Syrah Raises AU$70 Million via Successful Placement and Entitlement Offer.

Syrah Resources Limited (ASX: SYR) has successfully completed its AU$42 million Placement and Institutional Entitlement Offer at AU$0.26 per share, as part of a broader AU$70 million capital raise. The 1-for-5.42 pro rata non-renounceable offer received strong support, with approximately 86% of eligible institutional shareholders participating. Remaining shares were fully allocated to existing shareholders and new investors.

The fully underwritten retail entitlement component, expected to raise AU$28 million, opens on 6 August and closes on 20 August 2025. Eligible retail shareholders will also have the opportunity to apply for additional shares under an Oversubscription Facility, subject to availability. All new shares will rank equally with existing shares. Settlement and trading of institutional shares begin on 7 August, while retail shares will commence normal trading from 27 August. The capital raised will be used to strengthen Syrah’s financial position and support its ongoing business initiatives.

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