Sovereign Metals, a rutile-graphite player backed by Rio Tinto and capitalised at $581 million on the ASX, launched a $40 million equity raising on Monday morning to bankroll development at its flagship project in Malawi.
Sovereign Metals chair Ben Stoikovich in London in December. Grainne Quinlan
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
