Australian technology minerals company, Talga Resources, announced a funding initiative to raise gross proceeds of $12.3 million AUD (around $9.2 million USD). The Placement is being made to a small group of targeted institutions and was also strongly supported by a group of Talga’s major shareholders.

The Company intends to use these funds towards Talga’s commercial, processing, product development and mineral development programs in Europe as well as for general working capital.In April 2016, Talga Resources announced the commissioning of its Phase 2 processing plant in Germany, and in August 2016, Talga announced that it manufactured its first graphene coating product, and delivered it to its industry partner.