Evolution Energy Minerals Limited (ASX: $EV1) has completed the BTR Investment, issuing 25,860,000 Ordinary Evolution shares to BTR New Material Group Co. Ltd. This results in BTR holding a 9.9% interest in Evolution.
We welcome BTR as a key strategic shareholder in Evolution. Completion of the BTR Investment is a significant development for the Company and is a vote of confidence from the global leader in the manufacture of lithium-ion battery anode materials in Evolution's Chilalo Project and strategy of vertical integration. We welcome BTR as a key strategic shareholder and partner in the development of Chilalo and establishment of downstream graphite products.
Evolution Energy Minerals has successfully completed the BTR Investment, issuing 25,860,000 Ordinary Evolution shares to BTR New Material Group Co. Ltd, resulting in BTR holding a 9.9% interest in Evolution. The completion of this investment marks a significant development for the company and demonstrates a vote of confidence from a global leader in the manufacture of lithium-ion battery anode materials. The strategic partnership with BTR is expected to play a pivotal role in the development of Chilalo and the establishment of downstream graphite products. Evolution's vision of becoming a vertically integrated company, supplying sustainably sourced graphite products and battery materials, is further strengthened through this partnership. The company is committed to being global leaders in ESG and ensuring its operations support the push for decarbonization and the global green economy.