Madagascar, India, and Europe, has successfully completed a $2.3 million placement. The capital raise was led by Atlas Strategic Assets Inc., a US-based critical minerals investor with a high-profile advisory council including former US government officials and military leaders. Atlas Assets will take an initial stake of approximately 15.92% in Evion’s expanded equity structure.
Expanding Production Footprint
The proceeds from this placement will primarily fund the expansion of Evion’s expandable graphite production facilities in India, where operations commenced in late 2024. Additionally, Evion plans to progress options to develop and operate a similar graphite plant in the United States, targeting supply chains critical to US and allied industrial and defense sectors. This expansion aligns with growing geopolitical emphasis on securing reliable and ethical sources of critical minerals.
Geopolitical and Market Significance
Evion’s Maniry Graphite Project in Madagascar, recognized by the European Union as a preferred graphite supplier outside Europe, underpins the company’s strategic positioning. The EU’s designation offers accelerated permitting and enhanced financing opportunities, reinforcing Evion’s attractiveness to investors and partners. The partnership with Atlas Assets underscores the importance of Evion’s assets in supporting US-aligned supply chains amid increasing global competition for critical minerals.
Leadership Perspectives
Evion’s Managing Director David Round emphasized the company’s progress in establishing a foothold across Europe, the US, and Asia outside China, highlighting the strategic value of their graphite projects. Meanwhile, Atlas Assets’ Chief Legal and Financial Officer Richard M. Jones expressed strong support for Evion’s mission to build secure and ethical supply chains vital for economic and national security.
Next Steps and Market Impact
The placement shares are scheduled for allotment and quotation by 29 October 2025, with part of the issuance subject to shareholder approval at Evion’s upcoming Annual General Meeting. Investors will be watching closely how Evion leverages this capital to accelerate production growth and navigate regulatory and market challenges in the critical minerals sector.
Bottom Line?
Evion’s strategic capital raise signals a pivotal step toward expanding its global graphite footprint amid rising demand for secure critical minerals.
Questions in the middle?
- How quickly can Evion advance the US graphite plant development?
- What impact will EU Strategic Project status have on Evion’s financing and permits?
- Will Atlas Strategic Assets increase its stake or influence in Evion’s future direction?
