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Evolution Energy Minerals Raises $4.18M in Oversubscribed Rights Issue
11:42am on Wednesday 11th of March, 2026 AEDT
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Mining
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Evolution Energy Minerals Raises $4.18M in Oversubscribed Rights Issue
11:42am on Wednesday 11th of March, 2026 AEDT
Key Points
Rights issue raised approximately $4 million before costs
Additional $150,000 raised via follow-on placement with Mahe Capital
278.9 million new shares and 139.4 million new options to be issued
Funds allocated to Chikundo Copper and Chilalo Graphite projects, loan repayment, and working capital
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Evolution Energy Minerals (ASX:EV1)
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