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EV Resources: Secures $25m investment to bolster growth plans | Fintech InShorts: Latest fintech news, analysis by experts

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

By Steve Sam

February 7, 2023

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

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