Argonaut acted as Lead Manager to a $4.9 million Placement for BlackEarth Minerals in 2021 to advance its flagship Maniry Graphite Project in Madagascar. The Offer was underpinned by strong support from a number of new domestic and international institutional and sophisticated investors.

BlackEarth Minerals (ASX:BEM) is a vertically integrated graphite developer with advanced mining projects in Madagascar and base metal prospects (Ni-Cu-PGE) in Western Australia. Its flagship projects are the Maniry Graphite Project located in Southern Madagascar and the Donnelly River Prospect, 240km south of Perth, in Western Australia, which are both processed in accordance to BlackEarth Minerals’ policy to cater to ethical production and low risk supply of critical commodities.