Appointment of Non-Executive Director

RNS Number : 5684H

Tirupati Graphite PLC

25 November 2022

 

25 November 2022

Tirupati Graphite plc

('Tirupati', 'TG' or the 'Company')

Appointment of Non-Executive Director

Tirupati Graphite plc (TGR.L, TGRHF.OTCQX), the specialist graphite and graphene company developing sustainable new age materials, is pleased to announce the appointment of Douglas Wright as a Non-Executive Director to the Board of Directors.

Prior to joining Tirupati Graphite, Douglas served as the Chairman of Kavango Resources, an LSE-listed mineral exploration company with operations in Southern Africa. Douglas has over 30 years' experience of working in the City, including as a partner at City & Westminster Corporate Finance. Douglas is an existing shareholder in Tirupati, owning 1,000,000 shares.

This appointment follows the announcement of the search for an additional Non-Executive Director candidate via RNS on 01 August 2022.

Shishir Poddar, Executive Chairman, said:

"We are pleased to welcome Douglas to the Tirupati Graphite Board as a Non-Executive Director. He brings an important level of knowledge and experience to the Company at an exciting time in our development. We look forward to benefitting from Douglas's wealth of relevant experience in the resources industry and in capital markets."

Douglas Wright said:

"I am delighted to be joining Tirupati at such an exciting time in the Company's journey. Graphite has a critical part to play in the global shift towards a net zero world, and Tirupati is set to play a key role in that as the Company progresses towards its target of providing approximately 8% of global flake graphite demand."

ENDS

For further information, please visit https://www.tirupatigraphite.co.uk/ or contact:

Tirupati Graphite Plc Puruvi Poddar - Chief of Corporate & Business Development	[e-mail] [phone]
Optiva Securities Limited (Broker) Ben Maitland - Corporate Finance Robert Emmet - Corporate Broking	[phone] [phone]
FTI Consulting (Financial PR) Ben Brewerton / Nick Hennis / Kelly Smith	[phone] [e-mail]

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.

 

END

 

 

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