What did Evion (ASX:EVG) announce regarding the CARP Fluorspar Project?

Evion has signed a binding share sale agreement to secure an exclusive option to acquire the CARP Fluorspar Project in Lincoln County, Nevada. This move allows the company to expand into a Tier-1 U.S. mining jurisdiction with an asset that has a proven history of production.

Why is fluorspar considered a "critical mineral" for investors to watch?

Fluorspar is essential for high-growth industries including semiconductors, lithium-ion batteries, nuclear energy, and the defence sector. The United States, European Union, and Australia have all designated it a critical mineral, yet the U.S. is currently 100% reliant on imports.

How does the CARP project acquisition change the investment thesis for Evion (ASX:EVG)?

The acquisition transforms Evion into the only ASX-listed company with exposure to both graphite and fluorspar, diversifying its portfolio within the green energy and high-tech supply chains.

What are the key production metrics for the CARP Fluorspar Project?

The project is a historically producing asset with a recorded output of approximately 44,900 tonnes of fluorspar. Investors should note the high quality of the resource, which reported an average grade of roughly 69% CaF₂ (calcium fluoride).

How is Evion (ASX:EVG) funding this U.S. expansion?

Evion has received firm commitments to raise A$6.6 million from institutional, sophisticated, and strategic investors. The capital raising included A$100,000 in participation from company directors, which is often viewed by retail traders as a signal of internal confidence in the project's success.

Evion secures exclusive option for Nevada Fluorspar Project

Written by Jon CuthbertPublished May. 12 2026

Evion (ASX:EVG) announced the execution of a binding share sale agreement to secure an exclusive option for the CARP Fluorspar Project in Lincoln County, Nevada.

The acquisition marks a pivotal expansion for the company, positioning it within a Tier-1 US mining jurisdiction.

The CARP project is a historically significant asset, having previously produced approximately 44,900 tonnes of fluorspar at a high average grade of roughly 69% CaF₂.

To further enhance the project’s value, Evion has staked 45 adjoining mining claims, identifying substantial potential for district-scale growth and additional mineralisation.

Fluorspar is currently designated as a critical mineral by the United States, European Union, and Australia. Its importance cannot be understated, as it serves as an essential component in the semiconductor, battery, nuclear, aerospace, and defence sectors.

The urgency to secure domestic supply was recently highlighted by the US Department of Defence, which awarded a US$168.9 million supply contract through the Defence Logistics Agency to mitigate reliance on Chinese-controlled markets.

With this development, Evion becomes the only ASX-listed entity with dual exposure to both graphite and fluorspar projects.

To fund this expansion, the company has received $6.6 million in firm commitments from institutional and strategic investors, including $100,000 in director participation.

At the time of reporting, Evion’s share price was $0.053.