Evion Shares Soar 36% After US Defence-Linked Group Leads A$2.3M Strategic Placement

US Investment Signals Confidence in Graphite Supply Chain Strategy

Evion Group (ASX: EVG) jumped 36% this morning after announcing a A$2.3 million placement led by Atlas Strategic Assets Inc., a U.S.-based critical minerals group with deep ties to defence and policy circles. The placement, priced at A$0.021 per share, a 16% discount to the last close, gives Atlas a 15.9% equity stake in Evion and signals a clear strategic endorsement of the company’s graphite ambitions.

This is smart capital money coming from a US group focused on building secure, allied supply chains for critical minerals. For a company of Evion’s size, attracting that kind of investor sends a strong message: its graphite assets are now being seen as part of the broader strategic push to reduce reliance on Chinese supply. It’s early days, but this move could mark a meaningful shift in how institutional investors view Evion’s role in the global graphite ecosystem.

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EVG Strengthens Global Graphite Footprint

The latest funding round strengthens Evion Group’s vertically integrated graphite strategy, which spans Madagascar, India, and Europe and aligns closely with the United States’ critical minerals initiative. At the heart of this strategy is the Maniry Graphite Project in southern Madagascar, which anchors Evion’s upstream operations. The project hosts a large, high-grade graphite deposit, with feasibility studies indicating potential production of up to 60,000 tonnes of graphite concentrate per year across a 21-year mine life.

What makes this particularly compelling is how the Maniry Project connects directly into Evion’s downstream expansion plans. Graphite from Madagascar is expected to supply the company’s Battery Anode Material (BAM) plant in Germany, which is being developed to produce up to 30,000 tonnes per year. This integrated approach gives Evion exposure across multiple stages of the graphite value chain from resource extraction to advanced material processing, positioning it to capture long-term growth in the global energy storage and electric vehicle markets.

EVG Secures US and European Backing

This investment reinforces the growing interest from the United States in securing high-quality critical mineral assets to strengthen and diversify its supply chains. The participation of Atlas Strategic Assets Inc., whose leadership includes a former US Attorney-General and a retired four-star general, provides Evion Group with a credible pathway into US critical minerals and defence procurement networks.

Equally important, Evion stands out as the only graphite project outside Europe recognised under the European Union’s Critical Raw Materials Act (CRA) as a preferred future supplier. This dual recognition from both US and European strategic partners underscores Evion’s unique positioning within Western efforts to build secure, transparent, and sustainable graphite supply chains. It also validates the company’s integrated model, which connects its upstream resource base in Madagascar with downstream processing in India and Europe.