Talga Resources has announced its intention to raise around $8 million USD from private investors, including the Smedvig Family Office, a Norwegian family office that has considerable experience in investing in the natural resources sector globally. Investors also have received options to raise a further $670,000 USD.
Talga's Managing Director stated that “...The predominantly Scandinavian based investment group shares our vision to make Talga a world-class graphene technology and production house, and brings new strength to our investor base. In addition, these investors provide commitment to long term financial support as we grow and allows Talga to accelerate its business plans. Importantly, the investment comes after a lengthy and detailed due diligence exercise. Talga looks forward to leveraging from the new European connections that will come from this transaction, particularly in Scandinavia."
In April 2016, Talga launched its Phase 2 processing plant in Germany. In November 2015, Talga announced signing a collaboration agreement under which it, along with Tata Steel UK, will explore opportunities in graphene supply, processing and applications.