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Graphite junior battered after RCF withdrawal

Graphite developer Battery Minerals (ASX: BAT) has been rocked by the decision of renowned resource sector private equity firm Resource Capital Funds to pull a US$30 million debt and equity package only agreed-to last month.

Graphite junior battered after RCF withdrawal Graphite junior battered after RCF withdrawal Graphite junior battered after RCF withdrawal Graphite junior battered after RCF withdrawal Graphite junior battered after RCF withdrawal

Battery is confident of finding new financing after RCF reversed its decision to back the project.

According to Battery, RCF made the decision "because the graphite market no longer meets its investment criteria".

The decision means planned graphite production from the company's Monte...

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