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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.

La Mancha Resource Capital LLP. Registered in England and Wales under registration number OC368461, Registered office address - 161 Brompton Road, Second Floor, London, England, SW3 1QP.