Falcon Energy Materials plc

Falcon Energy Materials, formerly SRG Mining, is pleased to announce the completion of its redomiciliation to the jurisdiction of the Abu Dhabi Global Market in the United Arab Emirates. The UAE Redomiciliation will provide the Company with expanded strategic options as it advances its partnership discussions. Additionally, the United Arab Emirates has double taxation and bilateral investment treaties with the Republic of [...]

SRG Mining announced that all nominees listed in the management proxy circular were elected as directors of the Company at its annual general meeting of shareholders held on Friday May 17th, 2024. A total of 57,508,748 common shares or 48.99% of the Company's issued and outstanding common shares as of the record date were represented in person or by proxy at the AGM. The following seven incumbent directors were [...]

SRG Mining announced the cancellation of all outstanding restricted share units of the Company which had been awarded to certain officers, employees, and consultants of the Company and the annual grant of stock options to certain officers. Cancellation As a result of the Cancellation, an aggregate of 1,750,000 RSUs granted to the RSUs Holders by the Company on March 1, 2022 were cancelled. The Board believes that the [...]

SRG Mining announced the strategic decision to terminate the agreements and non-binding term sheet with Carbon ONE New Energy Group, initially announced on July 10th, 2023, and November 24th, 2023, respectively. "The conclusion to discontinue our transactions with C-ONE, though challenging, was made with a clear focus on safeguarding and advancing the interests of our shareholders and stakeholders," said Matthieu Bos, SRG [...]

SRG Mining announced further details on the previously announced redomiciliation of SRG to another jurisdiction as well as an update on the strategic partnership and financing discussions. Redomiciliation to United Arab Emirates Following a comprehensive review of various jurisdictions the Company has selected the Abu Dhabi Global Market in the United Arab Emirates as the preferred jurisdiction for redomiciliation . The [...]

SRG Mining announced that Carbon ONE New Energy Group and the Company have signed a non-binding term sheet to invest approximately C$16.9 million in SRG. The Term Sheet offers substantial additional advantages to the Parties and updates the previously announced agreement of July 9. SRG will maintain its listing on the TSXV but has agreed to redomicile outside of Canada. The proposed transaction will therefore not require [...]

SRG Mining announced significant progress has been made towards meeting the closing conditions of the proposed private placement, announced on July 10, to Carbon ONE New Energy Group. Under terms of the agreement, SRG will issue 28,222,380 common shares to C-ONE through a private placement at a price of C$0.60 per share. The subscription amount is approximately C$16.9 million. On closing, C-ONE will come to own 19.4% of [...]

SRG Mining announced that in connection with services rendered the Company has issued 351,043 Deferred Share Units to its directors. In accordance with the Company's Amended and Restated Long-Term Incentive Plan, the DSUs were priced based on the 5 day VWAP ending Sept 5, of the Company's common shares on the TSXV. SRG Mining is a Canadian-based mining company focused on developing the Lola Graphite Project located in the [...]

RG Mining announced significant progress has been made towards meeting the closing conditions of the proposed private placement, announced on July 10, 2023, to Carbon ONE New Energy . Under terms of a subscription agreement between the Company and C-ONE, SRG will issue 28,222,380 common shares to C-ONE through a private placement at a price of C$0.60 per share. The subscription amount is approximately C$16.9 million . On [...]

SRG Mining Inc. announced today that Carbon ONE New Energy Group Co., Ltd has agreed to acquire a 19.4% stake in SRG. C-ONE is an innovative anode material industry leader and one of the lowest cost anode material producers in China. Under terms of the agreement, SRG will issue 28,222,380 common shares to C-ONE through a private placement at a price of C$0.60 per share, yielding gross proceeds to SRG of approximately [...]