Framework Agreement signing ceremony set for 17 April

Our 2021 Wise-Owl Pick of the Year and graphite Investment Evolution Energy Minerals (ASX: EV1) now has a date for the official signing ceremony for a Framework Agreement with the Tanzanian government.

The date is the 17th of April (next Monday).

A Framework Agreement is important because it outlines the rights and obligations between EV1 and the Tanzanian government over the ownership, development, and management of EV1’s high-margin low-cost graphite project in Tanzania.

Importantly, it provides certainty of tenure and ownership, which mitigates regulatory risk for large-scale financing partners and institutional investors.

With EV1 having just updated its Definitive Feasibility Study (DFS), once signed, the Framework Agreement will put the company in a strong position to advance financing discussions.

Ultimately we hope the Framework Agreement leads to a Final Investment Decision (FID) by EV1 on developing its graphite project.

For some context on the impact Framework Agreements have had on other ASX listed companies share prices:

Strandline Resources signed its framework agreement on 14 December 2021 — this saw Strandline’s share price rise from ~25c per share (pre-framework agreement) to all time highs of 51.5c, after which the company secured a $50M capital raise.

We hope the market views EV1’s agreement as a de-risking of its project from a tenure perspective, opening up the company to institutional buying from investors who may have been waiting for this news.

To see our deep dive on why the Framework Agreement matters check out our recent note here: EV1 settles landmark agreements with the government of Tanzania