Sarytogan Secures $1.4 million Top Up Investment from EBRD to Support Feasibility Study

Highlights:

• EBRD to increase its stake in Sarytogan Graphite through a $1.4 million top-up placement
• Funds will contribute to the ongoing Definitive Feasibility Study, expected mid-2026
• EBRD’s holding to rise from 17.3% to 19.99% at the time of writing

Sarytogan Graphite Limited (ASX: SGA) has confirmed that it has finalised documentation for a $1.4 million top-up placement with the European Bank for Reconstruction and Development (EBRD). The investment strengthens the relationship between the company and the multilateral institution, which previously committed $5 million to the project last year.

At the time of writing, Sarytogan Graphite shares last traded around 8 cents, aligning with the pricing of the newly announced placement.

Funding to Support Feasibility Progress

The placement comprises 17,457,264 new shares at $0.08 per share, contributing to the funding package for Sarytogan’s Definitive Feasibility Study, which remains on track for completion in mid-2026. The deal follows an earlier $3.6 million investment from Kazakh investor Dias Sarsenov, also priced at 8 cents.

Managing Director Sean Gregory said the additional commitment demonstrates rising confidence in the Sarytogan Graphite Project, which is positioned to be a key supplier in the global battery and advanced materials market.

Conditions and Governance Enhancements

The placement remains subject to several conditions, including shareholder approval at the company’s Annual General Meeting scheduled for November, and regulatory consent from the Kazakh Ministry of Industry and Construction. A corresponding amendment to the existing Project Support Agreement will allow EBRD to nominate a board observer in addition to its current non-executive director role.

Upon completion, EBRD’s shareholding will increase to 19.99%, further embedding the strategic partnership as the project moves toward development. Sarytogan continues to advance feasibility work and investor engagement as global demand for high-purity graphite intensifies.

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