FinTechFunding

EV Resources: Secures $25m investment to bolster growth plans

EV Resources Secures $25m investment to bolster growth plans

  • EV Resources (EVR) secures $25 million investment from Sapphire Global Energy Fund via an equity placement to support growth plans
  • The funds will be used to acquire projects and also develop the company’s portfolio, including drilling campaigns and funding towards JORC-compliant mineral resource estimates of the projects
  • The investment comes in the form of a $25 million equity drawdown facility, with a term for 60 months starting on March 1, 2023, unless an earlier date is agreed on
  • EVR Executive Director Navin Sidhu said the investment highlights Sapphire’s buy-in on the growth potential of the company
  • EVR shares are up 46.7 per cent, trading at 2.2 cents at 12:34 pm AEDT
Previous article
VSoft: Adds Lee Crocker as Head of Operations to support company’s continued growth
Next article
Nitro Software: Receives proposal for boosted takeover offer from Potentia
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

FinTech

Swedish Court Delays Judgment in Klarna’s Antitrust Case Against Google

The court's decision is crucial for Klarna's operations in the competitive market.Highlights: Swedish court delays decision on Klarna's...
FinTech

Morgan Stanley Launches Bitcoin ETF, Expanding Crypto Offerings

The investment firm broadens its reach into the cryptocurrency market.Highlights: Morgan Stanley launches a Bitcoin ETF to enhance...
FinTech

HSBC Strengthens Position with Hong Kong Stablecoin Issuer License

The banking giant aims to support digital asset initiatives in the region.Highlights: HSBC receives a stablecoin issuer license...
FinTech

US Treasury Secretary Warns Banks About Anthropic’s New AI Model

Treasury Secretary highlights risks AI poses to financial stability.Highlights: US Treasury Secretary warns banks about the risks of...