Evolution Energy Minerals (ASX:EV1) has engaged Satoshi Capital Advisors as a financial advisor to secure funding during the pre-development and development stages of the Chilalo Graphite Project in Tanzania.
Satoshi will target the North American, Asia-Pacific, and European markets for staged funding, which are expected to be quasi-debt in nature.
The financial advisors will assess a number of structured capital options, advising Evolution of commercial teams and funding structure design through the due diligence, evaluation of proposals, and negotiations for financing arrangements.
Chilalo has a total indicated and inferred resource of 67.3 million tonnes, graded at an average of 5.4% total graphite content.
Evolution Energy Minerals is a graphite explorer focused on providing sustainable products suited for the global green economy.
Write to Maddison Elliott at Mining.com.au
Images: Evolution Energy Minerals
