International Graphite Ltd (ASX:IG6, FRA:H99, OTC:IGRPF) has strengthened its board and strategic investor base with the appointment of Xcelsior Capital chief executive officer Liam Farley as a non-executive director, alongside an increase in its recent placement to $4.4 million.
The appointment brings added investment, commercial and supply chain experience to IG6 at a key point in its development, as the company advances graphite processing operations in Western Australia and Europe.
Farley’s appointment follows Xcelsior’s cornerstone investment in IG6’s recent $4 million placement, with the company saying the move has also helped attract further European interest.
Incoming non-executive director Liam Farley.
Xcelsior is the investment partner of the Wogen group of companies and specialises in financial support for emerging critical metals and minerals producers. IG6 recently announced an agreement for Wogen Pacific Limited to supply concentrate feedstock and provide product sales and market support for the Collie Micronising Facility in Western Australia.
The combined developments significantly enhance IG6's access to strategic capital, global markets, supply chain expertise and future growth opportunities across the critical minerals sector.
“Working in partnership with Wogen, Xcelsior offers a rare combination of funding capability and markets expertise to the critical minerals sector. International Graphite has developed a compelling downstream graphite processing strategy with a clear path to production in Australia and Europe. I am excited to join the Board at this important stage in the Company's development and look forward to working closely with management to accelerate execution of this strategy and identify additional opportunities to build shareholder value,” Farley said:
Strategic experience for next phase
Farley founded Xcelsior Capital in 2023 and was previously managing director at Proterra Investment Partners in the US. He brings finance experience across critical minerals, industrial materials and energy, with expertise in strategic investment, international project development and capital structuring.
“We are delighted to welcome Liam to the Board. He brings an outstanding combination of technical and investment experience and relationships across the international critical minerals sector. Importantly, he shares our long-term vision for building IG6 into a globally significant critical minerals processing business,” IG6 chairman Phil Hearse said.
IG6 executive director Aidan Nania said: “Liam’s appointment, together with Xcelsior’s investment and Wogen’s global trading platform, materially strengthens IG6’s commercial and execution capabilities at a critical stage in the Company’s development, as we progress construction at Collie and move toward a final investment decision for the Alkeemia Joint Venture in Italy.”
Placement increased to $4.4 million
IG6 has increased its placement from $4 million to $4.4 million before costs following a further investment commitment from a family office associated with Xcelsior.
The additional shares will be issued under Tranche 2 of the placement, subject to shareholder approval at a general meeting expected to be held on or around August 3, 2026.
The money raised will strengthen the company’s balance sheet and support acceleration of the Alkeemia/IG6 joint venture, construction of the Collie Micronising Facility and evaluation of additional strategic growth opportunities.