SRG Mining announced the cancellation of all outstanding restricted share units of the Company which had been awarded to certain officers, employees, and consultants of the Company and the annual grant of stock options to certain officers. Cancellation As a result of the Cancellation, an aggregate of 1,750,000 RSUs granted to the RSUs Holders by [...]
SRG Mining announced the strategic decision to terminate the agreements and non-binding term sheet with Carbon ONE New Energy Group, initially announced on July 10th, 2023, and November 24th, 2023, respectively. "The conclusion to discontinue our transactions with C-ONE, though challenging, was made with a clear focus on safeguarding and advancing [...]
SRG Mining announced further details on the previously announced redomiciliation of SRG to another jurisdiction as well as an update on the strategic partnership and financing discussions. Redomiciliation to United Arab Emirates Following a comprehensive review of various jurisdictions the Company has selected the Abu Dhabi Global Market in the [...]
SRG Mining announced that Carbon ONE New Energy Group and the Company have signed a non-binding term sheet to invest approximately C$16.9 million in SRG. The Term Sheet offers substantial additional advantages to the Parties and updates the previously announced agreement of July 9. SRG will maintain its listing on the TSXV but has agreed to [...]
SRG Mining announced significant progress has been made towards meeting the closing conditions of the proposed private placement, announced on July 10, to Carbon ONE New Energy Group. Under terms of the agreement, SRG will issue 28,222,380 common shares to C-ONE through a private placement at a price of C$0.60 per share. The subscription amount is [...]
SRG Mining announced that in connection with services rendered the Company has issued 351,043 Deferred Share Units to its directors. In accordance with the Company's Amended and Restated Long-Term Incentive Plan, the DSUs were priced based on the 5 day VWAP ending Sept 5, of the Company's common shares on the TSXV. SRG Mining is a Canadian-based [...]
RG Mining announced significant progress has been made towards meeting the closing conditions of the proposed private placement, announced on July 10, 2023, to Carbon ONE New Energy . Under terms of a subscription agreement between the Company and C-ONE, SRG will issue 28,222,380 common shares to C-ONE through a private placement at a price of [...]
SRG Mining Inc. announced today that Carbon ONE New Energy Group Co., Ltd has agreed to acquire a 19.4% stake in SRG. C-ONE is an innovative anode material industry leader and one of the lowest cost anode material producers in China. Under terms of the agreement, SRG will issue 28,222,380 common shares to C-ONE through a private placement at a [...]
SRG Mining Inc. is pleased to announce that all nominees listed in the management proxy circular were elected as directors of the Company at its annual general meeting of shareholders held today. A total of 51,617,030 common shares or 45.35% of the Company's issued and outstanding common shares at the record date were represented in person or by [...]
SRG Mining Inc. announced today that the company has filed a new National Instrument 43-101 technical report covering the Lola Graphite Project Updated Feasibility Study for the Tier One Lola Graphite Project in the Republic of Guinea. The Lola Graphite Project UFS evaluates an annual production capacity of 94,000 tonnes of graphite flakes in [...]
SRG Announces Positive Economic Results of Updated Feasibility Study for Lola Graphite Project Annual Production Doubled to 94,000 tpa Graphite in Concentrate Modest Increase in Capital Costs of US$185 Million Compares Favourably to Industry Average Capital Intensity After-Tax NPV8% of US$218 Million and IRR of 25% over 17 years Financing, Offtake [...]
SRG Mining Inc. announced further details on the financing, offtake and strategic partnership discussions to advance the development of the Lola Graphite Project in the Republic of Guinea into a fully integrated supplier of battery anode material to the North American and European markets. As the Company looks back on the transformational year of [...]