15 May 2024
Tirupati Graphite
plc
('Tirupati', the 'Group' or the 'Company')
Broker
update
Tirupati Graphite (TGR.L,
TGRHF.OTCQX), the specialist flake graphite company and supplier of
the critical mineral for the global energy transition, today
announces the resignation of Optiva Securities Ltd, with immediate
effect.
Following its appointment announced
on 22 March 2024, CMC Markets UK Plc (LSE: CMCX) ("CMC") will
continue to provide broker services to the Company.
Shishir Poddar, Executive Chairman
commented,
"We thank Optiva for its services to
the Company over the years since its inception which have helped to
build the Company and its projects."
ENDS
For further information, please
visit https://www.tirupatigraphite.co.uk/ or
contact:
|
Tirupati Graphite Plc
Puruvi Poddar - Joint Managing
Director
|
admin@tirupatigraphite.co.uk
+44 (0) 20 39849894
|
|
CMC
Markets UK Plc (Joint Broker)
Douglas Crippen
|
+44 (0)20 3003 8632
|
|
FTI
Consulting (Financial PR)
Ben Brewerton / Nick Hennis / Lucy
Wigney
|
+44 (0) 20 3727 1000
tirupati@fticonsulting.com
|
About Tirupati Graphite
Tirupati Graphite Plc is a
specialist Graphite producer and a supplier of the critical mineral
for a decarbonised economy and the energy transition. The Company
places a special emphasis on green applications including renewable
energy, e-mobility, energy storage and thermal management, and is
committed to ensuring its operations are
sustainable.
The Company's operations include
primary mining and processing in Madagascar where the Company
operates two key projects, Sahamamy and Vatomina with a combined
30,000 tpa of currently installed capacity, producing high-quality
flake graphite concentrate with up to 97% purity and selling to
customers globally.
The Company also holds two advanced
stage, world class, natural graphite projects in Mozambique. Work
has already commenced to optimise the economics for development of
the Montepuez graphite project, which is permitted for 100,000tpa
production and where substantial construction work has already been
undertaken by the predecessor. A table of the Company's projects is
provided below:
|
Country
|
Project
|
Stage
|
|
Madagascar
|
Sahamamy
|
In production: 18,000tpa
capacity
|
|
Madagascar
|
Vatomina
|
In production: 12,000tpa
capacity
|
|
Mozambique
|
Montepuez
|
100,000tpa permitted,
development-initiated
|
|
Mozambique
|
Balama Central
|
58,000tpa permitted,
development-ready
|
