International Graphite raises A$4.4M to build out graphite processing
What's the deal? International GraphiteDealroom has a profile for this one. Try Dealroom → (ASX: IG6) has completed a A$4.4M private placement, bringing new strategic investors onto its register as it advances graphite processing operations in Australia and Europe. Xcelsior CapitalDealroom has a profile for this one. Try Dealroom → and an associated family office joined the round, alongside existing shareholders and company directors.
The details: Under the second tranche, IG6 issued roughly 58.8 million new shares and 55 million two-year options, exercisable at A$0.08 each. Shareholders approved the placement earlier this month, and the company plans to seek ASX quotation of the options.
What's the money for? The funds will support IG6's graphite processing strategy — chiefly the Collie Micronising Facility in Western Australia — plus working capital.
Why now? Construction at Collie is picking up, with earthworks and civil works increasing in August 2026. IG6 has hit Milestone 3 under the Western Australian government's A$4.5M Collie Industrial Transition Fund grant, with a further drawdown expected in the coming weeks. After that payment, about A$2.5M of government funding will remain available.
What's the endgame? The company says Xcelsior's investment strengthens its links with the Wogen group of companiesDealroom has a profile for this one. Try Dealroom →, supporting commercial and supply chain ambitions as IG6 moves toward production.
The signal: The raise is modest by venture standards, sitting in the bottom half of comparable rounds. But paired with government backing and a strategic investor tied to established trading networks, it points to steady, milestone-driven progress in the graphite supply chain rather than a headline-grabbing bet.
Read more: The Assay
Image credit: Generated with Gemini
