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

Kulipa Secures $62M to Enhance Stablecoin Card Issuing Infrastructure

Funding aims to strengthen cryptocurrency card services in the growing fintech market.Highlights: Kulipa raises $62M to enhance its...
FinTech

Visa Launches AI-Powered Dispute Resolution Tools

New tools aim to streamline resolution of payment disputes.Highlights: Visa introduces AI tools for payment dispute resolution.The new...
FinTech

UK Fintechs Vibepay and SmartLayer Shut Down

Both companies cease operations amidst challenging market conditions.Highlights: Vibepay and SmartLayer have officially ceased operations.The closures are attributed...
FinTech

Visa and Ramp Boost Bill Pay Automation with Agentic AI

New integration aims to streamline corporate expense management processes.Highlights: Visa and Ramp announce partnership to automate corporate bill...