Syrah Resources Limited (ASX:SYR) announced an Extraordinary General Meeting in August to request shareholder approval to demerge its assets through a distribution to shareholders, followed by a listing on the ASX through an IPO of new company Jacana Minerals Limited.
As quoted in the press release:
The expected value of the new company, Jacana Minerals Limited, at listing is expected to be less than $20 million after a proposed raising of about $8 million.
Investing in graphite? Eagle Graphite Incorporated (TSXV:EGA) owns one of only two natural flake graphite production facilities in North America. Eagle Graphite recently achieved 99.995% purity from flake graphite produced from the processing plant of the Black Crystal project in BC.
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