Evion Group (ASX:EVG) - Unique High Potential US/EU Critical Minerals Play
24 June, 2026 · By Rahul Tiwari · Long-form
Overview
Evion Group (EVG) is developing the Maniry Graphite Project in Madagascar and has downstream graphite exposure through its Panthera expandable graphite JV in India and a potential German BAM/SPG project. Maniry's 2022 DFS highlighted the quality of the project, while Panthera is already generating EBITDA and the Carp Fluorspar Project acquisition option adds U.S. critical-minerals upside. GBA Capital initiates research coverage with a call of Buy (High Risk) and a Target Price of A$0.16/share — a ~462% upside to the last traded price of A$0.028. EVG is the only ASX-listed company offering exposure to both graphite and fluorspar, two strategically critical Western supply-chain commodities.
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