Evion expands critical minerals strategy with Nevada fluorspar acquisition.

Evion expands critical minerals strategy with Nevada fluorspar acquisition. The ASX-listed company secured an exclusive option to acquire the CARP fluorspar project in Nevada, a historically producing asset that generated significant output between 1958 and 1971. Fluorspar is designated a critical mineral by the US government, which currently imports 100 percent of its supply with no domestic production since 1990. The strategic importance is evident from the US Defense Logistics Agency awarding a 168.9 million dollar fluorspar supply contract. Evion raised A$6.635 million through a share placement at A$0.03 per share to fund the acquisition and advance its graphite projects. The deal includes upfront payments of US$150,000 cash and US$250,000 in shares, with deferred consideration totaling US$1.46 million cash and US$1.75 million in shares over three years.