Latest Madagascar News

Evion Group has successfully raised $1.33 million through a rights issue, positioning itself to accelerate production at its Panthera JV in India. The company also announced a bonus options offer to reward shareholders and support future expansion.

AKORA Resources has raised $1.293 million through a strategic share placement involving its first institutional investor and full board participation, aiming to advance logistics and investor discussions for its Bekisopa iron ore project.

Greenwing Resources reports significant progress in its lithium and graphite projects, notably expanding the lithium brine footprint at its San Jorge Project in Argentina and advancing exploration in Madagascar amid regulatory shifts.

Akora Resources reports strong progress at its Bekisopa Iron Ore Project in Madagascar, highlighted by successful drilling results, completion of key technical studies, and official support from the Malagasy government. The company is on track to deliver a Pre-Feasibility Study by Q1 2025, aiming to produce high-grade direct shipping ore for steelmakers focused on decarbonisation.

Cassius Mining Limited reports significant progress on its Soalara Limestone Project in Madagascar, initiates joint venture talks, and advances a major arbitration case against Ghana, while raising $1 million in fresh capital.

Evion Group has initiated shipments from its expandable graphite joint venture in India, securing initial sales of A$2 million, while making significant progress on mining licenses and community support for its Maniry Graphite Project in Madagascar.

Cassius Mining Limited has successfully raised $1 million through a share placement to fund its Soalara project in Madagascar and ongoing litigation in Ghana, signaling a strategic push in key operational areas.