Street Talk

Syrah Resources raising $98m; Jarden on the ticket

Sarah Thompson, Kanika Sood and Emma Rapaport

Mar 13, 2024 – 11.36am

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Graphite developer Syrah Resources was fronting shareholders with an equity raising on Wednesday morning, a fortnight after it signed a binding offtake agreement with Korean steelmaker POSCO for its flagship Balama project in Mozambique.

Syrah Resources CEO Shaun Verner is fronting investors seeking fresh funds. Eamon Gallagher

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

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au

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