Talga appoints Macquarie Capital financial adviser for project financing and strategic investment process.
Advanced battery anode materials and graphene additives provider Talga Resources Ltd (“Talga” or “the Company”) (ASX:TLG) is pleased to announce, with immediate effect, the appointment of Macquarie Capital (Europe) Limited (“Macquarie”) as the Company’s financial adviser.
The Company has significantly progressed the qualification of its Talnode®-C product with target customers, commenced the Stage 1 Definitive Feasibility Study for the Vittangi graphite anode project (“Project”), and has been reviewing a number of potential financing options.
To this end, the Company is pleased to have signed a mandate under which Macquarie will act as financial adviser to the Company with a focus on engaging strategic partners and investors in regards to financing of the Project (Stage 1 and Stage 2).
The engagement also includes exploring the merits of an additional listing on the London Stock Exchange at the appropriate time.
Talga Managing Director, Mr Mark Thompson: “It is pleasing that Macquarie recognises Talga’s strong market position and advanced stage of becoming Europe’s first large-scale lithium-ion battery anode producer. Macquarie are uniquely placed to assist Talga, having an extensive industry network and successful track record introducing battery materials companies as strategic partners and investors.”