Battery anode company
The SPP, targeting
Given the strong support from shareholders, and the potential to bring forward a number of development opportunities and further de-risk project development, the Talga Board has exercised its discretion under the terms of the SPP to increase the size of the offer to
Completion of 25,000 tonne trial mine at Niska South and subsequent production of up to 5,000 tonnes of commercial Talnode product samples;
Commencement of early stage infrastructure works and securing long lead items for the commercial 19,000 tonnes anode per annum
Increased drilling to expand Talga's Swedish graphite resources and upgrade/deepen its Vittangi resources across Nunasvaara South (DFS expected
The strong demand from eligible shareholders necessitates a significant scale-back of SPP applications. Scale backs have been applied using a range of factors outlined in the SPP Offer Document including trading activity since the SPP Record Date and metrics to reward longer-term shareholders. Talga Directors eligible to participate in the offer have all applied for the maximum SPP entitlement and have been scaled back using the same factors.
Talga Non-Executive Chair,
Talga Managing Director,
The SPP shares are expected to be issued on Wednesday,
Refund Process The payment of refunds for scaled back applications, as well as invalid applications, is expected to commence on Monday,
To expedite the refund process, shareholders are encouraged to provide their nominated bank account details. If shareholders need to update their nominated bank account details this can be done on the Automic Investor Portal at: www.investor.automic.com.au. Any changes to nominated bank account details need to be completed by
If shareholders have not provided their nominated bank account details their refund will be received via cheque, mailed in the post to the relevant registered address as shown in the share register. For any queries, shareholders should contact the Company's share registry,
Contact:
Tel: +61 (0) 8 9481 6667
About Talga
Forward-looking statements & Disclaimer
Statements in this document regarding the Company's business or proposed business, which are not historical facts, are forward-looking statements that involve risks and uncertainties, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. Investors are cautioned not to place undue reliance on forward-looking statements.
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