Tirupati Graphite plc

TGR

GB00BFYMWJ95

Specialty Mining & Metals

Market Closed - London S.E. Other stock markets 11:35:24 2024-07-10 am EDT			5-day change	1st Jan Change
6.5 ^GBX	-2.26%		+52.94%	-59.38%

08:54pm	Tirupati Graphite says funding talks continue	AN
Jul. 05	Tirupati Graphite remains engaged with strategic investors	AN

Tirupati Graphite says funding talks continue

July 10, 2024 at 02:54 pm EDT

Tirupati Graphite PLC - London-based flake graphite supplier with projects in Madagascar and Mozambique - Says funding discussions with potential strategic partners and financial institutions continue. The talks are for near term raising of up to GBP3 million to streamline the current operations in Madagascar. The company intends to raise, in due course, project finance of up to GBP80 million from financial institutions for expansion of the company's Madagascan projects to a combined 54,000 tons per annum production capacity, and development of a first 50,000 tons per annum module at its Mozambican projects. Tirupati says its development strategy for its current projects to achieve its aim of reaching production capacity of around 400,000 tons per annum of flake graphite to serve around 8% of forecast global demand in the next decade.

Current stock price: 6.00 pence

12-month change: down 82%

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Tirupati Graphite plc

Tirupati Graphite says funding talks continue	02:54pm	AN
Tirupati Graphite remains engaged with strategic investors	Jul. 05	AN
Tirupati Graphite Hires Financial Advisers to Secure Working Capital Funding	Jul. 04	MT
Tirupati Graphite firms Michael Lynch-Bell as non-exec chair	Jun. 12	AN
Tirupati Graphite Appoints Nonexecutive Chairman	Jun. 12	MT
Tirupati Graphite Appoints Michael Lynch-Bell as Non-Executive Chairman	Jun. 12	CI
Tirupati Graphite directors backed at general meeting	Jun. 11	AN
Tirupati Graphite Reiterates Call to Reject Proposed Resolutions from Requisitioners	Jun. 05	MT
EXECUTIVE CHANGES: Pendragon chair to remain chair of Pinewood Tech	Jun. 01	AN
Tirupati Graphite Nominates Chairman	May. 31	MT
Tirupati Graphite plc Board Issues a Notice to the Shareholder	May. 14	CI
Adnams toasts first quarter sales; t42 wins deal	May. 13	AN
Tirupati Graphite Calls on Shareholders to Reject Bid to Overhaul Board	May. 13	MT
Tirupati Graphite Responds to the Letter from Walpole St. Andrews Nominees	May. 13	CI
Tirupati shares drop as full-year sales skyrocket but profit falls	May. 10	AN
Tirupati Graphite Says Seeking To Split Role Of CEO And Executive Chair	May. 10	RE
Tirupati Graphite plc Reports Unaudited Production Results for the Year Ended 31 March 2024	May. 10	CI
Tirupati Graphite agrees to shareholder general meeting	May. 03	AN
Tirupati Graphite to Hold General Meeting Following Requisition Notice	May. 03	MT
Facilities by ADF profit hit by Hollywood strikes	Apr. 26	AN
Tirupati Graphite's Minority Shareholders Call for General Meeting to Seek Removal of Directors	Apr. 26	MT
Tirupati Graphite Confirms the Receipt of a Letter from Walpole St. Andrews Nominees	Apr. 26	CI
Chariot mulls future of Transitional Power business	Mar. 18	AN
Tirupati completes drilling at two graphite projects	Mar. 11	AN
Tirupati Graphite Completes Exploration, Resource Drilling Programme At 2 Projects	Mar. 11	RE

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Company Profile

Tirupati Graphite plc is a United Kingdom-based specialist graphite producer and a supplier of the critical mineral for a decarbonized economy and the energy transition. The Company places an emphasis on green applications, including renewable energy, e-mobility, energy storage and thermal management. Its operations include primary mining and processing in Madagascar where it operates two key projects, Sahamamy and Vatomina with a combined 30,000 tons per annum of installed capacity, producing high-quality flake graphite concentrate with up to 97% purity. Its Madagascar projects are both fully permitted with environment clearance granted and a 40 years renewable mining permit covering a total permit area of over 33 square kilometers. It also holds two advanced stage, world class, natural graphite projects in Mozambique: Montepuez project and Balama Central project. The Montepuez project and Balama Central project are fully permitted to produce 158,000 tons per annum of flake graphite.

Sector

Specialty Mining & Metals

Calendar

2024-09-12 - Q4 2024 Earnings Release (Projected)

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