Resources Stocks Down Under 12 January 2023: Evolution Energy Minerals (ASX:EV1)

Evolution Energy Minerals (ASX:EV1) is the current owner of the Chilalo Graphite Project in Tanzania. Long-term ASX resources investors would be aware that the Chilalo project has offered promise, but has never gotten off the ground, even though there have been several attempts by multiple companies to make it happen. This failure has mostly been because of the changing regulatory environment in Tanzania, but also an inability to secure finance as a consequence. Is Evolution the company that finally kick starts this project? We think that if Evolution can’t do it, no one can.