CAPITAL MARKETS

Talga cashes up

Talga Resources has raised around A$8.5 million in an oversubscribed institutional placement

Staff reporter

This article is 6 years old. Images might not display.

The company will issue around 13.1 million shares at 65c each, a 5.8% discount to Talga's last closing price of 69c.

Canaccord Genuity acted as sole lead manager to the placement, which saw a number of new institutions join the Talga register.

The company was not short of cash, but said it conducted the placement following in-bound interest from several new high-quality investors.

"We welcome our new institutional shareholders to the Talga register in what we see as a maturing vote of confidence by equity markets in the long-term upside for Talga's global scale graphite-graphene material and technologies business," Talga managing director Mark Thompson said.

Talga expects to have $18.5 million cash as of June 30.

The funds will be used for lithium-ion battery graphite and graphene product development, including scale-up of battery anode commercial samples towards product marketing/offtake agreements, graphite resource to reserve conversion and studies, cobalt project development in preparation for a potential spin-off, and working capital.

Talga has three business divisions; one covering its graphite and cobalt resources in Sweden, Talga Advanced Materials, a test process facility in Germany, and Talga Technologies, an R&D facility in the UK.

Talga shares were unchanged at 69c in early trade.

 

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

MiningNews.net Research Report 2025

The MNN Research Report 2025 provides insights into critical mining themes in Australia/Oceania, including top projects, C-suite priorities, risk, ESG performance and investor sentiment.

editions

Mining Journal Intelligence: Investor Sentiment Report 2025

Exclusive insights into the plans, priorities and preferences of 130+ mining investors and top factors influencing investment decisions in 2025.

editions

Mining Journal Intelligence World Risk Report 2024 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 117 jurisdictions globally, assessed across six risk categories and an industrywide survey.

editions

Mining Company ESG Index: Benchmarking the Future of Sustainable Mining

The Mining Company ESG Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.