EcoGraf Limited Launches Underwritten Share Purchase Plan

EcoGraf Limited (ASX:EGR; FSE: FMK) has introduced an underwritten Share Purchase Plan aimed at raising approximately A$2 million, with potential to accept applications exceeding the initial amount. The company, known for its advancements in battery anode materials, aims to support global clean energy transitions with its vertically integrated business model.

The plan allows eligible shareholders, as recorded by 2 September 2026, to purchase new shares at a 20% discount. Canaccord Genuity (Australia) Limited underwrites the initiative, and the funds will assist in advancing EcoGraf’s projects, notably the Epanko Project in Tanzania, and strategic initiatives in battery anode shaping and purification facilities worldwide.

Participation is optional for shareholders in specific regions, with applications processed on a pro-rata basis if oversubscribed. The company retains flexibility to supplement the plan with additional placements to institutional investors if required.