Key facts about Dominion Minerals Limited (ASX: $DLM) announcement

Dominion Minerals Limited (ASX: $DLM) has executed binding term sheets to acquire a 100% interest in a highly prospective Tanzanian graphite project and two mineral exploration licences in South Australia. The Tanzanian project covers approximately 386 km2 and is in close proximity to major infrastructure, while the South Australian licences cover an area of 1,853 km2. The company intends to undertake a public equity capital raise of at least A$2 million dollars to advance the development of the Project and change its name to InVert Graphite Limited. The Company's securities will remain suspended until after shareholder approval has been obtained, the Acquisition and capital raise have been completed, and the Company has re-complied with Chapters 1 and 2 of the ASX Listing Rules.

Executive commentary on the acquisition and future plans

The projected growth in graphite demand, particularly in the electric vehicle and renewable energy supply chains, makes the long term graphite forecast extremely favourable. The Company's plans to acquire the Tanzanian graphite project and South Australian exploration licences align with the strategic potential to the U.S., especially in securing supply chains linked to lithium-ion batteries. The experienced resource company executives joining the board and the proposed U.S. focused Non-executive Directors reflect the Company's aspirations to seek U.S. Federal Government support and evaluate value-add processing opportunities. The Company also aims to accelerate exploration activities at the Tanzanian project and commence drill programs immediately upon completion of the Acquisition.

Summary of the ASX announcement and outlook

Dominion Minerals Limited (ASX: $DLM) has made significant strides by executing binding term sheets to acquire a highly prospective Tanzanian graphite project and South Australian exploration licences. The Company's ambitions to advance the development of the Project, change its name to InVert Graphite Limited, and seek U.S. Federal Government support demonstrate a strategic shift towards securing supply chains linked to lithium-ion batteries. The planned public equity capital raise and the proposed work programs indicate a strong focus on accelerating exploration activities and assessing the potential for a high purity graphite concentrate product. The Company's securities will remain suspended until after shareholder approval has been obtained, the Acquisition and capital raise have been completed, and the Company has re-complied with Chapters 1 and 2 of the ASX Listing Rules.