Battery Minerals Raises $20M to Fast-Track Montepuez and Balama Graphite Projects

Battery Minerals (ASX:BAT) (“Battery Minerals” or the “Company”) is pleased to announce that it has received commitments from institutional, sophisticated and professional investors to raise $20 million (“Capital Raising”).
Battery Minerals Executive Chairman David Flanagan said:

“This capital raising is a key milestone in the Company’s strategy to become a graphite supplier to the lithium battery industry. The overwhelming support we have received from investors around the world reflects the quality of our project and its outstanding potential to tap into the lithium battery market.
We have received a huge response to our strategy to develop a project with low capital costs, limited funding requirements and a short lead-time to production. This approach will enable us to maximise financial returns and minimise risks and time delays, enabling us to capitalise on the huge opportunity unfolding in the energy sector as quickly and efficiently as possible.”

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