Australian (ASX) Stock Market Forum

On December 1st, 2022, BlackEarth Minerals NL (BEM) changed its name and ASX code to Evion Group NL (EVG).
 
My entry for January 2023 monthly comp.
Contrarian chart, but recent name change and silly season has this flying under the radar.
Urbix offtake not factored in the SP yet IMO.

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Expecting a start of graphite production any day now, was supposed to be March.
Either that, or a delayed announcement which might push the SP down further.
52 week low is $0.020, so hopefully the bottom is in.
Was an April comp consideration, but the coin toss went elsewhere.
Bloomin specs. Holding a bit.

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Somethiing of interest. Only expandable graphite producer on the asx: EVG. Trading like it has no assets yet full production imminent
Well Mr Flopper welcome aboard this wonderful site. May you contribute long and consistently
 
trading like it has no cash ... < $2million at end Q
.. good news stories, get SP higher, and bamm.


PROJECT HIGHLIGHTS
• During the Quarter, all equipment testing was completed at Evion’s joint venture, Panthera Graphite Technologies' newly constructed expandable graphite facility in India, paving the way for the commencement of full-scale production.
• All government permits, infrastructure, and treatment plants are now in place, ensuring that full production capacity can be achieved in the short term.
• Strategic planning has already commenced for PGT to expand production, with the potential to more than double sale volumes and revenue. This potential production increase is driven by strong demand for expandable graphite, positioning PGT as one of the largest producers, outside of China, supplying markets in Europe, the USA, and Southeast Asia.
• Subsequent to the end of the quarter, PGT has secured a concentrate supply for the rest of the year, ensuring both supply and pricing stability to meet production demands for the remainder of the year.
• During the quarter, the Board appointed Ms Lydia Boarlaza as leading mine development advisor to the Evion executive team as the Company progresses to secure permits and licence approvals in
Madagascar.
• Development planning and community liaison for the Maniry Graphite Project continued with ongoing productive discussions held with the local community and local government officials.
 
up 15 percent ... 3.4c

Highlights
-Production testing and sample approvals completed paving the way for full production to commence at Evion’s expandable graphite JV (50/50) operations near Pune, India
- A detailed production schedule created with circa 400 tonnes of expandable graphite expected to be produced over the forthcoming 10 weeks
- Following a recent visit from offtake buyers, a contract has been concluded to sell all production for the first 10 weeks to European buyers on very favourable commercial terms
- The JV expects to receive over A$2m from the sales of this initial 386 tonne of production with all sales prices more than US$3,000 / mt FOB achieved
- It is expected further sales contracts will be signed in the short term for ongoing supplies for the remainder of the CY2025
- The JV is expected to host another delegation of buyers in Q4 2024 as demand from prospective buyers expands globally
- Expandable graphite is used extensively in the EV, aerospace, energy storage and electronics industries with significant growth in these markets expected in the future.
 
hoping to be a hopeful

- Evion to undertake a Non-Renounceable Rights issue to existing shareholders to raise up to $2.7m
- Proceeds from the Rights Issue will be used to:
o Contribute Evion’s 50% share of capital to double the production profile at the operating Panthera JV in India;
o Fund continued development in Madagascar as we complete various projects in anticipation of the granting of mine development permits;
o Ongoing studies for our development of a battery anode material plant; and
o general working capital.
- The 1 for 3 Rights Issue is to raise up to $2.7m (before costs) is priced at $0.023 per Share

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