La Mancha will take a 19.9% interest in SRG Mining which is developing the Lola Graphite Project in Guinea. The acquisition has been agreed at a 20% discount to SRG’s share price. La Mancha will become one of SRG’s largest shareholders.
“This investment represents a significant further step in La Mancha’s strategy of broadening and diversifying the fund’s portfolio of battery metals developers and producers,” said La Mancha in a statement. The stake in the graphite mine will be held in addition to the fund’s investments in gold miners.
