Graphex Mining has announced an US$80 million funding solution for the development of its Chilalo graphite project in Tanzania, which will see the company fully funded to first production. Highlights of the announcement include the following. - Castlelake L.P. agrees to provide up to US$80 million of funding for the Chilalo graphite project. - US$5 [...]
Graphex Mining metallurgical test work significantly enhances flake size & drives valuation uplift. Analyst Comment: Metallurgical test work by the Chinese syndicate of investors far exceeded our expectations, as results show 42% of the flake size is equal to or greater than super jumbo (price increases as flake size increases). The significant [...]
Graphex Mining has signed a non-binding term sheet with a Chinese syndicate of investors, setting out a number of the key commercial terms relating to the proposed joint venture, offtake and financing for the Chilalo Graphite Project. Highlights include: - The Syndicate will make an equity investment of US$18-20M (A$24-27M) for a 50% interest in [...]
Graphex Mining is developing the Chilalo graphite project in Tanzania. Unlike the majority of other graphite developers that have targeted the spherical graphite sector, Graphex plans to sell concentrate from Chilalo into the expandable graphite market. Expandable graphite is used predominately in flame retardant building materials. Recent changes [...]
IMX Resources is pleased to advise that Graphex Mining Limited has been admitted to the official list of ASX Limited. Official quotation of Graphex fully paid ordinary shares will commence at 11:00 am AEST on Tuesday 14 June 2016. Graphex has been assigned the ASX Security Code GPX.
IMX Resources is pleased to advise that the conditions precedent to the sale of the Chilalo Graphite Project to Graphex Mining Limited have been satisfied. As a result, the in-specie distribution of Graphex shares to IMX shareholders and the issue of Graphex shares to subscribers under the initial public offering can now take place. A timetable for [...]
IMX Resources is pleased to advise that the full $7 million under the Graphex Mining Initial Public Offer was received early last week. The Offer was managed jointly by Palladion Partners and RM Corporate Finance. There was strong demand under both the priority offer to IMX shareholders and the general offer, with the Offer heavily oversubscribed [...]
IMX Resources advises that further to its announcement on 27 April 2016, it has been working with the Australian Securities and Investments Commission to address certain concerns notified by ASIC in relation to the prospectus lodged by Graphex Mining on 4 April 2016. ASIC’s concerns predominantly emanated from Information Sheet 214 on forward [...]
IMX Resources reminds the Company’s shareholders, that in connection with the asset restructure announced on 21 December 2015, the opportunity to apply for shares in Graphex Mining Limited under the priority offer to IMX shareholders, closes at 5:00 pm (WST) on Tuesday 26 April 2016. With strong support for the Graphex initial public offer, in [...]
IMX Resources advises that Graphex Mining, has today lodged a prospectus (the ‘Prospectus’) with the Australian Securities and Investments Commission inviting investors to subscribe for new shares under an initial public offer of Graphex shares. As previously advised, Graphex is a new wholly-owned subsidiary of the Company which, upon completion of [...]
IMX Resources advises that its plans to spin-out one of the world’s best undeveloped graphite projects into a standalone listed vehicle remains on schedule to complete in May 2016. A sale and purchase agreement has now been entered into for the sale of IMX’s graphite assets, including the Chilalo Graphite Project, to Graphex Mining Limited [...]
IMX Resources has unveiled a high-calibre board of directors for Graphex Mining, the new wholly-owned subsidiary of the Company, which upon completion of the asset restructure announced on 21 December 2015 will own and operate the flagship Chilalo Graphite Project. Graphex will be headed by mining veteran Stephen Dennis as Non-executive Chairman [...]
