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

NYSE Parent Invests $600M in Polymarket, Strengthening Market Position

This significant investment signals confidence in the future of predictive markets.Highlights: NYSE's parent company allocates $600M to Polymarket.Investment...
FinTech

Nexi Expands SEPA Direct Debit with Danish Banks, Enhancing Payments Integration

Nexi's collaboration with Danish banks aims to strengthen payment services across Europe.Highlights: Nexi partners with several Danish banks...
FinTech

Lloyds Confirms App Glitch Exposed Data of Almost Half a Million Customers

The significant data breach prompts concerns over customer privacy.Highlights: Lloyds Banking Group admits to a data breach affecting...
FinTech

Mastercard Restricts Sale of Nets Payments Unit Purchased for $3.2 Billion

Mastercard looks to divest its Nets payments segment as part of strategic realignment.Highlights: Mastercard is seeking to sell...