Sarytogan secures $3.6M graphite funding from Kazakh transport tycoon
New capital injection for Sarytogan could not come in a better time. The company accelerates the definitive feasibility study. Lock engineering contracts have already been tendered and radar was completed in the middle of 20126.
Sarytogan’s graffiti deposit is shaped when playing a first class critical minerals with a 28.9 percent graphic carbon (TGC) with a 229 million tons of source and a 30 percent ore reserve at a 30 percent TGC.
The project also sits upright in the landscapes of Europe. Twelve months ago, it was determined that the European Union was of strategic importance within the scope of the critical raw material law. The European Bank of Reconstruction and Development (EBRD) then invested 5 million dollars in 16C for 17.3 percent of the company.
Following the Sarsenov settlement, Sarytogan offered an opportunity for EBRD to fill his position to protect his current position in the record. If the bank offers a proposal, Sarytogan and Australia may withdraw to $ 755,000 subject to the approval of Foreign Investment Investigation Board.
Given the geographical proximity to Kazakhstan and the high purity graffiti demand for batteries, the EU seems to have been perfectly positioned as a future exit partner.
Sarytogan, 90 percent of the material obtained from the deposit can produce concentrates of over 90 percent of carbon, and even without chemical preliminary processes, “five nine” purity – 99,9992% – after this interest became more urgent.
With Sarsenov’s money, EBRD’s potential meeting and a definite feasibility study running on a accelerated time schedule, Sarytogan seems to find the fuel he needs to push his Kazakh graffiti ambitions firmly to the European stage.
Does your company on the ASX list do something interesting? Contact: Mattbirney@bullsnbears.com.au
