International Graphite Secures $4 Million to Boost European and Australian Processing

Capital Raise Targets Strategic Graphite Processing Expansion

International Graphite Limited (ASX:IG6) has secured firm commitments to raise $4 million before costs through a placement priced at $0.04 per share, representing an 18.4% discount to the last traded price. The raise includes 100 million new shares accompanied by one-for-two free attaching options exercisable at $0.08 within two years. This injection aims to accelerate the company’s midstream graphite processing facilities in Europe and Australia.

Backing from Institutional and Strategic Investors

The placement attracted strong support from existing shareholders and new institutional investors, notably a UK-based critical minerals and metals fund with commercial experience across the graphite supply chain. This cornerstone investment underscores growing recognition of IG6’s strategy to establish a secure and capital-efficient graphite processing platform aligned with Western markets’ push for reliable supply chains.

Funding to Propel Alkeemia Joint Venture and Collie Facility

The proceeds will primarily fund the Alkeemia / IG6 Joint Venture in Porto Marghera, Italy, pushing it towards a final investment decision and early works commencement this year. Concurrently, the raise will complete equity funding for the Collie Micronising Facility in Western Australia, where construction is ramping up to create Australia’s first commercial graphite micronising plant. IG6 also holds $7.6 million in undrawn Western Australian government grants earmarked for these projects, enhancing their capital base.

Placement Structure and Shareholder Approvals

The raise will be executed in two tranches: 51.2 million shares issued immediately under existing placement capacity, and 48.8 million shares subject to shareholder approval expected in late July 2026. Directors have committed $60,000 through the acquisition of 1.5 million shares, contingent on shareholder consent. Options issued to placement participants will also require approval. Pamplona Capital Pty Ltd acted as lead manager and broker, earning a fee and 7.5 million options on matching terms.

Positioning IG6 for Growth in Critical Minerals Supply Chains

Managing Director Andrew Worland highlighted that the raise strengthens IG6’s balance sheet during a significant growth phase, enabling the company to advance its European graphite processing platform and Australian facility. The projects are designed to meet increasing demand for high-spec industrial graphite products in energy storage, advanced manufacturing, and defence sectors, offering alternatives to traditional supply chains dominated by China.