{"id":377361,"date":"2026-08-14T03:42:13","date_gmt":"2026-08-14T03:42:13","guid":{"rendered":"https:\/\/www.europesays.com\/africa\/377361\/"},"modified":"2026-08-14T03:42:13","modified_gmt":"2026-08-14T03:42:13","slug":"evion-advances-madagascar-asset-amid-us-critical-minerals-push","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/africa\/377361\/","title":{"rendered":"Evion advances Madagascar asset amid US critical minerals push"},"content":{"rendered":"<p><a href=\"https:\/\/eviongroup.com\/\" target=\"_blank\" rel=\"nofollow noopener\">Evion Group<\/a> (ASX:EVG) says its Maniry Graphite Project in southern Madagascar is well positioned within the emerging US-Africa critical minerals corridor following updates to US trade policy that prioritize African critical minerals. <\/p>\n<p>The US Senate recently passed a three-year extension of the African Growth and Opportunity Act (AGOA), carrying the program through to 31 December 2028. <\/p>\n<p>New provisions direct the US Government to prioritise and streamline access to and processing of critical minerals from eligible African nations to reduce dependence on Chinese supply chains.<\/p>\n<p>Notably, Madagascar has been named one of 33 sub-Saharan African countries designated as an AGOA beneficiary.<\/p>\n<p>Evion says this development reinforces the company\u2019s US Government engagement strategy, especially following its recently <a href=\"https:\/\/mining.com.au\/evion-joins-us-defence-consortium\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">announced<\/a> acceptance into the Cornerstone Consortium.<\/p>\n<p>The consortium is a US Department of Defence public-private industrial base vehicle designed to strengthen American supply chain resilience. <\/p>\n<p>Managing Director David Round reinforces the strategic alignment of recent company updates with US policy.<\/p>\n<p>\u201cWe have [Maniry] in Madagascar that the European Union has already designated as strategic, an operating graphite processing business shipping into the United States, and a seat inside the Department of Defence industrial base consortium,\u201d Round says.<\/p>\n<p>\u201cVery few companies of our size sit across those three positions.\u201d<\/p>\n<p>Evion says it is currently in talks with strategic, offtake, and financing partners as it advances Maniry towards development and construction, with a final investment decision as one of its key goals.<\/p>\n<p>Maniry has already secured mining permits across key areas defined in its <a href=\"https:\/\/mining.com.au\/what-mining-feasibility-studies-assess\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Definitive Feasibility Study<\/a>, which outlines a pre-tax net present value of US$263 million ($373 million) at an 8% discount rate, a 33% pre-tax internal rate of return (IRR), and a 21-year mine life.<\/p>\n<p><a href=\"https:\/\/mining.com.au\/company\/evion-group\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Evion Group<\/a> is a <a href=\"https:\/\/mining.com.au\/what-are-critical-minerals-and-why-governments-track-them\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">critical minerals<\/a> company focused on mining, exploring, and supplying <a href=\"https:\/\/mining.com.au\/commodities\/graphite\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">graphite<\/a> and fluorspar, with a mine-to-market supply chain across Madagascar, India, Europe, and the US.<\/p>\n<p>Write to <a href=\"https:\/\/mining.com.au\/evion-advances-madagascar-asset-amid-us-critical-minerals-push\/mailto:paula.fabe@mining.com.au\" rel=\"nofollow noopener\" target=\"_blank\">Paula Fabe<\/a> at <a href=\"https:\/\/mining.com.au\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Mining.com.au<\/a><\/p>\n<p>Images: Mining.com.au<\/p>\n<p>Add to Watch List:FeASXRIOCritical MineralsGraphite<\/p>\n","protected":false},"excerpt":{"rendered":"Evion Group (ASX:EVG) says its Maniry Graphite Project in southern Madagascar is well positioned within the emerging US-Africa&hellip;\n","protected":false},"author":2,"featured_media":377362,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[35],"tags":[63,14114,4882,168118,9759,1366,3905,149125,3110,4285,92319,63178,2679],"class_list":["post-377361","post","type-post","status-publish","format-standard","has-post-thumbnail","category-madagascar","tag-africa","tag-critical-minerals","tag-defence","tag-definitive-feasibility-study","tag-development","tag-europe","tag-european-union","tag-final-investment-decision","tag-government","tag-madagascar","tag-offtake","tag-supply-chain","tag-united-states"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@africa\/117091798092913971","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/posts\/377361","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/comments?post=377361"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/posts\/377361\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/media\/377362"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/media?parent=377361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/categories?post=377361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/tags?post=377361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}