CAPITAL MARKETS

Syrah raises $110M

GRAPHITE developer Syrah Resources has secured underwriting for a A$110 million capital raising to accelerate development of its Balama mine in Mozambique and a battery anode material facility in the USA.

Haydn Black
Syrah raises $110M

The company said the equity raising was chosen because debt was an expensive, ill-fitting option. The underwriters are Credit Suisse and UBS. The raising is being done at a price of $3.38 per share,...

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