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Debt was considered by big equity raiser Syrah

EMERGING graphite producer Syrah Resources has indicted it did consider its debt option before deciding to raise A$94 million in new equity to complete the ramp up of the Balama project in Mozambique and make progress with its battery anode material business in the USA.

Michael Quinn
Debt was considered by big equity raiser Syrah

"We continue to review debt options and have had discussions with financiers," a Syrah spokesperson told MNN. "But given the cost of debt and the restrictions placed on it, equity was chosen as the...

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