• Talga Group Ltd to raise up to A$5 million through a non-underwritten Share Purchase Plan
• Offer price of A$0.41 per share, representing an 8.7% discount to 5-day VWAP
• Proceeds to fund engineering study and supply TalNode-C and TalNode-R anode to customers

Talga Group Ltd (ASX: TLG) has announced a non-underwritten Share Purchase Plan (SPP) to raise up to approximately A$5 million (before costs). The SPP is part of a wider capital raising, with the company also announcing a non-underwritten placement to institutional investors to raise approximately A$14.5 million. The issue price for the new shares under the SPP is A$0.41 per share, representing an 8.7% discount to the volume weighted average price of shares over the last 5 trading days prior to the SPP announcement. Proceeds from the SPP and the placement will be used to fund the engineering study for a staged 5,000 tpa ramp up in production, in conjunction with a A$13.35 million grant received from Sweden's Industrial Leap. Funds will also be used to supply TalNode-C and TalNode-R anode to offtake and battery customers for qualification, as well as advance US development opportunities and provide general working capital. The SPP is open to eligible shareholders with a registered address in Australia, New Zealand or Singapore, and who are not in the United States. Eligible shareholders can apply for up to A$30,000 worth of new shares without incurring brokerage or transaction costs.