Rescheduling of Full Year Results
Monday 12 September 2022
Tirupati Graphite plc
('Tirupati', 'TG' or the 'Company')
Rescheduling of Full Year Results
Tirupati Graphite plc (TGR.L, TGRHF.OTCQX) announces that its audited results for the 12 months ended 31 March 2022, which were to be announced today, will now be announced later this month. The company shall also refrain from other announcements on updates until later part of this month.
In the meantime, the company confirms that its operations and developments are progressing as per plans.
ENDS
For further information, please visit https://www.tirupatigraphite.co.uk/ or contact:
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Tirupati Graphite Plc Puruvi Poddar - Chief of Corporate & Business Development
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+44 (0) 20 39849894 |
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Optiva Securities Limited (Broker) Ben Maitland - Corporate Finance Robert Emmet - Corporate Broking
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+44 (0) 20 3034 2707 +44 (0) 20 3981 4173 |
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FTI Consulting (Financial PR) Ben Brewerton / Nick Hennis / Kelly Smith
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+44 (0) 20 3727 1000 tirupati@fticonsulting.com
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About Tirupati Graphite
Tirupati Graphite Plc is a specialist graphite and graphene company. The Company places a special emphasis on "green" applications, including renewable energy and energy efficiency, energy storage and thermal management and is committed to ensuring its operations are sustainable as well.
The Company's operations include primary mining and processing in Madagascar, where the Company operates two key projects, Sahamamy and Vatomina; 12,000 tpa installed capacity of high-quality flake graphite concentrate with up to 96% purity is currently being produced and sold to customers globally, planned to increase to 84,000 tpa by end 2024 as per the Company's modular medium-term development plan.
The Company has an acquisition agreement, subject to regulatory approvals, with Tirupati Speciality Graphite Private Limited ('TSG'). TSG operates and is developing a suite of speciality graphite for use in hi-tech applications like lithium-ion batteries, fire retardants, thermal management, and composites. It also operates a technology centre developing advanced materials including graphene and its applications, and mineral processing technology on commercial basis. The Company is working on various possibilities in this respect as announced by RNS on 11 July 2022.
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