Broker update

Tirupati Graphite PLC

15 May 2024

 

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	[e-mail]  [phone]
CMC Markets UK Plc (Joint Broker) Douglas Crippen	[phone]
FTI Consulting (Financial PR)  Ben Brewerton / Nick Hennis / Lucy Wigney	[phone]  [e-mail]

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

 

END