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Can Evolution Energy Minerals Overcome Tanzanian Regulatory Hurdles with $4M Raise?
8:38am on Wednesday 11th of February, 2026 AEDT
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Can Evolution Energy Minerals Overcome Tanzanian Regulatory Hurdles with $4M Raise?
8:38am on Wednesday 11th of February, 2026 AEDT
Key Points
Renounceable entitlement offer to raise approximately $4.03 million
One new share for every two held, with free attaching options exercisable at $0.02
Offer partially underwritten to $1.5 million by Mahe Capital, with Metals One PLC as sub-underwriter
Funds targeted for Chikundo Copper and Chilalo Graphite projects in Tanzania
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