Falcon Energy Materials plc

SRG Announces Positive Economic Results of Updated Feasibility Study for Lola Graphite Project Annual Production Doubled to 94,000 tpa Graphite in Concentrate Modest Increase in Capital Costs of US$185 Million Compares Favourably to Industry Average Capital Intensity After-Tax NPV8% of US$218 Million and IRR of 25% over 17 years Financing, Offtake and Strategic Partnership Discussions Progressing Montreal, QC - February [...]

SRG Mining Inc. announced further details on the financing, offtake and strategic partnership discussions to advance the development of the Lola Graphite Project in the Republic of Guinea into a fully integrated supplier of battery anode material to the North American and European markets. As the Company looks back on the transformational year of 2022 where it attracted significant investment from the La Mancha Fund, it [...]

SRG Mining announces that it has changed its auditors from PricewaterhouseCoopers LLP to Raymond Chabot Grant Thornton LLP. The Former Auditor resigned as auditor of SRG at the Company's request and the Company appointed the Successor Auditor as the new auditor effective October 24th, 2022. In accordance with National Instrument 51-102 - Continuous Disclosure Obligations, the Company has filed a Notice of Change of [...]

SRG Mining Inc. announced today that in connection with services rendered the Company has issued 279,221 Deferred Share Units to 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 July 27, 2022 of the Company's common shares on the TSX Venture Exchange. About SRG Mining SRG Mining is a Canadian-based mining company focused on [...]

SRG Mining Inc. is pleased to announce that all resolutions as set out in the Company's notice of meeting and information circular dated May 3, 2022, were passed by the requisite majority at its annual general meeting held in Mont-Royal Quebec on June 9, 2022. PricewaterhouseCoopers LLP, Chartered Professional Accountants were re-appointed as auditors of the Company for the ensuing year and shareholders approved the [...]

SRG Mining Inc. announced further details on the strategic corporate plan to develop its Lola Graphite Project in the Republic of Guinea into a fully integrated supplier of battery anode material to the European market. The integrated business model would result in the creation of a mine-to-market active anode material producer, hosting a large high-purity graphite production mine and concentrator in Africa and a [...]

SRG Mining announced that Sprott Private Resource Lending II, has converted the full outstanding amount of capital owed under the previously announced Sprott convertible debt facility to common shares of the Company. The total principal amount of US$482,371 has been converted at the pre-agreed conversion price of C$0.69 per share. As a result, SRG has issued 881,550 common shares to Sprott. In addition to the Shares, the [...]

SRG Mining announced that La Mancha Fund SCSp has completed a non-brokered private placement in SRG, previously announced on March 16, 2022. SRG has issued 22,442,941 common shares to a subsidiary of the Fund at a price of C$0.56 per share, yielding proceeds to SRG of C$12,568,047. Upon completion of the Private Placement, the Fund now owns 19.9% of SRG's issued and outstanding common shares, establishing it as one of [...]

SRG Mining Inc. announced today that La Mancha Fund SCSp , a fund advised by La Mancha Capital Advisory LLP , has completed its confirmatory due diligence and has received the internal approvals necessary to complete the private placement in SRG. The private placement now remains subject only to customary closing conditions, including TSX Venture Exchange approval, and is expected to close on or before March 31, 2022 [...]

SRG Mining Inc. announced that La Mancha Fund SCSp has agreed to acquire a significant 19.9% stake in SRG. Subject to final due diligence, execution of definitive documentation, and approval from La Mancha's Investment Advisory Committee and the Fund's manager, SRG will issue 22,442,941 common shares to the Fund through a private placement at a price of C$0.56 per share, yielding proceeds to SRG of approximately C$13 [...]